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Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

“Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I You manage the misses. They don’t have VC funds. They know they can’t start a business by investing ahead of revenue.

Community 148
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Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Wire fraud incidents nearly doubled to 27 percent in 2014, from 14 percent a year earlier, according to the 2015 AFP Payments Fraud and Control Survey. billion-asset community bank. By Cheryl Winokur Munk.

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CFPB announces new appointments to advisory groups

CFPB Monitor

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. Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Community Bank Advisory Council Members. Jacksonville, FL.

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Can ‘Elective’ Fees Work For Retail Banks?

PYMNTS

Aspiration Bank is one of those innovators hoping to gain socially-conscious consumers via a pay-what-you-like fee structure — while also managing to please investors at the same time. The last such store closed earlier this year in Boston. We want to build a community around shared values,” Cherny noted.

Retail 116
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Talking in a Digital World

Independent Banker

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. Several retail service experts say it will apply to your community bank, if it doesn’t already.

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Getting Mobile Ready

Independent Banker

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
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18 Corporate Innovation Labs In Healthcare

CB Insights

” Here, a team of over 60 professionals in healthcare, design, IT, and project management work around a business strategy called design thinking. It delivers information in six key areas for visiting patients: About Mayo Clinic, About Rochester, Communication, My Health, My Visit, and Transportation. Founded: 2014.