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Update: First Niagara's Early Adoption Of Apple Pay Adds To Its Current Beautification Project

First Niagara Financial Group Inc. (FNFG) continues to make progress in its beautification project, "a comprehensive top-to-bottom re-design of our organization structure in order to streamline our company, be even more responsive to our customers and ultimately deliver a truly differentiated customer experience" (Source: FNFG Q4 PR), with its unexpected announcement of early adoption of Apple Pay (AAPL).

I recently opined that FNFG would continue to make its bank more attractive to both customers and investors by continuing to be brave in making operational adjustments and evolving the bank to more accurately reflect the new demands of the new banking world. With Apple Pay, FNFG now offers remote deposit capture, One-Swipe Balance and Popmoney - positioning it as one of the most digitally progressive banks in the SPDR S&P Regional Banking ETF (KRE).

I think this further underlines my bull thesis, and continues to add to the already strong… Read More …