PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

Fraud 78

Fraud National Security social media 78

Abrigo

JUNE 13, 2022

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. Of banks surveyed, 86% provide training to customer service representatives on how to detect and report elder financial exploitation. Banks are assertive in protecting older customers.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

DECEMBER 11, 2020

According to the survey data, 79.6 That includes things like contactless credit and debit cards, digital wallets, cards on file or other digital methods. percent reported interest in card on file and 17.9 percent fewer consumers use contactless credit cards than would like to, while 15.1 percent of all U.S.

Study 240

Study Online Cards National 240

PYMNTS

SEPTEMBER 13, 2016

Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. In a press release detailing the survey results, Entrust Datacard noted that instant issuance technologies were first adopted by smaller banks and credit unions almost a decade-and-a-half ago. in the past year.

Case Study 100

Case Study United States Analysis National 100

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks.

Trends 175

Trends Fraud Millennials Community Bank 175

Abrigo

DECEMBER 10, 2019

According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. Eighty-one percent of banks surveyed listed reporting to APS as one of their key actions in dealing with suspected elder fraud, up from 62% in 2017. billion annually.

Fraud 284

Fraud Study United States Training 284

PYMNTS

MARCH 12, 2020

Offering additional non-postal products and services at USPS retail facilities could provide consumer, government or community benefits, but viability may be limited,” the report states. In particular, some noted that USPS could provide a viable banking alternative for those lacking banking services.

Retail 169

Retail US Survey Examples 169

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position. Why “Growth” is Not on The List. Conclusion.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JANUARY 26, 2021

The Ecos specifications say that any device will be able to be used as a payment device, making it less necessary to carry backup cards or payment methods. From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF. FedNow Shares Pilot Program Participants.

Technology 154

Technology Payments Strategy Retail 154

PYMNTS

MAY 2, 2016

aren’t taking full advantage of resources and services provided by national and local governments, a new report from Fifth Third Bank has found. Gibson also pointed to the high number of SMEs that said they would turn to personal means — like personal credit cards, personal savings or retirement funds — to support their business.

Resources 100

Resources Community National Capital 100

PYMNTS

OCTOBER 1, 2018

Nearly half of the small business borrowers surveyed said the main reason they haven’t used a digital lender is because they are unfamiliar with them. Fifty-five percent of small businesses surveyed said they are unable to access funding to grow.

Lending 115

Lending Survey Data National 115

PYMNTS

FEBRUARY 16, 2018

Two Russian nationals have been handed prison sentences for their roles in hacking corporates and financial institutions (FIs) in the U.S., The two were part of a larger group that stole online credentials, personal information and credit and debit card numbers between 2005 and 2012. Bloomberg reported this week. While the U.S.

New Jersey 101

New Jersey Fraud Survey Cards 101

PYMNTS

MARCH 30, 2020

Already, in the space of those three weeks, 5 percent of the SMBs we surveyed reported closing their doors for good. We went into the field last Wednesday (March 24) to understand, at an aggregate level, how COVID-19 has impacted the SMBs that line the Main Streets and the side streets of our communities. Nearly 30 (29.4)

Maine 232

Maine Data Capital Study 232

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195

Fraud ATM Payments Management 195

PYMNTS

SEPTEMBER 5, 2017

The legislation most watched by SMBs, Paychex found, ranges from payroll card rules to paid leave laws and healthcare reform. Separate research from Reliant Funding, also released last week, found that the majority of SMBs surveyed agree their local governments promote small business growth. Today (Tuesday, Sept. Today (Tuesday, Sept.

Compliance 118

Compliance Survey Training Regulation 118

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

AUGUST 12, 2020

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation.

Maine 183

Maine Survey Study Tools 183

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. What a year. Goes to Sen.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

APRIL 17, 2018

Two separate surveys released earlier this month highlight the plight of small business owners as they seek out adequate financial services. Forty percent of SMB survey respondents said they see little difference between SMB and consumer services from banks, for example, except for the higher cost of SMB services. Optimism Survives.

Survey 109

Survey Data Report Community 109

PYMNTS

JUNE 27, 2019

Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. For businesses with between 20 and 99 employees, credit cards remain their top financing source, while bank loans are more commonly reserved for firms with between 100 and 500 employees.

Capital 145

Capital Community Oklahoma Maine 145

PYMNTS

MAY 7, 2020

And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you look. Larger full-service restaurants opened community markets to sell raw ingredients, produce and food staples through online stores,” he said. The urgency is palpable.

Maine 141

Maine Online Capital Retail 141

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. Customers cannot use credits to buy gift cards and cannot redeem gift cards for more gift cards, either.

Retail 105

Retail Fraud Cards Florida 105

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

PYMNTS

OCTOBER 30, 2017

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. 34 percent of all SMB owners plan to access bank loans, personal savings or a business credit card in the next six to 12 months in order to expand their businesses. population , according to U.S.

Millennials 109

Millennials North Carolina South Carolina social media 109

PYMNTS

NOVEMBER 12, 2018

It started in the early 1980s: The nation began to repent for what was commonly viewed as the shabby treatment of Vietnam War veterans. of some 6,300 military veterans and 2,000 active service members, 95 percent of those surveyed “perceive brands [that] offer military discounts as patriotic and/or caring about veterans.”

Las Vegas 140

Las Vegas Survey Branding Meeting 140

Independent Banker

AUGUST 9, 2016

Community banks should evaluate solutions that align with their service-oriented traditions and bring value to customers throughout their communities. If unable to support in-house marketing teams, community banks should look for a program that offers branded marketing support. Incentivizing incremental loan income by $35,611.

Community 70

Community Millennials Community Bank America 70

NCR

OCTOBER 17, 2017

South-east Asia could soon witness some major changes in its regional payments infrastructure, as a result of two key markets – Singapore and Thailand – looking into the possibility of connecting their national digital payment platforms. million) in transfers. million) in transfers. Image credit: iStock/ipopba.

System 45

System Payments Regional National 45

PYMNTS

DECEMBER 3, 2019

For global businesses, national borders are less and less relevant,” SatoshiPay CEO Meinhard Benn recently told PYMNTS. SatoshiPay is part of a growing community of innovators looking to wield existing infrastructure in a powerful way — and contribute to the establish of new infrastructure — in order to address global B2B payments demand.

Payments 134

Payments blockchain Tools Meeting 134

PYMNTS

MAY 9, 2016

It’s a messy picture when leading surveys draw contradicting conclusions. billion in losses due to crimes like unauthorized payments, fraudulent wire transfers or misuse of company credit cards. The majority reported feeling optimistic about their local economies, but less than half (43 percent) said the same about the national market.

America 100

America National Capital Survey 100

CFPB Monitor

SEPTEMBER 17, 2015

It also encourages agencies to “recruit behavioral science experts to join the Federal Government” and “strengthen agency relationships with the research community to better use empirical findings from the behavioral sciences.”

Survey 60

Survey ATM Study Policies 60

PYMNTS

NOVEMBER 16, 2020

PYMNTS fielded a national consumer study of 2,806 U.S. In this, PYMNTS’ 14 th study of a national sample of now roughly 40,000 consumers since March on their sentiment about COVID and the digital behavioral shifts it has caused, we learned a lot. and global economy for most of 2020. That’s assuming most people got the vaccine.

Study 270

Study Retail Millennials Conference 270

PYMNTS

MAY 16, 2016

Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

PYMNTS

MARCH 4, 2019

1281), seeking to combat a trend — namely that more businesses are embracing card-only payment methods spanning debit and credit — the ban would also result in fines of hundreds of dollars per violation. In terms of the New York legislation (Intro. The debate will likely get increased scrutiny and input from stakeholders.

Retail 129

Retail New York City New York New Jersey 129

Social Assurance

DECEMBER 13, 2021

The holidays are a time when communities come together to support each other and celebrate the bonds that bring us together. Through it all, community banking institutions have been there to support their neighbors. Covid-19 impacted every community across the nation and the world. The season of festivities.

Branding 15

Branding Community Rhode Island Iowa 15

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters.

Marketing 146

Marketing Policies Report Atlanta 146

NCR

APRIL 27, 2016

Minorities, women and the least educated have some of the lowest financial literacy rates in the nation, a major concern for businesses that see attracting a more diverse workforce as a business imperative. 62% of teachers surveyed said financial education isn’t seen as a critical skill for college and career readiness.

United States 40

United States Resources Survey National 40