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Huntington (HBAN) Announces Plan to Upgrade ATM Network
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To keep up with the digitization race, Huntington Bancshares (HBAN - Free Report) is planning to upgrade the software of its entire ATM network (about 1,330 ATMs as of Sep 30) and replace about 400 machines by 2020 end.
With this upgrade, the ATMs are expected to help clients complete transactions faster with improved security. Moreover, customers will be able to withdraw cash in the denominations of $1, $5, $20 or $50 from these ATMs.
This move is in sync with the company’s commitment to continue improving customer experience. Andy Harmening, Huntington's director of consumer and business banking, said "Our customers have told us security, flexibility and ease of use are important to them and, true to our purpose of looking out for people, we have turned their feedback into action."
Moreover, this is the company’s first step toward including tap-and-go authentication facility through an ATM card or mobile app. Also, the Hyosung MoniPlus2S software to be installed in ATMs comes from multiple manufacturers, which the company feels is an added advantage for its clients as they will be able to benefit from a consistent experience regardless of their location.
Huntington has been investing in digital modes of banking, with the latest key development being the launch of The Hub in 2019 — the bank's digital-banking experience, and Huntington Heads Up, a digital messaging platform.
The lender provided these services free to all customers and enabled them to save more money, manage spending and keep their financial goals front and center.
Other Wall Street banks have also been taking steps to improve digital experience of their customers. Wells Fargo (WFC - Free Report) introduced a new virtual payment system to ensure smooth transactions for its corporate customers. Also, Bank of America (BAC - Free Report) launched digital financial planning tool — Life Plan.
First Horizon (FHN - Free Report) announced partnership with Interchecks to launch a payments platform — ClearPath Fast Payments — to enable faster and convenient payments that would be more accessible to businesses and customers.
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Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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Huntington (HBAN) Announces Plan to Upgrade ATM Network
To keep up with the digitization race, Huntington Bancshares (HBAN - Free Report) is planning to upgrade the software of its entire ATM network (about 1,330 ATMs as of Sep 30) and replace about 400 machines by 2020 end.
With this upgrade, the ATMs are expected to help clients complete transactions faster with improved security. Moreover, customers will be able to withdraw cash in the denominations of $1, $5, $20 or $50 from these ATMs.
This move is in sync with the company’s commitment to continue improving customer experience. Andy Harmening, Huntington's director of consumer and business banking, said "Our customers have told us security, flexibility and ease of use are important to them and, true to our purpose of looking out for people, we have turned their feedback into action."
Moreover, this is the company’s first step toward including tap-and-go authentication facility through an ATM card or mobile app. Also, the Hyosung MoniPlus2S software to be installed in ATMs comes from multiple manufacturers, which the company feels is an added advantage for its clients as they will be able to benefit from a consistent experience regardless of their location.
Huntington has been investing in digital modes of banking, with the latest key development being the launch of The Hub in 2019 — the bank's digital-banking experience, and Huntington Heads Up, a digital messaging platform.
The lender provided these services free to all customers and enabled them to save more money, manage spending and keep their financial goals front and center.
Shares of this Zacks Rank #3 (Hold) company have gained 31.3% over the past six months, outperforming 18.5% growth recorded by the industry it belongs to. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Wall Street banks have also been taking steps to improve digital experience of their customers. Wells Fargo (WFC - Free Report) introduced a new virtual payment system to ensure smooth transactions for its corporate customers. Also, Bank of America (BAC - Free Report) launched digital financial planning tool — Life Plan.
First Horizon (FHN - Free Report) announced partnership with Interchecks to launch a payments platform — ClearPath Fast Payments — to enable faster and convenient payments that would be more accessible to businesses and customers.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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