Alternative Finances

PNC Launches New Card Readers

Joining a league of banks and private companies offering credit card readers, PNC Bank has introduced two new products customized to the demands of its customers.

This month, the bank officially launched Pogo from PNC Bank, its new product for micro merchants without a POS solution.  The reader transfers the funds straight to customers’ PNC bank accounts by the next day. The product has been released in collaboration with First Data Corporation, according to smallbiztrends.com

PNC Merchant Services Senior Vice President David Shorten said that the product would offer 24/7 customer support to its customers via chat or phone, unlike other products in competition.

“Pogo is a self-serve solution for businesses that do not process a large volume of card transactions but are in need of a card payment solution,” he said.

With a thought to reach out to small merchants, the bank has introduced another product called MobilePay that serves customers processing a higher volume of credit card transactions.

PNC is offering the Pogo card reader for free. The app for the reader can be downloaded from the iTunes or Google Play store.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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