Financial Services (105)
From Facebook like to interest rate hike
Fidor Bank from Munich promises their customers they will increase their interest rate depending on the amount of likes they get on their Facebook page. The rate will go up by 0.1% for every thousand fans, though the maximum increase is set at 1.5 per cent in 2012.
Why it matters
The bank is seeking to gain attention, especially from potential new customers via social networks. But apart from this, is this a good way of getting a real return on investment for both customers and the bank?
“iWallet” is a hard case wallet, tamper resistant and can only be opened if it recognises your fingerprints. Using Bluetooth technology that connects to your mobile, an alarm goes off if both are about 10ft away from each other.
MiniBanco from Santander Totta are basic ATM terminals in small and medium-sized shops, coffee houses, restaurants and even pharmacies that reinforce the brand’s position in the small business segment. These ATM terminals allow bank clients (from any bank) to perform basic operations such as payments, mobile phone charges or money advances (the machine does not allow direct money withdrawals, but gives the client a receipt that allows him to get that money from the shop counter).