article thumbnail

8 Lessons From The Jamie Dimon Shareholder Letter

South State Correspondent

As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. of the nation’s business banking within its consumer and community banking division (this division serves small businesses and individuals).

Community 195
article thumbnail

ICBA Bancard And MK Decision Team For Loan Approvals

PYMNTS

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

Insiders

Sign Up for our Newsletter

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

article thumbnail

ICBA Partners With CardinalCommerce For Cardless Authentication

PYMNTS

ICBA Bancard , the payments services unit of the Independent Community Bankers of America (ICBA), announced Wednesday (Sept. In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As

article thumbnail

FinTechs Help Banks Ease The PPP Lending Pain

PYMNTS

When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase, had been able to begin accepting applications — Bank of America saw a whopping $6 billion worth of applications in only a few hours, ending Friday with $32.6 Small businesses overwhelmed U.S. billion in applications.

Lending 245
article thumbnail

Bank of America Gets Crypto Patent

ABA Community Banking

An increase in the likelihood that businesses may use crypto currencies for transactions Feature Technology Branch Technology/ATMs Feature3 Fintech Bank Performance The Economy Financial Research Management Financial Trends AML & Fraud Cyberfraud/ID Theft Community Banking Commercial.

America 40
article thumbnail

Faster Payments – FedNow is About to Change the Game for Banks

South State Correspondent

The combination of RTP and FedNow will allow providers, such as correspondent banks, to offer both rails to provide a more expansive network reach and redundancy. Community bank customers will only have to agree to an irrevocable instant payment, and payment providers will route the payment to the fastest, cheapest, and most stable network.

Payments 370
article thumbnail

The Three Things Every Digital-Card App Needs

PYMNTS

Morgan Chase, Bank of America, etc. — and the digital challenger banks. By contrast, he said he believes community banks run the risk of being left behind unless they partner quickly and wisely with the right technologists and raise their digital game.

Cards 334