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Now is the time to prepare for the FedNow launch

Independent Banker

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Payments 244
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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News

PYMNTS

The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker). Of the 94 million U.S.

Google 129
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Getting Mobile Ready

Independent Banker

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. This can include images, videos, audio, text, and other digital content.”

Examples 221
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2021 GonzoBanker Awards

Gonzobanker

Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3%

Fintech 143
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FinovateSpring 2016 Live Blog – Day 2

William Mills

Not just for video games… okay, you have my attention. Started talking about the challenge of having to change credit cards all the time (due to fraud). This is an extension of business services, powered by a local community bank. This certainly adds a lot of technological capacity to the community bank. Virtual reality?

Video 40