Reiss informed The Huffington Post on Monday by phone that the bank has been thinking about such a change as early as late last year. She added that the policy change has come into effect from this week. This new rule is a major shift in the policy of the bank. Earlier, the bank has been previously permitting reactivation of closed checking accounts of past customers when electronic transactions arrived …

Even if smartphone payments have been in the circulation for years now the adoption of Starbucks of Square’s newest technology is simply a sign that mobile payments could be a normal thing. Starbucks also invested around $25M in Square to be a part of their financing which provides value to the company at around $3B and according to Howard Schultz who happened to be the CEO of Starbucks coffee company, …

National banks as well as regional banks have started announcing new cash incentives and rewards for existing and new customers. A few new websites have come out with even prize programs similar to lottery schemes for those who save their money with them. Still, there is a genuine concern among consumers whether these rewards are really worth anything. A financial analyst pointed out that banks were offering iPods and other …