PYMNTS

JANUARY 18, 2019

JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. and internationally,” said Co-President and Chief Operating Officer Daniel Pinto in the memo.

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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.

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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.

Cards 167

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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

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

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 Others are operating in a less constrained way.”. percent from a year ago.

Cards 206

Cards Operations Report Mobile 206

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

PYMNTS

MAY 29, 2019

However, all three entities will operate separately. Although the three strong brands have been consolidated under one entity, they will continue to operate independently within their distinctive markets,” said Sureswipe MD Paul Kent, according to IT Web. “We We believe each provides a distinctive client solution.

Cards 162

Cards Fintech Retail Operations 162

PYMNTS

APRIL 23, 2019

Tick down the list of offerings spanning decades (the Mac, the iPhone, the iPod, iTunes, the iOS operating system/ecosystem), and one can find that the ways we communicate, listen, stream and, indeed, interact with technology have all shifted. The digital card will be linked to Apple Pay.

Apple 200

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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 208

Community Bank FDIC Community Industry 208

PopularBank

MAY 1, 2020

A Message from Chief Operating Officer Manuel Chinea. Dear Customers, Partners and Community Members, Thank you for being part of our Popular Bank family. As we face the immediate and serious health concerns as a community, we are also seeing a much wider impact on all our lives as well as our local, national, and global economies.

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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.

Cards 132

Cards Marketing Tools Management 132

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

NOVEMBER 11, 2019

Visa and its India FinTech partner, Open , are rolling out their joint credit card product for small to medium-sized businesses (SMBs). 11) that Open, which operates a small business banking and financial services platform, announced the Founder’s Card, the result of its existing partnership with Visa.

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Cards United States Regional Groups 101

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Community 247

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PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. In a recent blog post , Giorgio pointed out that baby boomers make an average of 9.1

Community Bank 116

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Bank Innovation

SEPTEMBER 27, 2018

Bank Frick has grown its operations and staff while shrinking its physical footprint. In the last year, the number of employees has increased from about 60 to more than 130.

blockchain 150

blockchain Community Innovation Operations 150

PYMNTS

MARCH 14, 2018

Unnamed sources have told reporters that Amazon is looking to expand its small business (SMB) financing operations via the rollout of a commercial card for SMBs. Amex is the largest issuer for small business cards in the U.S. billion on its card products. and Japan last year. but around the world.”.

Cards 117

Cards Community Report Retail 117

PYMNTS

AUGUST 11, 2017

PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses. Instead, prepaid cards can enable them to deal with fragmented project timelines, employee turnover and other jobsite issues.

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PYMNTS

AUGUST 4, 2020

Burberry has created a “mini program” with Tencent that provides exclusive content and tailored experiences that can be unlocked on WeChat, at a time when China has millions of mini-communities on the social media platform. 35%: Share of SMBs that have used personal funds to finance operations during the pandemic.

social media 160

social media Innovation Community Data 160

PYMNTS

JULY 16, 2019

To ensure the integrity of our financial system, protect our vulnerable people and communities and attract business to the U.K., All parties will work together on longer term funding for developing richer intelligence and improving operational effectiveness in the fight against dirty money,” said the announcement, according to CoinDesk.

blockchain 100

blockchain Cards Bitcoin System 100

PYMNTS

SEPTEMBER 18, 2020

With a focus on optimizing cash flow for merchant customers, EVO Payments has announced a new feature that enables businesses to access funds from card transactions in real time. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

JUNE 20, 2019

According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. The two-location, 7,200-member River Valley Community Federal Credit Union (RVCFCU), recently started providing its members with mobile video banking. In comparison, 89.8

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

OCTOBER 1, 2020

Six key elements are examined: business strategy, management and operations, growth and marketing, getting paid, making payments and protecting employees and customers. By shifting our focus to e-commerce, we were able to stay connected to our customer base and keep our creative community alive,” Cadore said in a statement.

Tools 262

Tools Cards Guidelines Online 262

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Although shadow banking mostly serves larger corporations, think money market funds buying commercial paper, bankers fear the trend will continue going downstream to more traditional community bank customers.

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PYMNTS

JUNE 25, 2018

With so much money up for grabs, it may come as a surprise that startups often struggle to get approved for a credit card, even after a lucrative funding round. “Startups typically have more expenses than a small business — and more of these expenses are online and, therefore, require a card,” he explained.

Cards 130

Cards Software Capital Management 130

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. Inside The Playbook.

Tools 141

Tools Boston Cards Management 141

PYMNTS

JUNE 18, 2018

The operation itself leads to higher-asset level goals,” Hightower added. For these workers, they can pay for their coworking space with automated clearing house (ACH) transfer or credit card. In the case of Craftwork, that’s operating integrated coffee shops and coworking spaces in multifamily apartment buildings. (To

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Community Austin Texas Comparison 119

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. Those operations manage and own 50 percent of [U.S. Deposit Trends. Services Ecosystem.

Community Bank 116

Community Bank Community Operations Leadership 116

South State Correspondent

JANUARY 3, 2023

Because most community banks do not use a risk-adjusted return-on-capital (RAROC) loan pricing model, the only variable that some bankers focus on is loan yield – the most easily measured variable. Operating Leverage – Scale matters. These banks often have scale, efficiency, and a singular focus.

Community Bank 221

Community Bank Community Data Marketing 221

PYMNTS

AUGUST 24, 2016

and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country. and the U.S.

Puerto Rico 100

Puerto Rico Cards United States ATM 100

PYMNTS

MAY 25, 2017

The May Payments-as-a-Service Tracker™ examines the ways new payment solutions and tools are helping merchants with their business operations and improving relationships with the customers and clients. News from the Payments-as-a-Service Landscape.

System 124

System Community Payments Report 124

Independent Banker

FEBRUARY 28, 2023

Photos by Luke Copping Photography BankOnBuffalo has hit the road with its new mobile bank, BankOnWheels, to meet the needs of underserved communities. We are providing banking options in areas that have been known as ‘bank deserts,’ which is very important to us as a community bank.” By William Atkinson Name: BankOnBuffalo Assets: $1.1

Mobile 91

Mobile Community Community Bank ATM 91

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. FedNow is obviously going to change the landscape for us, and I think it’s going to accelerate [digital development] for community banks,” Lakoumentas says.

Trends 140

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PYMNTS

NOVEMBER 18, 2020

But even though these FinTechs operate separate payment technologies that could compete with Visa, he said, what has become increasingly apparent from its deal list over the last several years is that globally, the perspective is shifting. “We Creating The Digital Community Bank. Building A Faster Fast Track .

Fintech 184

Fintech Community Community Bank Meeting 184

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes. are now contactless.

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