7.02.2016

In terms of digital pull-signals, does it surprise that, according to Market Watch, Starbucks "had $1.2 billion loaded onto Starbucks cards and the Starbucks mobile app as of the first quarter of 2016?"

The Starbucks figure exceeds the deposits at many financial institutions, including California Republic Bancorp ($1.01 billion), Mercantile Bank Corp. ($680 million) and Discover Financial Services ($470 million).

It shouldn't have, but it surprised me.

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