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Stock impact report

PNC Bank automates direct deposit switch for customers [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Pittsburgh-based national bank announced the launch of its new digital direct deposit manager on Tuesday. It gives PNC Bank customers the ability to automatically set up direct deposits for payroll, Social Security payments, gig work payouts or other regular income from the bank's mobile app. The upgraded deposit feature, referred to by the $554.7 billion-assets bank as PNC Direct Deposit, removes barriers to updating or changing the primary bank account for payroll deposits by combining the roles of the employer, the payroll provider and the bank into a single interface. PNC Bank built the feature through a partnership with the account-switching fintech Atomic , a company representative told American Banker. "This integrated direct deposit solution is just another example of how PNC is continuously enhancing and improving the client experience," Alex Overstrom, head of retail banking for PNC Bank, said in a statement. "By embedding direct deposit functions directly within th Show less Read more
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