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The Future of Checks – Tales From The Crypt

South State Correspondent

While this number varies widely by banks, on average, we estimate that about 15% of the fixed branch and ATM costs, plus the support staff, should be allocated to check handling based on time-on-task. In addition to the logistics of check clearing and the availability of fraud, settlement is no easy feat. That is an expensive item.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.