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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

PYMNTS

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. 1 when City National Bank of New Jersey closed its three branches. The most recent failure was on Nov. Elavon Spends $300M For Sage Pay.

System 100
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To Branch or Not To Branch: Here Is The Answer

Jeff For Banks

Vernon Hill, legendary leader of the former Commerce Bank in Cherry Hill, New Jersey, took advantage of the last time bankers were contemplating the future of branching by beating them over the head with his high profile and rapidly expanding branches. The Financial Brand did a showcase piece on innovative branch designs.

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The Elephant in the Room: Branches

Jeff For Banks

The recently released FDIC Summary of Deposits showed the second year of branch decline. The poster child of this concept is Commerce Bank of Cherry Hill, New Jersey which was acquired by TD Bank (see photo). That''s right. old people letting their fingers do the walking.