Top Priorities To Compete in the New Payments Environment

Non-bank competitors already are stealing 25% of checking account revenue.  (see A Payments Approach to Checking Revenue.) How do financial institutions stop revenue flowing out of checking accounts to non-bank payments competitors?

Research shows three key payments features some consumer segments want in their checking services.

                             

                                                          Source: Pew Trust

Grow your revenue 40% by offering PaySound^® No Overdraft Fee Checking and the PaySound^® Companion Card to aid in spending control and partitioning funds.