06 Jul '11, 4pm

Banks find a new way to make money

Banks find a new way to make money

Banks are known for creative ways to raise revenues – ATM cash advance fees, in-person banking fees and more. A CNNMoney.com article reveals a new money making scheme, but this revenue generating venture doesn’t involve customer fees. Banks are selling shopping data to retailers and in turn, retailers are offering targeted sales and special offers to certain customers.

Full article: http://www.mnn.com/money/personal-finance/blogs/banks-fin...

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