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Finance

Finance

BBVA-Compass-Free-Checking-Debit-Card

Around seven years ago, in the wake of recently enacted regulatory changes, the availability of free checking accounts started a slow descent into oblivion as banks grappled with how to adjust business models.

Fast forward to today, and banks are still grappling with the issue, as evidenced by a recent bank’s announcement that it would be eliminating its free checking account and moving customers into an account charging a $12 monthly fee  – unless the customer maintains a direct deposit of $250 or more, or a minimum daily balance of $1,500

recurso resource credit cards

Owning a credit card in 2018 may become more lucrative, says BBVA Compass Head of Payments Jon Groch.

According to Groch, rewards – or more precisely, the proliferation of them – is one of the biggest trends for credit cards in 2018. Other trends, he says, underscore the same emphasis on the consumer, as well as strategies to differentiate and distinguish individual cards and credit card issuers from one another.

‘World Finance’ magazine has selected BBVA Bancomer as the Best Digital Bank in Mexico 2017, and its Bancomer Móvil app as the country´s Best Mobile Banking application.  These two accolades in the latest edition of the ‘World Finance Banking Awards’ recognize BBVA Bancomer ‘s ongoing efforts to promote digital banking in Mexico. They also underscore the challenge that the financial sector faces in using technology to transform the user experience.

In late 2017, the European Commission established a roadmap for deepening the European Economic and Monetary Union (EMU). The plan represented yet another step towards the economic integration of the EU, during a political year marked by the elections in the Netherlands, France and Germany and the Brexit negotiations with the United Kingdom. One of the most far-reaching proposals is transformation of the current European Stability Mechanism (ESM) into a European Monetary Fund (EMF). The year 2018 opens with the challenge of implementing this proposal.