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Citi shares low-tech cash machines to lure customers on the cheap [Reuters]

HUNTINGTON BANCSHARES (HBAN)  More Company Research Source: Reuters
Last huntington bancshares earnings: 4/24 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
PDF Citi shares low-tech cash machines to lure customers on the cheap | Reuters 5 Min Read NEW YORK, Nov 29 (Reuters) - Citigroup Inc has plugged into tens of thousands of outside vendors’ cash dispensers across the United States this year, part of a plan to cut costs and entice customers after closing hundreds of branches. It signed up with major U.S. ATM network Allpoint, continued using another, MoneyPass, and now retail customers can access their money, fee-free, at 64,000 machines in assorted stores across the country with a Citi smartphone locator app. Before Citi fully-embraced that strategy though, it asked customers what they most wanted from a bank that they could not get from smartphones, which customers are increasingly using for payments, checking balances and making deposits. The answer, Will Howle, Citi’s president of U.S. retail banking, said, was access to cash when and where they need it. They have little interest in fancy machines in stylish branches, he said in an inte [Read more]

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