South State Correspondent

OCTOBER 21, 2015

Yesterday was the first anniversary of Apple Pay while the past 60 days saw the release of Android Pay and Samsung Pay. It is important to understand your investment horizon, as if your bank plans on selling in the next five years, then why go through the cost and hassle of registering your cards on each platform.

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PYMNTS

JUNE 22, 2016

The list of banks and credit unions issuing cards that will work with the Apple Pay mobile wallet has once again grown. Another 44 banks and credit unions in the United States are now officially attending the Apple Pay party. It has been an active week for Apple Pay. Jersey Shore State Bank. Luzerne Bank.

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Jeff For Banks

MAY 7, 2016

Recent news of Prosper scaling back and OnDeck Capital's ongoing losses has taken a little shine off of the FinTech apple. Recently a former bank director and active bank stock investor asked me about the rise of FinTechs and how it impacts community banks. But the death of the community bank is exaggerated.

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Abrigo

MAY 20, 2015

While many bank and credit unions are consistently updating their financial technology behind the scenes to ensure smooth back-end processes, tech upgrades for consumer-facing products and services are increasingly important to customer satisfaction and retention. It’s a big job to keep up with the Apples of the world.

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Apple Comparison Mobile Innovation 150

Gonzobanker

SEPTEMBER 15, 2014

Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay as part of this week’s release of the iPhone 6. Apple shrewdly coopted its greatest weakness as an inexperienced new entrant. Where does it go from here? No one really knows.

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Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes. are now contactless.

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PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

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PYMNTS

MAY 27, 2020

And that is something that merchants, as well as community banks and credit unions, must be prepared for.”. For credit unions (CUs) and community banks serving those small businesses, partnerships can help speed up the process of providing financial services and to enable new payment flows for merchants. Getting Prepared.

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Independent Banker

OCTOBER 31, 2021

How Americans bank has been changing for years, including how they start their banking relationships. Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. In 2019, the two merged brands again under IncredibleBank.

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Independent Banker

NOVEMBER 30, 2022

Across the world, people are using super apps to send messages, purchase tickets and, of course, bank online. What are they, and how can community banks stay on top of this trend? Community bank considerations. So, what does this intersection of regulation and technology competition mean for community banks?

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Payments Source

JANUARY 30, 2020

What Google ultimately does with its Google Checking service for banks will have a major effect on how mobile payments at all levels — from point of sale, to e-commerce, P2P and bill pay — will move forward.

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Independent Banker

APRIL 30, 2022

Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines. On a practical level, what steps can community banks take to strengthen their back-office operations? Consider collaboration opportunities.

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Independent Banker

SEPTEMBER 30, 2021

Educated customers form stronger relationships with their community banks. When I first came into community banking, I quickly learned that our jobs are as much about education as they are about finance. While community bankers have deep knowledge of financial topics, most people don’t have that background.

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Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? PayPal was the first company to offer this service, but with the explosion of social media, Facebook, Zelle, Square Cash App, Venmo, Apple Pay, Google Wallet and Twitter all support the feature today,” sums up ICBA Bancard president and CEO Tina Giorgio.

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Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. If banking changed at the pace of technology, we would be out of business. Take Apple, Inc., What if Apple stuck with "plain vanilla" desktop computing. I doubt it.

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PYMNTS

DECEMBER 7, 2018

Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. First National Bank of Milaca. Grand Savings Bank. Greater Cleveland Community Credit Union. Greenleaf Wayside Bank. Hometown Community Banks. Village Bank.

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PYMNTS

FEBRUARY 19, 2018

With the advent of emerging FinTech startups, banks face some competition for payments. When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. Since Apple launched Apple Pay in the U.S., About two in 10 — or 17.8

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Payments Apple Comparison Virginia 144

Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

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Independent Banker

FEBRUARY 24, 2016

Quail Creek Bank develops its own Apple Watch app. Many of your community bank’s customers are using smartphones, and most smartphone users with bank accounts are using mobile banking. Community banks must improve their customers’ mobile banking experience to remain competitive with national banks.”.

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Independent Banker

OCTOBER 31, 2021

Measuring the success of your community bank’s campaigns can lead to greater ROI, increased conversion rates and a game plan for future initiatives. From mailers and e-newsletters to social media posts and events, there are countless ways to spread the word about your community bank and its offerings. By Taylor Hugo.

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PYMNTS

MARCH 11, 2020

Making the necessary investments is especially challenging for smaller community banks and credit unions (CUs), Good maintained. For a while, Starbucks had been the industry leader — but now Apple Pay, a merchant-agnostic payment, has pulled ahead with an estimated 15 billion transactions annually.

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Gonzobanker

SEPTEMBER 14, 2023

But that doesn’t mean bank execs can give up. We’re in an era where competitors include Square, PayPal, Apple and Chime, and they’re guzzling up customers. According to Cornerstone Advisors research, 47% of consumer checking accounts opened in 2023 are at fintech companies or online banks (not traditional banks).

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Independent Banker

OCTOBER 29, 2014

The latest twists came in September, when one of the biggest technology and payments events of the year featured the announcement of Apple Inc.’s s entry into the payments business with Apple Pay. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

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PYMNTS

OCTOBER 17, 2017

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Cole said that would kick open the door for others who have a reasonable interest in operating a bank. “If

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American Banker

JULY 14, 2023

The New Jersey institution has hired Jeanne Scungio, a veteran banker who ran First Republic Bank's New York operations, to oversee its expansion into the Big Apple.

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Social Assurance

JUNE 12, 2014

Industry experts love to create fear by comparing well-loved brands like Apple to the industry they have. In the past few months I have heard conference speakers theorize about Apple entering markets from food production to healthcare and of course, financial services. Trusting your music to Apple made a lot of sense to consumers.

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NCR

MAY 9, 2017

Most community banks and credit unions have only one app, their banking transaction app. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

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Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? In the above blog post, I discussed Apple and Bank of New York Mellon. Sticking with the Apple theme, in 2007, they launched the iPhone. The iPhone represents 62% of Apple sales. Did I get caught up in the change-or-die crowd?

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Jeff For Banks

JULY 28, 2021

. ~ Jeff The Squared Away book tour appearances: Banking With Interest podcast hosted by Rob Blackwell (formerly managing editor at American Banker) and Interfi: ?Banking The Financial Brand And please consider reading the book: Squared Away-How Can Bankers Succeed as Economic First Responders.

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American Banker

MARCH 16, 2016

To improve their image, banks need to emulate Apple and focus on every customer experience detail — in tech and in person. Research shows the more consumers interact with branch staff, the more they dislike the brand.

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Apple Customer Experience Branding Community Bank 28

Jack Henry

AUGUST 13, 2014

The community banks and credit unions have always been fighting “the good fight” for customers/members. These banks and credit unions are competing against the Chases and Bank of Americas of the world. These banks and credit unions are competing against the Chases and Bank of Americas of the world.

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Independent Banker

JANUARY 26, 2016

Cheering on business startups is about as American as apple pie, and with good reason. Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. This is a mindset shift for communities. By Judith Sears.

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Gonzobanker

OCTOBER 13, 2020

This fast pace has banks and credit unions contemplating how they can compete in this mobile “arms race” and what unique value smaller institutions can bring to the table. . With megabanks spending billions on digital investments each year, regional and community bank executives understand they cannot compete on resources.

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PYMNTS

JULY 17, 2020

He said that while small banks, credit unions (CUs) and regional players deeply fear being swept aside by the great digitalization wave that the pandemic has set off, their concerns aren’t actually unique to the financial industry’s smaller end.

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Abrigo

MAY 5, 2022

Weeding through banking podcasts to find gems. million podcasts in the world, you might find it daunting to weed through the lists on Apple Podcasts, Spotify, Google, or other platforms to find the best banking podcasts. Regular, Timely Episodes. Indeed, with 2.8

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NCR

JUNE 30, 2016

Headquartered in Miami, TotalBank is a leading, full-service community bank offering personal and business banking, lending, and wealth management services. The app is uniquely available on Apple Watch as well as all smartphones. First off, can you tell us a bit about TotalBank? Anything else you would like to share?

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Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. billion-asset, 85-branch community bank based in Rockland, Mass., is not typical.

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