Abrigo

JUNE 4, 2024

Takeaway 2 The panel encouraged banks and credit unions to change their approach to compliance and technology, getting compliance involved sooner in new initiatives to encourage safe innovation. Takeaway 3 Attracting new and younger customers is a top priority for community financial institutions.

Compliance 222

Compliance Community Bank Community Conference 222

PYMNTS

JULY 31, 2020

We have deep dives into cloud technology for financial institutions (FIs), debit cards and a potential credit card default crisis. Synchrony CEO Warns Of US Credit Card Default Crisis. Richard Davies is leaving his position as chief executive of Revolut , the digital banking company, one year after coming aboard.

Cards 142

Cards Technology Apple Digital Banking 142

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Strong balance sheets in key areas like credit card debt ($64.4

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

OCTOBER 21, 2020

Lumin Digital offers customized integrations to help banks and credit unions enhance their relationships with customers and members. . Jeff Chambers, founder and president of Lumin Digital, said the company is happy to have Interra’s confidence as a digital banking partner. .

Digital Banking 150

Digital Banking San Francisco Indiana Analytics 150

American Banker

NOVEMBER 20, 2020

Daylight's initial product lineup includes a prepaid debit card with the customer’s chosen name and educational content around issues unique to LGBT households.

Digital Banking 78

Digital Banking Community Cards Banking 2020 78

PYMNTS

OCTOBER 14, 2020

On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. The bank said that was predominantly due to increased consumer spending. Wells Fargo also saw heightened debit card usage during Q3. Debit card point-of-sale purchase volume hit $102.9

Cards 206

Cards Operations Report Mobile 206

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. percent for community FIs in the U.S. Confronting Digital Banking Reality.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. This has changed dramatically in recent years as consumers’ financial lives have migrated to the digital realm. In contrast, national bank customers are less likely to switch FIs, with 25.9

Regional 241

Regional National Cards Mobile 241

PYMNTS

MAY 28, 2020

Hispanic immigrants access digital banking services, according to a press release. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. We are challenging the status quo to ensure immigrant communities get fair and secure financial options.”. Less than half of U.S.

Mobile 248

Mobile US FDIC Survey 248

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Revenues were $26.2 percent year over year.

Cards 109

Cards Mobile Community Bank Conference 109

PYMNTS

NOVEMBER 2, 2020

After all, what counts as a bank or not is a little bit different in India than it is in the United States, he said. Agashe said the 50,000 very small community banks and credit unions (CUs) spread throughout India’s rural regions don’t count as “banks” in the official tally. or ‘Why don't you put in an ATM?’

Fintech 210

Fintech ATM Community Bank Cards 210

PYMNTS

DECEMBER 14, 2020

DasherDirect is issued by Stride Bank and powered by Payfare. The platform offers drivers a mobile banking app and a business Prepaid Visa Card, along with new rewards. Dashers can choose to have earnings automatically added to the card every day at no cost. A nationwide launch is planned for early next year. .

Tools 238

Tools Washington New York Maine 238

Chris Skinner

JULY 20, 2017

One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint. First, there is the fastPay Wallet.

social media 292

social media ATM Innovation Digital Banking 292

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion.

Cards 131

Cards Data Training Community Bank 131

PYMNTS

NOVEMBER 18, 2020

It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. An example of one such Fast Track FinTech is Daylight — a neo-bank designed to redefine the concept of community banking in the digital age.

Fintech 184

Fintech Community Community Bank Meeting 184

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion.

Cards 130

Cards Data Training Community Bank 130

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

Trends 140

Trends Payments Community Bank Texas 140

PYMNTS

NOVEMBER 26, 2019

Many card-based solutions have recently debuted, aimed at helping businesses to more easily track expenses, and gain insights into how company funds are spent in the field. The solution also allows managers to set limits on how much money can be spent with the cards, and cancel or freeze them at any time, if necessary. Yordex , a U.K.-based

Tools 141

Tools Boston Cards Management 141

Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

Community Bank 170

Community Bank Community Software Innovation 170

PYMNTS

JULY 28, 2020

PYMNTS’ July 2020 Credit Union Innovation Playbook , done in collaboration with PSCU , surveyed 100 credit union (CU) executives and CEOs to learn how the highly interdependent CU/CU member community has succeeded — and sometimes failed — to innovate for digital demand. As these communities struggle, so, too, do their CUs.

Innovation 140

Innovation Community Cards Fraud 140

PYMNTS

SEPTEMBER 8, 2020

Falkland Islands businesses have leaped forward in their digital banking capabilities under a recent partnership, which was announced on Tuesday (Sept. Among the points noted in the news release: The Falklands are 8,000 miles from London and penguins outnumber people by 100:1 there; the islands have only one ATM and one bank branch.

Payments 166

Payments Community Cards ATM 166

PYMNTS

OCTOBER 8, 2020

Revolut is launching its Goals functionality for its Junior savings card and app that inspires youth to save money. Americans Pull Back On Credit Card Borrowing. 7) that Americans reduced their credit card balances in August for the sixth straight month. has reportedly cut over 700 positions in commercial banking.

cryptocurrency 246

cryptocurrency United States Cards Report 246

ZootBlog

FEBRUARY 12, 2016

How long should it take to add your spouse to your bank account? However, it took one full hour to accomplish this simple task at my local community bank where I have been a customer for more than a decade. Additionally, Bank of America plans to triple the budget for their digital banking initiatives in 2016.

Community Bank 63

Community Bank Community Technology ATM 63

PYMNTS

DECEMBER 10, 2019

“Our team worked in close coordination with the Lumin Digital team to execute a well-orchestrated conversion for our members. We look forward to continued success with Lumin Digital as our trusted digital banking partner.” .

Security 130

Security Illinois User Experience Digital Banking 130

PYMNTS

JULY 16, 2019

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Other consumer lending, excluding credit cards , was down 6 percent year on year to $352 billion.

Mobile 108

Mobile Cards Community Bank Conference 108

PYMNTS

JULY 16, 2020

The bank boosted reserves even as the firm’s active mobile banking users rose 9 percent to 30.3 Active digital-banking users likewise grew 5 percent to 39.3 And on the downside, Bank of America said combined credit/debit card spend fell some 10 percent when compared to a year ago. consumer cards vs. $93.6

America 144

America Mobile Cards Community 144

PYMNTS

AUGUST 9, 2020

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. Agora SMB will offer its users new options for unlimited plastic and virtual cards for employees.

Tools 168

Tools Community Bank Community Taxes 168

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 However, it is a quickly changing industry, thanks to digital banking. CUs are working to build community ties, especially during the holiday season. 19 Statistical Release, “Consumer Credit,” recently found that CUs hold $64.4 billion in car loans, a 6.9 percent and 4.1

Data 131

Data Lending Michigan Regulation 131

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. That brings [smaller] banks an immediate string of deposits,” Good said.

Community Bank 116

Community Bank Community Operations Leadership 116

PYMNTS

JULY 19, 2017

Starling Bank, the digital-only U.K. bank, has now added Apple Pay support as an online payment method, which means customers can add their Starling debit card to Apple Wallet. Starling Bank is the latest of a string of banks in the U.K. The digital bank says it will be the first in the U.K.

Apple 100

Apple Virginia Florida Online 100

PYMNTS

MARCH 2, 2020

Verdigris touts cost savings with its “banking in a box” model, which means a consolidation of banking jobs like internet and mobile banking, deposits, loans and payment solutions, among other things. As the banking world continues to evolve, digitization has become a focus in order to draw in more customers.

Software 151

Software Community Bank Community Digital Banking 151

PYMNTS

APRIL 12, 2019

Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise of digital banking, the bank posted first-quarter results that topped expectations. a share, topping the Street by 30 cents.

Mobile 108

Mobile United States Cards Community Bank 108

Chris Skinner

JULY 3, 2017

There are almost 20 million users of mobile banking across the UK in 2016, making 159 logins every second. People are increasingly using banking apps to access a broader range of services such as savings, credit cards and mortgage/investments accounts, rising by 30%. Nearly two-thirds of cards are now contactless.

Mobile 286

Mobile Cards Video Management 286

PYMNTS

DECEMBER 28, 2020

Petersburg, Florida-based CUSO said its Enhanced Fraud Services initiative has already helped 10 credit unions combat fraud, including chargebacks stemming from instances of members’ payment card details being stolen and sold on the dark web. Canada’s largest community credit union has announced that it is expanding its commercial network.

North Carolina 197

North Carolina Houston Fraud Innovation 197

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Bad things about the banking industry. The Tiny Bank that Did It Award UBank of Texas.

Idaho 170

Idaho Community Industry Strategy 170

PYMNTS

NOVEMBER 19, 2020

Evidence suggests that one of the most effective ways they can continue to engage their member bases is to roll out personalized services, such as financial management and budgeting tools, card management options and targeted marketing initiatives. For more on these stories and other CU headlines, read the Tracker’s News and Trends.

Alabama 228

Alabama Meeting Fraud Trends 228

Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? Social payments have taken today’s digital environment by storm. Those behaviors may pose a real threat to community banks. Super apps like PayPal have about $3 billion stored in their digital wallet, and Cash App by Square has well over $1.5

Capital 94

Capital Payments social media Community Bank 94