Credit unions vs. banks: The battle rages on

first_img 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details The war between credit unions and banks may be one that never ends. But when it comes to the fight for members, it’s one credit unions would prefer to win. So how can credit unions come out on top? Let’s look at what credit unions do well while keeping tabs on the areas in which banks excel. Here are four statements that credit unions should keep in mind…Credit unions care more about their members: This one is easy. Banks are looking to make huge profits, and this isn’t a primary focus for CUs. Because of this, credit unions can offer lower rates on loans and credit cards and higher rates on deposit accounts. This is a huge factor for helping credit unions gain business.Banks tend to have better technology: Hey, don’t get mad. On the whole, you know it’s true. While some credit unions do a pretty good job of keeping up with the big boys when it comes to technology, a lot of credit unions have some catching up to do. Mobile banking, mobile deposit, and even something as basic as a functional website are some tech areas in which credit unions often lag behind. Technology equals convenience, and that’s something consumers care a lot about.Credit unions provide better service: One downside of technology is that there’s hardly a reason to go into a bank branch anymore. And when that occasion occurs, it’s probably not very likely that you’ll see any familiar faces. At smaller credit unions branches, you’re a lot more likely to see recognizable faces who know your name. That’s something special that you’re not likely going to get at Chase or Bank of America.Banks seem to be everywhere: Speaking of convenience, having local branches nearby can be very convenient. I had a friend who recently had to drive out of state to get a cashier’s check from his credit union in order to close on a new home. While he loves his credit union, he spent half a day doing something that could have taken 30 minutes at a regional bank. Obviously, there’s always exceptions. Some credit unions participate in shared branching and a lot of smaller banks only have a handful of branches.The positives that credit unions bring far outweigh the positives of banks in my opinion. But I think it’s important to remember that even when you do some things great, there are always areas in which you could be stronger.last_img read more

The cooperation between Booking.com and the Grab platform added fuel to the global race for dominance in the tourism sector

first_imgThe race has started, and it is on this track that new news and “gamechanger” from Booking.com come to us. In any case, the gloves were thrown away, and the race for the huge tourist market began. But the most important thing, the biggest benefit at the end of the whole story, is to get the users themselves who will have a better user experience. The imperative of the mentioned companies is to become a kind of full service for passengers, ie to use as many additional services as possible through one application / service, which complement each other through one trip. From travel, accommodation, public transport, excursions, restaurants, attractions and tourist facilities… all under the slogan one profile, one platform and one unified service. Southeast Asia is visited by 130 million people a year TRIPADVISOR TRANSFORMATION: THE MOST SELLING EXPERIENCES Thus, users of Booking.com’s application will be able to access the services of the Grab platform in Singapore today, in Indonesia and Thailand before the end of the year, and in Cambodia, Malaysia, Myanmar, Vietnam and the Philippines in early 2020. The question everyone is asking is: Why stay only in the accommodation service, when we can use our power and large customer base and offer a much wider range of services to travelers. As a result, they all become direct competitors with each other and enter “someone else’s” yard. The gloves are thrown away. For the first time, the company is trying to offer on-demand transport, and with this move will connect international travelers visiting Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, Vietnam and the Philippines with drivers through an application they already know and trust. It will also remove language and currency barriers that can deter many visitors from using the services of local carriers. By the way, Grab is the leading provider of on-demand transportation services in Asia (Asian “Uber”) and is also the owner of the most famous mobile application in Southeast Asia. Today, the Grab app has more than 152 million mobile downloads and gives users access to over 9 million drivers, retailers and resellers. Grab also has the largest number of land transport drivers in the region, and since its founding in 2012, it has recorded 3 billion trips. Grab also offers the widest selection of on-demand transportation services in the region, and also offers a range of food and package delivery services, in 336 cities in eight states. This initiative synergistically unites the strengths of the two leading companies in the field of technology and travel and marks the first collaboration of Grab with a global online brand in the field of travel from the west with the aim of creating a local experience. AIRBNB FOR NOW REFUSES TO PARTICIPATE IN A NEW ACCOMMODATION RENTAL PROGRAM WITHIN THE GOOGLE SEARCH Bryan Batista, CEO of Booking.com’s transportation department, said: “This time is exciting, people are discovering new ways to explore the world around them. Both we and Grab are pleased to push the boundaries by bringing together our unique strengths to provide added value and provide passengers with real, tangible benefits. Our mission is as simple as it is ambitious, we make it easy for everyone to explore the world. Guided by this, we will continue to test and develop innovative products. By providing our customers with intuitive technology solutions, we give them the freedom to explore, with more choice and personalization than ever before.” AIRBNB ABOLISHES GUESTS FEES TO MAKE MORE COMPETITIVE TO BOOKING It was only a matter of time before these technology giants and leaders in their sectors would use their power to embark on a much larger portion of the tourism pie that is growing year by year. RELATED NEWS: If you are not up to date, read a couple of related news on this topic, attached below. VIDEO: Announcement of cooperation between Booking.com and Grab / Photo: Booking.com AIRBNB AND 23ANDME ASSOCIATE TO POPULARIZE GENEALOGICAL TRIPS GOOGLE BECOMES A STRONGER PLAYER ON THE STAGE OF ONLINE TRAVEL AGENCIES GOOGLE INTRODUCES PRIVATE ACCOMMODATION RENTAL OPTION WITHIN ITS HOTEL RESERVATION APPLICATION BOOKING.COM ENTERS IN PARTNERSHIP TO ENABLE FLIGHT RESERVATIONS IN 7 EUROPEAN COUNTRIES TRIPADVISOR PLANS TO INTRODUCE A LOYALTY PROGRAM TO WIN THE BATTLE AGAINST GOOGLE TRAVEL Interestingly, 70% of the world’s on-demand transport activities take place in Asia, and Southeast Asia and its love of mobile technology are the logical ground for a new challenge of on-demand transport. WiFi networks are already more or less ubiquitous in this region, and smartphone use is projected to triple before the end of 2021. Namely, booking.com, in cooperation with the Grab platform, is introducing an on-demand transport service, giving users of Booking.com’s application access to the largest selection of drivers in 8 Southeast Asian countries. The integration of transportation services, at the request of the Grab platform, into Booking.com’s application is part of a broader strategic partnership between Booking Holdings and Grab. Booking Holdings is investing in Grab, and Grab, in collaboration with Agoda and Booking.com, has introduced hotel reservations directly in its app. HOTELTONIGHT APPLICATION BECAME PART OF AIRBNB Southeast Asia is visited by 130 million people a year, and the collaboration between Booking.com and Grab will provide them with the tools they need to travel as locals, from cashless payments through apps in users’ currencies that are critical to tourists, driver safety. customer service in the language of the user and most importantly all-in-one service – accommodation booking and taxi services through one platform. In the past year, an intense and large global race has begun between Booking.com, TripAdvisor, Airbnb and Google, which have begun to expand the range of their travel services to their customers. Booking.com users can already pre-book taxis in more than 120 countries and rent vehicles in more than 160 countries. Also, although it is still a pilot project, they can purchase and use public transport tickets in six European and Australian cities via the Booking.com app. Collaboration of Booking.com and the Grab platform BOOKING.COM LAUNCHES INDEPENDENT RESERVATION AND ATTRACTIONS WITHOUT THE NEED FOR PREVIOUS HOTEL ROOM RESERVATION BOOKING.COM LAUNCHES BOOKINGSUITE APP STORE. GAME CHANGER IN THE TOURISM SECTORlast_img read more