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-0.000101719051978343 -0.000508595259892149 -0.000762892889838296 -0.000813752415827467 -0.00170379412063884 -0.0024412572474824 -0.0024412572474824 -0.0024412572474824
Stock impact report

PNC Launches New Digital Direct Deposit: A Move to Boost Fee Income? [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
This will likely help the company to bolster its fee-based income. The bank unveiled a new feature, PNC Direct Deposit, designed to enable customers to automatically set up direct deposits for payroll, Social Security payments, or other regular income through the PNC Mobile app. PNC Direct Deposit is an integrated experience that provides clients with a seamless and streamlined option to update or change their direct deposit preferences with just a few clicks, eliminating the need to fill out forms or make phone calls. It combines the roles of the employer, payroll provider, and bank into a single digital interface. The solution has been developed in partnership with the account-switching fintech Atomic. The new digital solution eliminates the need for users to manually enter routing and account numbers, thereby minimizing the risk of user errors and payment delays. Alex Overstrom, head of Retail Banking, stated that, "This integrated direct deposit solution is just another ex Show less Read more
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