article thumbnail

Community FIs Battle Against Low Interest Rates To Help SMBs Thrive

PYMNTS

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Community 193
article thumbnail

How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. A case in point: the First National Bank of Hallstead… now Peoples National Bank (see photo). When the bank opened in 1905, Hallstead was already a thriving community.

article thumbnail

Widespread Corporate Hacking Lands Two Russians In Prison

PYMNTS

Two Russian nationals have been handed prison sentences for their roles in hacking corporates and financial institutions (FIs) in the U.S., The two were part of a larger group that stole online credentials, personal information and credit and debit card numbers between 2005 and 2012. Bloomberg reported this week. While the U.S.

article thumbnail

Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Offering additional non-postal products and services at USPS retail facilities could provide consumer, government or community benefits, but viability may be limited,” the report states. France’s postal operator, La Poste Group , established a bank in 2005 to provide banking services through its retail facilities.

Retail 169
article thumbnail

Kleptocracy & Foreign Public Corruption: New FinCEN Red Flags

Abrigo

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Riggs Bank never recovered from the financial and reputational damage and was acquired shortly after, in 2005, leading to the nationwide de-risking of foreign embassy accounts.

Training 195
article thumbnail

Ripple Effects: Mobile Payments Are Just The Beginning

PYMNTS

One where grocery stores, restaurants and eCommerce can deliver anything and everything to your home almost instantly by drone, payments are automatic, doctors do house calls, people communicate by FaceTime and most of the labor force works remotely. These robots are the creation of Symbotic LLC, which is owned by billionaire Rick Cohen.

Mobile 100