Independent Banker

FEBRUARY 28, 2023

Photos by Luke Copping Photography BankOnBuffalo has hit the road with its new mobile bank, BankOnWheels, to meet the needs of underserved communities. We are providing banking options in areas that have been known as ‘bank deserts,’ which is very important to us as a community bank.” By William Atkinson Name: BankOnBuffalo Assets: $1.1

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NCR

MARCH 17, 2016

Skimming, shimming, sniffing …no they’re not symptoms of the latest flu bug but this outbreak is equally as unhealthy for the ATM community. ATM attacks and crimes have been extremely active over the past year. has led many financial institutions to become more aggressive in their deployment of skimming security solutions.

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PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Innovating The ATM Beyond Cash. Consumers expect secure and fast access to digital tools. It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news.

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Maine ATM Innovation Millennials 130

NCR

DECEMBER 18, 2017

Community banks are an integral part of the US banking system. In the US, a community bank is typically defined as one with assets of less than $1 billion – and for many people a local credit union or community bank is often the first choice when opting for a financial services provider. Why does all this matter?

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NCR

MARCH 14, 2018

Recently, concerns were raised in the UK about the potential for many of the country’s free-to-use ATMs to disappear, following proposed changes to the way that they are operated. Ron Delnevo, executive director for Europe at the ATM Industry Association, was one voice who warned of the risks this poses.

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PYMNTS

DECEMBER 26, 2019

Red Hat, which launched in 1993, specializes in Linux operating systems — an alternative to Microsoft’s proprietary software. The heart of the embrace and appeal of open-source technology is the need for speed, and to evolve use cases for end users (consumers and enterprises) in a more robust and secure fashion. Security Concerns.

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Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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NCR

APRIL 8, 2016

With over 3 Million ATMs now installed globally, thankfully most of us don’t have to venture far. The current ratio of ATMs compared to population is 420 per million (source: Retail Banking Research – Global ATM Market and Forecasts to 2020). Wells Fargo operates a pair of NCR ATMs at McMurdo Station near the South Pole.

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PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy.

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Independent Banker

AUGUST 26, 2015

Expanding IT security safeguards to cover physical devices. 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.

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PYMNTS

MAY 3, 2019

There is so much operational efficiency,” he said. IMPS and UPI are proving to be game-changers for India’s migrant community, Pai said, as FIs are able to connect to these networks and offer fast transfers. Workers’ anxieties don’t just involve speed and security, however. The speed is immense.” . A Remittance Game-Changer.

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PYMNTS

NOVEMBER 13, 2020

Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. Operations Dan Hicks discussed how the collaboration boosts inventory visibility, and how the technology and regulatory landscape are evolving to tackle additional friction points in B2B payments workflows.

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Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. But for most community banks, building a trustworthy brand isn’t a conscious effort.

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Community Community Bank social media Security 139

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. MoneyPass — surcharge free ATM network. ICBA Services Network.

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Community Bank Community Compliance Lending 70

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The dark web communities allow people to network.”. In fact, chances are that he helped create it.

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PYMNTS

MARCH 7, 2019

As Red Hat ’s Global Director of Financial Services Richard Feldmann explained, the heart of the embrace and appeal of open source technology is the need for speed, and to evolve use cases for end users (consumers and enterprises) in a more robust and secure fashion. Making Old ATMs New(ish). said Feldmann.

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Independent Banker

DECEMBER 13, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

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Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

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Tools Community Community Bank Security 70

Cisco

APRIL 26, 2021

. “I’ve been a customer of the bank since 1954 when I earned my first money – that was twelve D-Marks and 32 pfennigs,” recalls a long-established citizen from Obergeis in the Hessian community of Neuenstein. The customer switches to a secured video conference at the push of a button. Safety is a top priority.

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Jeff For Banks

FEBRUARY 23, 2013

Participate in community events and represent the FI within the community. Join one community organization consistent with FI strategy and employee interests/values and be active in the organization''s leadership. Maintain system security. Run the FI in a safe and sound manner. Implement selected systems.

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Training Leadership North Carolina Resources 86

PYMNTS

FEBRUARY 13, 2017

The new automated banking centers feature the option to use an ATM or video chat with employees at other branches, according to BoA spokeswoman Anne Pace. Bank of America opened 31 new branches in 2016 and, as of today, operates 4,579 financial centers. that feature no human employees — except those accessed via a screen.

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South State Correspondent

OCTOBER 25, 2023

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. The Problem with Check Processing – Bank Perspective From the bank perspective, check processing takes labor and fixed asset expenses in the form of branches and an ATM network.

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Fraud ATM Payments Management 195

South State Correspondent

JUNE 27, 2023

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. For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods.

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PYMNTS

MARCH 13, 2020

Investment rounds poured in across Asia, North America and Europe, with a Chinese “corporate wallet” securing the largest investment of the week. In doubling its Series A funding round, Germany’s FinCompare secured an additional $13.4 Below, PYMNTS rounds up the latest B2B FinTech venture capital funding rounds. FinCompare.

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Independent Banker

JUNE 29, 2015

Interactive video ATMs draw attention as an alternative retail delivery option. ATMs with video connections to bank staff in a centralized back office have been getting a lot of buzz within the industry. Video ATMs are roughly 1.5 By Katie Kuehner-Hebert. James Johnson, PCSB Bank.

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Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes. GenAI use case for fostering relationship banking Abrigo client BAC Community Bank in Stockton, Calif.

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Examples Fraud Resources Risk Management 221

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). We believe we can effectively compete as a community bank in our market area and the niche markets we serve. Department of Agriculture.

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Strategy Texas San Antonio Fort Worth 101

William Mills

MAY 11, 2016

Diana Chin (HR & Operations). It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security. Customers can store all of their online profiles in one secure location to improve user experience. Adds in Social security. Virtual reality?

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Video Mobile social media Analytics 40

Independent Banker

NOVEMBER 13, 2014

Here are five technology terms, concepts and activities that community bankers are likely to hear more about and possibly apply in the coming months. Those touch points include branches, online banking, call centers, ATMs, mobile banking, email and instant messaging, and now social media platforms. Omnichannel. Technology as a Service.

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PYMNTS

JANUARY 1, 2021

Smart ATMs are being leveraged en masse to provide a similar range of banking transactions as can be accomplished by human tellers, and many banks are also deploying virtual video meetings so customers can interact with bank staff without leaving the comfort and safety of their homes. Digital Identity.

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Trends Video Retail Payments 259

CB Insights

AUGUST 23, 2018

The deposits function includes Chase QuickDeposit (digital check deposit) as well as Chase’s new service, cardless ATMs. By using near-field communication (NFC), physical cards are no longer needed for Chase customers to use ATMs. Chase offered 75K bonus points for financing a mortgage with the bank.

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Cards Mobile Strategy Branding 76

Fintech Labs Insights

JANUARY 8, 2017

The company announced last month that it has signed a memorandum of understanding with fellow Finovate/FinDEVr veteran Fidor Bank ( F11; FD16 ) that will make Token’s software available within Fidor AG’s digital banking and open community middleware technology, Fidor OS. Wealth Management and Investing.

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Fintech blockchain Technology Lending 12

PYMNTS

MAY 16, 2016

About a year ago, Walmart SVP and Assistant Treasurer Mike Cook referred to then-forthcoming EMV rules as “a joke,” noting that the signatures required at the end of the transaction essentially invalidated any potential security advance offered by the chip card. A few days ago, we declared the revival of Operation Icarus.

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Google Data Policies Lending 101

Jeff For Banks

FEBRUARY 21, 2015

Because branch staff are too busy with operational duties to go out into the community and pro-actively hunt for business. The bank security officer set me straight. If your staff is highly capable at ATM replenishment but cringe at the thought of speaking to a small business owner about a sweep account, read on… 2.

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Training Strategy Branch Strategies Management 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. We are in awe. Seriously in awe.

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Lex Sokolin

SEPTEMBER 23, 2020

Chime has built a pipe between Apple’s operating system (or Android) and The Bancorp, and captured a market of people using the iPhone that need access to credit. You can think of these things as vending machines or ATMs that deliver different financial services functions (e.g., An arbitrage between Apple and commodity banking capital.

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Capital Software Lending Apple 52

PYMNTS

APRIL 15, 2020

The FBI joined the departments of Homeland Security, State and Treasury in issuing a joint advisory on Wednesday (April 15) about increased cyber threats from North Korea. has also blamed North Korea for the 2014 Sony Pictures breach , the 2016 Bangladesh Bank cyberheist , the 2017 WannaCry attack and the 2016 FASTCash campaign aimed at ATMs.

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