Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge?

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

Banking 2020

MARCH 20, 2015

Will your phone replace an ATM card?: It’s hard to imagine going to an ATM and not typing in your PIN. Delivering More Than DIY Banking: While the DIY, or do-it-yourself, banking model may have worked in the past, today’s consumers expect technology to help them with all aspects of their lives and banking is no exception.

Community Bank 40

Community Bank Community ATM Innovation 40

PYMNTS

AUGUST 24, 2016

and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country.

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Puerto Rico Cards United States ATM 100

Independent Banker

FEBRUARY 28, 2023

billion-asset CNB Bank headquartered in Clearfield, Penn., We are providing banking options in areas that have been known as ‘bank deserts,’ which is very important to us as a community bank.” BankOnWheels evolved over several years as bank executives spoke with and listened to community leaders.

Mobile 91

Mobile Community Community Bank ATM 91

PYMNTS

JULY 14, 2020

Citigroup reported global consumer-banking revenues of $7.3 The bank reported an approximately $10.5 billion rise in credit reserves and a decline in cards purchase sales of 24 percent. North America consumer-banking revenues fell 5 percent year on year to $4.7 The bank reported reserve builds of $8.9 billion.

Cards 158

Cards ATM Report Community Bank 158

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. Deposits are not supported when using the ATM with Apple Pay. Jersey Shore State Bank.

Apple 102

Apple ATM Mississippi Indiana 102

Independent Banker

JULY 29, 2016

Big Savings—ICBA’s Dan Clancy and Travelers’ Laura Lundin hold a big check representing the $3 million dividend paid this year to community banking participating in the ICBA-Travelers property-and-casualty insurance Preferred Service Provider program. ICBA Bancard & TCM Bank, N.A. Travelex — prepaid cards.

Community Bank 70

Community Bank Community Compliance Lending 70

Gonzobanker

SEPTEMBER 21, 2023

NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. Card issuer and processor Marqeta acquired Power Finance , an embedded fintech credit card program. Finastra partnered with Glia for digital customer service.

Fintech 103

Fintech Software Illinois Lending 103

Independent Banker

FEBRUARY 16, 2015

With mobile banking and mobile payments the financial services topics du jour, vendors are promoting several features and functionalities as “must-have” options, but there are really only a handful that set apart the capabilities of one community bank over another financial institution, according to consultants.

Mobile 70

Mobile Community Bank Community ATM 70

Independent Banker

DECEMBER 13, 2015

Certain mobile functions and features are essential to the success of a community bank’s mobile banking offerings. Newfangled mobile capabilities could help community banks stand apart from their competitors. An ATM or branch locator is another standard mobile function. Funds transfer (within same bank).

Community Bank 70

Community Bank Boston Community Iowa 70

Independent Banker

NOVEMBER 24, 2015

Certain mobile functions and features are essential to the success of a community bank’s mobile banking offerings. Newfangled mobile capabilities could help community banks stand apart from their competitors. An ATM or branch locator is another standard mobile function. Funds transfer (within same bank).

Community Bank 70

Community Bank Boston Community Iowa 70

Independent Banker

AUGUST 26, 2015

With the prevalence and importance of Internet-enabled devices increasing nearly everywhere, community banks should remember to expand the scope of their security policies and network monitoring to cover their hardware, according to computer security experts. which specializes in serving community banks. Upping IT audits.

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ATM Security System Community Bank 70

Independent Banker

MAY 26, 2016

Examples of financial institution payment innovations include the development and introduction of Electronic Funds Transfer systems, such as ACH and wire transfers, credit and debit cards, ATMs, online access to services beyond the branch and online bill payment services.

Community Bank 70

Community Bank Community Innovation System 70

Independent Banker

FEBRUARY 16, 2015

With the rapid adoption and ongoing acceptance of banking with a smartphone and smartphone camera, the banking industry is poised for even more growth in mobile banking in the coming year. So what can community banks expect for mobile banking and mobile deposit capture in 2015?

San Diego 70

San Diego Mobile ATM Trends 70

Long Lasting Ideas

FEBRUARY 23, 2016

You could do the same, depending on the things that matter to your community. Stop by the table, make introductions and offer a business card. Conduct a contest with local high schools to create a mural on the building that not only tells the story of your community, but it gives your bank a chance to share its message.

Branding 40

Branding Alabama Community ATM 40

Gonzobanker

FEBRUARY 20, 2021

Additionally, the platform can be extended to include point of sale (POS) modules for consumer lending (credit card, loans and mortgages) and small business/commercial lending offerings. acquisition of ATM solutions provider Cardtronics is emblematic of how much ATMs, ITMs and POS hardware solutions are part of the company’s story.

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

Independent Banker

FEBRUARY 16, 2015

Here are two “executive playbook” steps to consider while preparing your community bank’s BSA/anti-money laundering risk assessment program. What are the specific products, services, customers, entities and geographic locations unique to your community bank? Step 1: Evaluate specific risk categories.

Analysis 70

Analysis Compliance Community Exercises 70

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

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Fraud ATM Payments Management 195

NCR

MARCH 6, 2017

A ‘table-stakes offering’ The Debit Issuer Study encompassed 72 FIs – including large banks, community banks and credit unions – and found that more institutions are making it possible for customers to complete point-of-sale (POS) transactions with a mobile phone.

Mobile 85

Mobile Payments Study Samsung 85

Fintech Labs Insights

SEPTEMBER 9, 2021

The banking partner is Middlesex Savings Bank , a Natick, MA-based community bank with $5.7B Debit card. ATM fees reimbursed. Booking.com is one exception, where the 6% cashback goes directly to your Novo card). Stripe ($20k in card processing volume, worth $500). Sub-account (called Reserve ).

Boston 15

Boston Cards ATM Community Bank 15

Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

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Community Community Bank social media Security 139

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Noninterest income includes income from such items as overdraft fees, service charges, loan origination fees, and ATM fees. Community banks target growth. Types of Noninterest Income.

Community Bank 195

Community Bank Community FDIC Trends 195

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Demo: Sezzle app with knowledge based authentication to link bank accounts. Chip card reader for when customers are shopping online to improve security. Verifies the card and pushes that information onto the merchant. Plus the 1% rewards.

Video 40

Video Mobile social media Analytics 40

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

System 195

System Data Examples Payments 195

Independent Banker

JANUARY 27, 2016

“It’s becoming more and more important for community banks to emphasize that they have the same products and services as large banks.” Eric Morse, Needham Bank. Mental cobwebs of outdated perceptions can sometimes be hard for a community bank to shake off. billion-asset community bank in Needham, Mass.

Community Bank 70

Community Bank Community Boston Branding 70

Abrigo

MAY 8, 2024

The American Banker/Arizent survey found that nearly three-quarters (72%) of community banks (those below $10 billion in assets) and 54% of credit unions reported they either have no plans to use generative AI or are still learning and collecting information on the technology.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

MAY 17, 2017

“But because of FIS’s work with community banks and businesses, we are partners ideally suited to work together, even if banking and sports aren’t a combination that immediately springs to mind.”. According to Legters, these are two sides with a lot to gain from playing ball together.

Payments 101

Payments Community Jacksonville Community Bank 101

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. THE BANKING AWARDS. It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. Community bank marketing resources. C’mon Man!’

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

CB Insights

MAY 15, 2019

It is also looking at integrating banking solutions into wearables and how the internet of things (IoT) could improve the customer experience. Notable projects: Card Free Access is a program developed out of the lab that allows Wells Fargo Banking customers to access ATMs through a variety of methods without their cards.

Innovation 78

Innovation blockchain Technology Groups 78

Gonzobanker

SEPTEMBER 5, 2017

They: Scaled back free checking (80% of banks offered it in 2009 compared to 38% today); Initiated new account fees, higher balance requirements and fewer debit card rewards; and. Increased their focus on credit cards that are not subject to the Durbin interchange cap.

Risk Management 60

Risk Management Compliance Survey Cards 60

PYMNTS

DECEMBER 23, 2019

Allendale County is among 44 “deeply affected” counties that lost half or more of their bank branches, according to the report. Allendale had lost a small community bank in 2014 after it failed, leaving it with a single traditional bank, called Palmetto State, as well as with SRP, a local credit union.

South Carolina 131

South Carolina Report US Georgia 131