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
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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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
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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