Abstracts » Business, regional

Tale of the tape

Article Abstract:

Mellon Bank Corp. and PNC Bank Corp. are the two biggest banks in Pittsburgh, PA. With assets of $75.9 billion and market capitalization of $14.6 billion, PNC has $150 billion assets under management. Mellon, with market capitalization of $16.4 billion, has $47.5 billion assets and $350 billion assets under management. The 10,000-employee Mellon, which leads PNC in bank branches, 123 to 112, has 28.2% market share in the five-county area of Allegheny, PA, Beaver, PA, Butler, PA, Washington, PA, and Westmoreland, PA. The 8,100-employee PNC, with a 23.2% market share in the area, has 300 ATMs compared with 248 of PNC.

Comment:

Is 1 of the biggest banks in Pittsburgh, PA, with assets of $75.9 bil & market capitalization of $14.6 bil

Strategy & planning, Pennsylvania, PNC Financial Services Group Inc.

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New ATMs protect walk-away customers

Article Abstract:

Mellon Bank is replacing its motorized card reader ATMs with dip-reader machines to eliminate the problem of absent-minded customers leaving their cards inside the ATMs. In contrast to conventional ATMs which capture cards during the course of the transaction, users of dip-reader machines only need to dip their cards into the machines. Dip-reader machines allow only one transaction at a time, which eliminates the possibility of someone to steal from an account if a customer forgets to answer the "Do you want another transaction?" prompt.

Comment:

Is replacing conventional ATMs with dip-reader machines to eliminate the problem of absent-minded customers leaving cards behind

United States, Marketing procedures

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