article thumbnail

A community bank-fueled payments rail

Independent Banker

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Julieann Thurlow, CEO of $730 million-asset Reading Cooperative Bank in Reading, Mass.,

article thumbnail

Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients

The Financial Brand

A small Florida bank seeks to fill a niche by serving riskier businesses — nationally — that other financial institutions shy away from. The post Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Visa Expands Fast Track Program To Give FinTechs A Post-COVID Digital-First Edge

PYMNTS

Among Visa's partners are Alipay, mPesa, Tencent, Bitcoin (and other cryptocurrencies). It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. Creating The Digital Community Bank. Building A Faster Fast Track .

Fintech 184
article thumbnail

The Future Of Payments Beyond The Pandemic

PYMNTS

He said community banks and credit unions (CUs) have tended be on the trailing edge when it comes to digital. Visa and Mastercard and the card brands in the last two years have made more updates and changes to their chargeback rules and technologies than they did in the previous 25 years,” he told Webster.

Payments 172
article thumbnail

New Competition Forcing Smaller Banks to Try (Almost) Anything

The Financial Brand

The post New Competition Forcing Smaller Banks to Try (Almost) Anything appeared first on The Financial Brand - Banking Trends, Analysis & Insights. But the unwillingness to reconsider branch dependency could be a millstone.

article thumbnail

The 2022 GonzoBanker Awards

Gonzobanker

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Goes to Frank Sorrentino of Connect One Bank , who humorously and insightfully defined his bank’s move into Florida as the “6th Borough of New York.”. merges with Lakeland Bancorp.

Community 216
article thumbnail

The 2023 GonzoBanker Awards

Gonzobanker

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. This is a team that we don’t believe sleeps.

Fintech 195