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Retailers Ask The Fed For Real-Time Payments

PYMNTS

The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

Retail 139
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

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Banana Republic Gives $20M In Clothing To Disadvantaged

PYMNTS

The fashion retailer will partner with nonprofit Delivering Good , which works to pull in retailers, manufacturers, foundations and individuals to support those in impoverished or low-income situations, according to the release. “This donation will have such a positive impact on men, women and disadvantaged young adults.”

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

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Groupon Goes Local And Uptown

PYMNTS

In an effort to help promote local businesses for National Small Business Week next week, Chicago’s Uptown Chamber group Business Partners joined up with Groupon for a community event called Discover Uptown Collection. Through this joint effort, the intention is to celebrate local merchants on the city’s picturesque lakefront.

Chicago 108
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CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. This article explores the risk and what to do about it.

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Macy’s Continues Testing Of Lockers

PYMNTS

The retailer is continuing to test the lockers through an installation at a New Jersey store per a tweet from a Fortune writer, industry news source Chain Store Age reported. Shoppers can find the lockers adjacent to the retailer’s “At Your Service” counter at the New Jersey location.