Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.
As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage.
Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.
