Payments Dive

AUGUST 11, 2023

The card issuer looks at the Chatham call center and technology hub as a model for site selections, hiring procedures, customer service experience and community development.

Chicago 370

Chicago Community Cards Technology 370

Independent Banker

AUGUST 31, 2021

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

JUNE 17, 2019

To address a major pain point for the LGBTQIA+ community, Mastercard is introducing the True Name card. The product will allow for chosen names to appear on the front of the card, according to news from Mastercard. The company said that his discrimination has carried through to their payment mechanisms and cards until now.

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Cards New York City Community New York 213

PYMNTS

NOVEMBER 17, 2017

And yet, sometimes community banks, opt to stick to their lending knitting, forfeiting the potential to earn non-interest revenue and cementing their ties with both individual and corporate customers. One area of (overlooked) potential lies with credit cards.

Community Bank 115

Community Bank Community Cards Lending 115

American Banker

APRIL 16, 2024

Bellwether Community Credit Union's partnership with the New York ad tech firm Prizeout is working to build out gift card programs and generate added sources of non-interest income.

New Hampshire 86

New Hampshire Cards New York Community 86

PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. It’s a story told by the data itself, Lesher said. Square announced $1.3

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Cards Mobile Community Bank Community 224

Independent Banker

FEBRUARY 28, 2023

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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Community Bank Community Marketing Data 129

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

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Community Bank Community Fraud Texas 134

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Independent Banker

JANUARY 31, 2023

Community bankers and industry experts share how to best put this data to use. billion-asset First State Community Bank in Farmington, Mo. To use data effectively, community bankers need to balance the information with what they know to be true about their customers. All data creates a competitive advantage. The results?

Community Bank 91

Community Bank Community Trends Payments 91

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Course 202

Course Cards Capital Payments 202

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Use of a charge card similarly grew year over year from 23 percent to 31 percent.

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Cards Apple FDIC Samsung 167

South State Correspondent

MARCH 19, 2024

In a future article we will discuss how community bankers may structure their commercial loan products to maximize cross-selling and upsell opportunities. With proper tools and strategies, community bankers can upsell and cross-sell their products to maximize profitability. In banking, those numbers are markedly different.

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Community Bank Community Industry Cards 195

PYMNTS

JANUARY 25, 2019

Community banks could put more contactless cards into the hands of consumers with the help of the Independent Community Bankers of America (ICBA). million: The minimum number of payment cards that ICBA Bancard’s community bank customers have issued. And the demand for faster payments is strong in the U.S.,

Community Bank 116

Community Bank Community Data United States 116

PYMNTS

JANUARY 13, 2021

In the months to come, the retailer will roll out Synchrony-issued credit cards in addition to a prepaid debit card that will be fueled by the Mastercard network, according to a Wednesday (Jan. The credit cards will link up with myWalgreens , the retailer's new customer rewards program. 13) announcement.

Branding 186

Branding Cards Retail America 186

Payments Source

JANUARY 19, 2021

Smaller institutions are relying on an issuing system that gives away control over card programs, says Corserv's David Luther.

Community Bank 91

Community Bank Cards Community Payments 91

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. trillion by 2022. Paul, Minn.-based based Sunrise Banks, a $1.1

Cards 128

Cards Community Bank Community New York 128

PYMNTS

MAY 31, 2019

Families with multiple kids in such programs may need to spend $6,000 to $8,000 all at once, explained Rebecca Nystrom Brito, member development specialist at Community First Credit Union. Community First has been offering youth agriculture loans of $100 to $2,500 at 0 percent interest for five years.

Community 115

Community Lending social media Cards 115

Banking Exchange

AUGUST 21, 2019

Community banks are facing tremendous competitive pressures from regional, national, and global banks Technology Feature3 Fintech Feature Financial Trends Community Banking Customers Core Systems Branch Technology/ATMs Outsourcing/Cloud Tech Management Mobile Online Cards Checks/Remote Deposit Capture.

Community Bank 102

Community Bank Community ATM Regional 102

ABA Community Banking

AUGUST 4, 2021

As kids head back to school, banks across the United States will deploy their resources, reach and expertise to provide the next generation, particularly those in underserved communities, with the financial education they need.

Report 122

Report Cards United States Resources 122

Payments Source

FEBRUARY 14, 2018

A strategic payments plan could shine a light on critical gaps in a community bank’s offerings; one frequently missed opportunity is credit cards, writes Deborah Matthews Phillips, managing director of payment strategy for Jack Henry & Associates.

Community 64

Community Community Bank Cards Strategy 64

PYMNTS

JULY 31, 2020

We have deep dives into cloud technology for financial institutions (FIs), debit cards and a potential credit card default crisis. Synchrony CEO Warns Of US Credit Card Default Crisis. Venmo’s New Boss On Scaling And Monetizing The Venmo Community. Trackers And Reports.

Cards 142

Cards Technology Apple Digital Banking 142

PYMNTS

FEBRUARY 13, 2020

The increasing number of businesses using cards over cash could prompt some companies in the U.K. Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K. to stop using cash altogether after hundreds of years with that as the primary mode of payment.

Cards 153

Cards New York City New York Community 153

PYMNTS

MARCH 13, 2020

Despite its demonetization policy, a thriving eCommerce climate, and continued growth in electronic and mobile payments, card penetration remains especially low in India, hovering at about 2 percent to 3 percent. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere.

Cards 130

Cards Fintech Innovation Policies 130

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. Federal Reserve Governor Bowman voted against the rule stating: “During the public comment process, community banks raised substantial concerns with the proposal.

Regulation 78

Regulation Cards Community Bank Community 78

PYMNTS

NOVEMBER 26, 2019

The company offers both month-to-month and prepaid plans, with credit cards and PayPal as payment options. He sees it less as a group and more of a community. Laine says that the company built the community into a place that provides value through content as well as deals.

Community 161

Community United States Groups Exercises 161

PYMNTS

APRIL 23, 2019

However, according to Ondot Systems CEO Bharghavan Vaduvur (BV) in a recent conversation with PYMNTS’ Karen Webster, win or lose, Apple will change the conversation about how we pay by spurring existing stakeholders — especially card issuers — to examine how they come to market. The digital card will be linked to Apple Pay.

Apple 200

Apple Cards Payments Course 200

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance. InstaRem Expands BizPay.

Cards 132

Cards Capital Innovation Payments 132

CFPB Monitor

AUGUST 22, 2022

The CFPB is seeking comments on changes to its semi-annual Terms of Credit Card Plans (TCCP) Survey. Amendments to the Truth in Lending Act made in 1988 by the Fair Credit and Charge Card Disclosure Act require the CFPB to conduct the TCCP Survey. Collecting information on credit cards available to specific communities or groups.

Survey 78

Survey Cards Community Data 78

PYMNTS

JULY 30, 2019

is launching its first private-label credit card with Mastercard and Alliance Data. Our new credit cards align with our mission to deliver the best experience for home renovation and design, whether you’re building a custom home or decorating a small room,” said Sanjay Raman, vice president of product, marketplace at Houzz. “Our

Branding 129

Branding Cards Community Analytics 129

CFPB Monitor

JANUARY 26, 2023

In a letter to Director Chopra , five banking trade groups address the CFPB’s obligation to comply with the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) before proposing a rule on credit card late fees and late payments.

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Groups Cards National America 78

PYMNTS

APRIL 2, 2020

Almost ironically, card products are poised to play a big part in the 2020 cashflow survival story. There are a lot of retailers that are now looking to their local community to effectively prepay through gift cards to sustain themselves in the short term,” he said. In the payments space, how do you get cash now?

Cards 130

Cards Payments cryptocurrency Lending 130

Abrigo

DECEMBER 2, 2014

To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Results from the third quarter were just released, and while overall results were positive, community banks in particular excelled. Community banks’ net income grew almost 11 percent to $4.9

Community Bank 207

Community Bank FDIC Community Industry 207

PYMNTS

DECEMBER 12, 2019

FinTech startup Curve is facing allegations that it is sending corporate cards to customers expecting consumer cards, leading to higher hidden fees, reports in Business Insider said Thursday (Dec. According to reports, customers are voicing complaints that Curve was not transparent enough when sending cards to users.

Cards 131

Cards Training Report Community 131

PYMNTS

FEBRUARY 27, 2019

card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 Payment Systems Regulator (PSR) continue their probes into competition of the card-acquiring space, with Mastercard and Visa offering late last year to cut swipe fees on tourist cards to help end the EC’s investigation.

Cards 176

Cards Retail Regulation Payments 176

PYMNTS

OCTOBER 14, 2020

On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. Wells Fargo also saw heightened debit card usage during Q3. Debit card point-of-sale purchase volume hit $102.9 The bank said that was predominantly due to increased consumer spending.

Cards 206

Cards Operations Report Mobile 206

PYMNTS

DECEMBER 30, 2019

Yet, according to Kris Carrera, general manager and business line executive of Credit Payments at FIS , the middle market is often underserved — particularly when it comes to commercial card products. As such, middle-market businesses have different motivations than their smaller and larger counterparts for adopting commercial card solutions.

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Cards Marketing Tools Management 132