In a press statement today, PNC Bank announced completed upgrades to 3,600 ATMs in options to make deposits, cash, and complete other transactions. These upgrades which began in 2012 were completed this month. Among the bank’s 7,200 ATMs nationwide, the “smart” ATMs locations can be found through their website. The smart ATM features include: cashing checks or making deposits without an envelope; immediate availability of cash on check deposits made by 9:00 pm EST; printed picture of the check as a receipt; ability to dispense one dollar bills and personalization of ATM preferences.
“PNC is always looking for innovative ways to make banking easier and more convenient for our customers,” said Ken Justice, ATM executive for PNC. “Our ATM enhancements are another major investment to help customers bank when and where they want.”
PNC is also responding to the challenge of integrating social networking to reach out to the public and remain competitive. Last month, PNC introduced PNC Achievement Sessions. By integrating personal finance with social networking, this new online resource assists in learning about personal finance through providing users with simple strategies to achieve their personal finance goals. The web service features spending, saving, borrowing and investing through sessions tailored to building an emergency fund, a spending diet, maximizing retirement, getting comfortable with investing, achieving desired mortgage and credit score.
In addition to bridging the gap between education and personal finance, PNC announced earlier this week that the President and CEO will speak at Barclays Financial Services Conference. William Demchak is expected to discuss business performance and strategy at the conference on Monday, September 9, 2013. PNC will webcast this on their site with the included presentation slides and handouts for 30 days.
PNC (NYSE:PNC) is performing better in this stock market in 2013 than 2012. They are traded in the banking industry of the financial sector, and their competition includes Visa, BlackRock Inc., Wells Fargo, JP Morgan Chase, City Holding Company, U.S. Bancorp, BB&T Corp., SunTrust Banks, First Merit Corp and KeyCorp. The average closing stock market prices for the first, second, third and fourth quarter of last year were 60.67, 62.21, 61.82 and 58.28 respectively. For the first and second quarter, the stock prices increased 3 and 5 points with an average closing stock price for the first quarter of 63.15 and second quarter of 69.27. The average closing stock price at this point in the third quarter is 75.47.
For more information on PNC, visit pnc.com
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