OFG’s Oriental Cardless Cash First in Puerto Rico
April 18 2016 - 4:05PM
Business Wire
OFG Bancorp (NYSE:OFG) today announced that its Oriental Bank
subsidiary has become the first financial institution in Puerto
Rico to introduce “Cardless Cash” on its mobile app.
Customers can use their mobile devices, without the use of their
ATM / Debit card, to withdraw cash from the bank’s network of more
than 60 ATMs across the Island. A typical transaction takes 10
seconds versus 40 with a debit card. For added convenience, the app
can also locate the nearest ATM for making a withdrawal.
“Cardless Cash brings Oriental’s slogan Fácil, Rápido, Hecho
(Easy, Fast, Done) to life,” said Debbie Sabater, SVP Retail
Strategy for Oriental. “Today, a bank must be available at its
customers’ fingertips, anywhere and anytime they need it, not a
place where they have to go to get things done. As a result,
another 20% of transactions previously performed in our branches
are now done via Oriental’s ATM network.”
“Cardless Cash is the latest example of what we mean at Oriental
when we say vive la diferencia,” said José Rafael Fernández,
President and CEO of Oriental and OFG Bancorp. Other recent
enhancements providing increased convenience through Oriental’s ATM
network include making deposits without slips or envelopes,
immediate availability of cash deposits, and deposits made before
9:00 PM credited that day.
A pioneer and leader in banking technology in Puerto Rico,
Oriental has led the way with innovations such as My Status
(industry-first residential mortgage loan application tracking),
FOTOdepósito (photo deposit), People Pay (mobile person to person
payments), and Cuenta Libre (Freedom Account, for surcharge-free
access to ATMs).
About OFG Bancorp
Now in its 52nd year in business, OFG Bancorp is a diversified
financial holding company that operates under U.S. and Puerto Rico
banking laws and regulations. Its three principal subsidiaries,
Oriental Bank, Oriental Financial Services and Oriental Insurance,
provide a full range of commercial, consumer and mortgage banking
services, as well as financial planning, trust, insurance,
investment brokerage and investment banking services, primarily in
Puerto Rico, through 48 financial centers. Investor information can
be found at www.ofgbancorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160418006576/en/
For OFG BancorpPuerto Rico:Alexandra López,
787-522-6970allopez@orientalbank.comorUS:Steven Anreder,
212-532-3232sanreder@ofgbancorp.comorGary Fishman,
212-532-3232gfishman@ofgbancorp.com
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