PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately.

Tools 141

Tools Boston Cards Management 141

PYMNTS

JULY 17, 2020

Los Angeles, Seattle, Boston, Phoenix, Dallas and New York City. Our community is counting on us to put their health and safety first,” said Angie Westbrock, vice president of global operations and head of Lyft’s COVID-19 Response Task Force, in a prepared statement. “By The company said it sells them to drivers at no profit.

Los Angeles 159

Los Angeles Baltimore New York City Guidelines 159

Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

MAY 27, 2020

The New York-based company owns and operates fast-casual restaurants including some Five Guys locations, Melt Shop and The Little Beet. . West Palm Beach, Florida-based TooJay’s Original Gourmet Deli, which operates 24 restaurants, has filed for Chapter 11 bankruptcy protection. restaurants to reopen, but the rest are at risk.

Florida 131

Florida New York New York City Delaware 131

PYMNTS

DECEMBER 9, 2019

percent through 2028, according to Boston Consulting Group. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. Revenue growth in the business payments sector is expected to grow by around 5.6 The company announced on Thursday (Dec.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

PYMNTS

AUGUST 4, 2020

“We appreciate the opportunity to partner with Falls Township officials, who are providing us with the approvals and support of this newly designed store format that will be of benefit to the community,” he added. The chain also operates stores in New Jersey, Delaware, Maryland, Virginia and Washington, D.C.

New Jersey 155

New Jersey Delaware Maryland Pennsylvania 155

PYMNTS

JUNE 15, 2020

Attorney Andrew Lelling in Boston. former manager of eBay’s Global Intelligence Center; Veronica Zea, 26, of San Jose, a former eBay contractor; and Brian Gilbert, 51, of San Jose, a former senior manager of special operations. The victims spotted the surveillance and contacted police, who launched the investigation.

San Jose 182

San Jose California New York City Massachusetts 182

PYMNTS

NOVEMBER 26, 2019

Bank Branch Closings Take Toll On Rural Communities. Rural communities with lower incomes or a higher percentage of minorities experienced the most closings, losing 1,553 bank branches in 794 counties, a decline of 14 percent. Urban areas, however, lost only 9 percent of offices in 802 communities. for $4 billion.

United States 130

United States Community Payments Massachusetts 130

PYMNTS

MARCH 16, 2018

The task force has been an important forum for bringing focus to our collective security dialogue, creating a foundation for ongoing collaboration on specific security topics,” Ken Montgomery, the Federal Reserve’s payments security strategy leader and chief operating officer of the Federal Reserve Bank of Boston, said in the release.

Security 100

Security Payments Boston Fraud 100

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

OCTOBER 19, 2020

More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

Maine 199

Maine Boston Branding Retail 199

CFPB Monitor

SEPTEMBER 21, 2020

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Clarksdale, MS).

DC 78

DC Mississippi Washington Oklahoma City 78

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic.

Maine 218

Maine Lending Pennsylvania Boston 218

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market.

Payments 244

Payments Boston System Operations 244

PYMNTS

FEBRUARY 7, 2020

RBS had the task of application development, food retail operations and technology connectivity, while UST Global and its partners provided the artificial intelligence (AI) solution and physical infrastructure. Staples is thinking creatively with a new store format that spotlights coworking, podcasting and community events.

Retail 143

Retail Dallas Massachusetts Technology 143

Jeff For Banks

JANUARY 11, 2014

According to a 2012 Boston College Center for Retirement Research study , 63% of American males (why only males I do not know) participated exclusively in defined contribution (DC) retirement plans in 2007, up from 47% in 1992. Could this need for personal financial management prove to be a viable niche for community financial institutions?

Boston 87

Boston DC Community Community Bank 87

PYMNTS

JANUARY 17, 2020

communities. That matters because as time goes by and existing cities become prohibitively expensive — think San Francisco, New York City and Los Angeles, with Chicago, Boston and other areas not far behind — many younger, well-educated consumers are making moves to exurban or even rural areas, or smaller cities. Expensive Cities.

Payments 131

Payments Los Angeles San Francisco New York City 131

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

PYMNTS

NOVEMBER 11, 2019

From an operational and risk perspective, we’ve handled the inflows smoothly, and without comprising our credit underwriting standards.”. According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. Amazon’s Big Robotics Investment . India, the U.K.

Apple 101

Apple Massachusetts Data Cards 101

PYMNTS

AUGUST 7, 2020

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov.

America 189

America Kansas City Payments Kansas 189

Abrigo

APRIL 1, 2015

While the larger banks are receiving the bulk of attention, boards at smaller, community banks are realizing that they’re not immune to this heightened attention. How complex is the bank’s operating model? These smaller banks have also seen new, and more frequent, attention from regulators. How is the management of risk overseen?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

MAY 15, 2020

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. This is welcomed news for community financial institutions. The Fed has recently announced the first arrests in connection with PPP fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Independent Banker

MARCH 15, 2015

Increasingly, more digitally connected consumers are saying yes to that question with their community bank. For many community banks, telephone calls still generate the highest volumes of customer service interactions. For many community banks, telephone calls still generate the highest volumes of customer service interactions.

Community Bank 70

Community Bank Community Operations Retail 70

PYMNTS

OCTOBER 12, 2020

Many of the Main Street businesses, which were once options for consumers, have closed or operate with limited hours and inventory,” Webster noted. And most of those restaurants, according to Wall Street Journal reports , will be small, independently operated locations. The Power of Persistence. It takes guts.

Retail 220

Retail Study Report Boston 220

PYMNTS

MARCH 17, 2017

With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player. Here is an excerpt of the conversation: PYMNTS: Can you describe your personal and professional experience with the tech community in New York City? DM: New York City has an amazing freelance community.

New York City 100

New York City New York Community Industry 100

CFPB Monitor

SEPTEMBER 21, 2015

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms. Kathleen C.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Community Bank Advisory Council Members.

San Antonio 60

San Antonio Kansas City Groups CA 60

CB Insights

SEPTEMBER 6, 2017

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

Maine 70

Maine Capital Rhode Island DC 70

PYMNTS

APRIL 20, 2017

Here is an except of the conversation: PYMNTS: Can you describe your personal and/or professional experience with the tech community in Charlotte? The first reason is that the tech community here has just really started to establish itself over the past few years, and we’ve become a name that has become associated with the growth.

Charlotte 118

Charlotte North Carolina Community United States 118

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

NOVEMBER 29, 2019

The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region. 25) that it will sell its StubHub ticketing operations to online ticket reseller Viagogo Entertainment Inc.

Google 129

Google Mobile Data Capital 129

PYMNTS

MAY 18, 2018

Or just to boo the Yankees (Boston-based baseball fans, mostly). Instead, John said, the MiLB and FIS are focusing on the operating concept of “it’s fun to be a fan,” and channeling their energies into rewarding those who come to games – and come to games often – with the ability to access an expanded menu of experiences while at the park.

Cards 115

Cards Community Boston Payments 115

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

Jeff For Banks

MARCH 26, 2011

It focuses on three strategy firms in particular: Boston Consulting Group ("BCG"), Bain & Company, and McKinsey & Company. In its entirety, I would suggest that it would be a very beneficial read for banking industry consultants, and a beneficial read for executives at community FIs. Management "fads" came and went.

Strategy 66

Strategy Report Boston Conference 66

Jeff For Banks

APRIL 9, 2011

Community FI''s are similar to other companies in their strategic decision making. One such firm is the Boston Consulting Group (BCG), creator of the Growth-Share Matrix that depicts the potential for a company''s products based on growth prospects and market share. How do you use analytics for critical decision making?

Boston 92

Boston Analytics Analysis Groups 92

PYMNTS

MARCH 22, 2017

And while the vision of appealing to a mature palate was clear to Marvil and Jones, when it came to actualizing their business idea, the strenuous process would take them down a long, winding road that started with mapping out the scale of their operation before finding the right real estate. “We Growing Thirst for Suds.

Maine 100

Maine Portland Massachusetts Denver 100

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Through all this, First Farmers has remained disciplined in performance and squarely focused on customers and community. Acronym of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147