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Young Lenders and the Groundhog Syndrome

Jack Henry

Then, just like the groundhog, that lender will retreat back to the burrow with nothing more than a prospect’s business card. In the last 60 days, I had several conversations with bank executives in Minneapolis, Oklahoma City, Fresno and Atlanta on that very topic. If so, then you are not alone.

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. The more standard one is the Capital One-issued rewards card. Walmart has relied on its massive ground and air transportation network to feed its eCommerce effort, most of which is fed through its distribution centers instead of stores.

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Through all this, First Farmers has remained disciplined in performance and squarely focused on customers and community. Acronym of the Year.

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Data Dive: FedEx Competes, BoA Automates And Hackers Hack … Everyone, Including Each Other

PYMNTS

They also tend to be focused a bit differently, with a focus on mortgages, credit cards and auto loans, specifically. For those hoping to experience the wonder of fully automated BoA branches right now, it will be necessary to live in (or travel to) Minneapolis and Denver — both of which are relatively new markets for the bank.

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The 2019 GonzoBanker Awards

Gonzobanker

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Credit Union Lifetime Achievement Awards.

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It doesn’t have to be “The Handmaid’s Tale”

Tomorrow's Transactions

Many in the Bitcoin community see Bitcoin’s sort-of-anonymity as an important characteristic because it defends the individual against state power and they berate me for wanting to replace cash “in circulation” with a digital alternative. North Korea has everyone using paper money and virtually no cards. I don’t see how.

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Payment fraud on the rise at U.S. banks, credit unions: Fed survey

Payments Source

The results suggest that even as financial institutions implement more sophisticated fraud-mitigation techniques, they have not been keeping pace with criminals.

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