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

Cards Apple FDIC Samsung 167

Independent Banker

JANUARY 31, 2023

Community bankers and industry experts share how to best put this data to use. According to a recent Bank Director survey, nearly half of financial institutions report not effectively using their available data, which leaves potential strategies untapped. billion-asset First State Community Bank in Farmington, Mo. “One

Community Bank 91

Community Bank Community Trends Payments 91

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

PYMNTS

OCTOBER 19, 2017

A new survey released on Wednesday (Oct. The latest data from Pepperdine University’s Graziadio School of Business and Management, along with Dun & Bradstreet, found that small businesses surveyed expected slower annual revenue growth for the second half of the year. Researchers surveyed 1,176 businesses.

Survey 119

Survey Community Bank Lending Analysis 119

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

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PYMNTS

MAY 28, 2020

Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. A survey by Welcome Technologies of 10,000 immigrants found that only 44 percent used credit cards and 54 percent had savings accounts, the release states.

Mobile 248

Mobile US FDIC Survey 248

ABA Community Banking

AUGUST 4, 2020

economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of banks reported weaker demand for commercial and industrial loans, according to the Federal Reserve’s latest survey of senior loan officers released yesterday. As the U.S.

Survey 89

Survey Industry Report Community Bank 89

PYMNTS

MAY 27, 2020

And as many as 22 percent of the population surveyed said those habits would stick. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. Not long ago, contactless meant using tangible cards — the type pulled from wallets and waved at the terminals. Getting Prepared.

Mobile 280

Mobile Community Bank Cards Community 280

ABA Community Banking

AUGUST 10, 2020

Even before consumers’ acceleration to online shopping due to the pandemic, card-not-present debit transactions rose 21% year-on-year in 2019, according to Pulse’s debit issuer survey released today. The post P2P Payments, Card-Not-Present Drive 2019 Growth in Debit Transactions appeared first on ABA Banking Journal.

Cards 94

Cards Survey Payments Online 94

PYMNTS

OCTOBER 1, 2020

A Mastercard survey revealed 76 percent of small businesses in North America said the pandemic prompted them to become more digital. 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

ABA Community Banking

NOVEMBER 24, 2020

Small business credit card customer satisfaction declined nine points from last year (falling to 840 on a 1,000-point scale) as 91% said their business has been affected by the pandemic, according to a new survey by J.D.

Cards 96

Cards Survey Community Bank Community 96

Abrigo

FEBRUARY 27, 2020

Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. Survey: Repetitive data entry common. Another 9% of respondents said turnaround is 8 weeks or longer. learn more.

Lending 243

Lending Survey Data System 243

ABA Community Banking

AUGUST 17, 2021

in 2020, the first dip in the 16-year history of the Pulse debit issuer survey released today. The post Survey: Debit Transactions Decline for First Time on Record appeared first on ABA Banking Journal. In response to the COVID-19 pandemic, the number of debit transactions declined 2.5%

Survey 52

Survey Community Bank Community Cards 52

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

Trends Payments Community Bank Texas 140

PYMNTS

JULY 28, 2020

PYMNTS’ July 2020 Credit Union Innovation Playbook , done in collaboration with PSCU , surveyed 100 credit union (CU) executives and CEOs to learn how the highly interdependent CU/CU member community has succeeded — and sometimes failed — to innovate for digital demand. As these communities struggle, so, too, do their CUs.

Innovation 140

Innovation Community Cards Fraud 140

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. are now contactless.

Trends 144

Trends Payments Community Bank Community 144

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

ABA Community Banking

NOVEMBER 24, 2021

Small business credit card customer satisfaction surged 12 points from last year (rising to 852 on a 1,000-point scale) as 32% of small business customers say they are financially better off than they were a year ago, according to a new survey by J.D.

Cards 52

Cards Survey Community Bank Community 52

Abrigo

JUNE 13, 2022

The ABA study found four key findings on banks’ proactive measures toward preventing elder fraud: More than half of the banks surveyed offer products with terms that are favorable for older customers (60% in 2021 compared to 53% in 2019). The latest survey indicates that COVID-19 has impacted bank community engagement.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

JULY 23, 2020

This was especially crucial for credit unions (CUs) as many of their member bases were built around geographic and professional communities that were disproportionately impacted by the pandemic’s fallout. So, how are CUs changing their card innovation plans to match their current members’ demands and attract new potential members?

Innovation 174

Innovation Report Cards California 174

PYMNTS

SEPTEMBER 15, 2020

Facebook will dole out millions in cash and advertising credits to small businesses across India, while also helping merchants launch online gift cards, as the social media giant pushes deeper into the country’s fast-growing eCommerce sector. Gift cards will help small businesses reach more potential customers online.”.

social media 157

social media Cards Survey Online 157

PYMNTS

OCTOBER 12, 2020

And kids will be able to use their own personal debit cards based on the controls set by their parents, allowing them to know what spending controls are applied and what chores they still have left to do. Allison Beer , Head of Digital for Consumer & Community Banking at J.P.

Community Bank 252

Community Bank Survey Management Community 252

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

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Community Banks Go Real Time. Treasurers See Faster Payments Benefits.

Payments 109

Payments Community Bank Community Survey 109

PYMNTS

SEPTEMBER 14, 2020

Noting that 86 percent of SMBs said they were at least partially open as of August, up from 79 percent in May, “many SMBs are soldiering on … instituting myriad operational changes to protect their communities and to ease customers’ fears about infection. Almost 17 percent of SMBs added mobile wallet support as of May, and 30.6

Payments 225

Payments Survey Maine Report 225

PYMNTS

JULY 7, 2020

Daniel Muller , CEO and founder of AeroPay, said in the release that he hopes the tech will boost the long-underserved cannabis B2B community. A survey by payment and banking tech firm Hypur found that around 71 percent of cannabis customers prefer cash as a payment method over digital.

Payments 185

Payments Survey Industry US 185

Abrigo

DECEMBER 10, 2019

The ABA study found four key findings: Elder financial exploitation prevention training is now largely standard, being offered for frontline staff at all banks surveyed and required for customer-facing staff at 9 in 10 banks of all sizes. Banks are increasingly reporting elder financial exploitation to Adult Protective Services (APS).

Fraud 284

Fraud Study United States Training 284

ZootBlog

FEBRUARY 12, 2016

However, it took one full hour to accomplish this simple task at my local community bank where I have been a customer for more than a decade. Community banks are often known for great customer service, but will that be enough as technology pushes the industry forward? A recent survey conducted by J.D.

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Community Bank Community Technology ATM 63

PYMNTS

FEBRUARY 25, 2020

Store owners in the community often tell me, ‘Birds outside bring business inside.’ This phenomenon paired with our commitment to community resulted in Bird Pay which helps drive even more customers to local businesses.” . There’s no handling of cards or cash. .

Los Angeles 178

Los Angeles Payments Community America 178

Independent Banker

DECEMBER 31, 2021

Consumers are increasingly interested in buy now, pay later products, which are cutting into credit card usage. Here’s what community banks need to know about these products and how they can take advantage of this model. Source: Credit Karma/Qualtrics Survey. BNPL: The community bank play. By Colleen Morrison. Quick Stat.

How To 91

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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

American Banker

MARCH 24, 2016

Cash may still be king when it comes to small purchases, but debit cards are threatening to end its reign, according to survey results announced Wednesday by CreditCards.com.

Survey 28

Survey Cards Community Bank Community 28

PYMNTS

MARCH 20, 2019

PYMNTS analyzed survey responses from more than 200 financial decision-makers at FIs across the United States, ranging in size from below $500 million to more than $25 billion in assets, and varying in type from commercial banks, community banks and credit unions. For this, they can hardly be blamed.

Innovation 161

Innovation United States Innovation Strategies Cards 161

Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? A recent Mercator Advisory Group survey found that 69% of respondents have used PayPal in the past year, and a full 10% reported using Facebook Pay. Those behaviors may pose a real threat to community banks. The community bank opportunity.

Capital 94

Capital Payments social media Community Bank 94

Gonzobanker

SEPTEMBER 14, 2023

Just this week, Finovate host Greg Palmer surveyed the event’s audience on what the biggest challenges of digital transformation projects were for incumbents, according to Fintech Futures. According to an American Banker article (subscription required), it takes 400 years for a debit card to degrade. Develop your communities Ex.

How To 109

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PYMNTS

FEBRUARY 26, 2020

Bird said in its announcement of Bird Pay, now being trialed in two California hubs, “With more than 58 percent of Bird rides heading to or ending at a local business each day, Bird fosters connections between people and their local communities.”. As noted in this space Tuesday (Feb. As noted in this space Tuesday (Feb.

Payments 174

Payments Los Angeles Community Course 174

Banking 2020

MARCH 20, 2015

Will your phone replace an ATM card?: Is there hope for community banks?: A recent survey found that Americans feel very positively about community banks and credit unions. However, despite this data, most Americans don’t do their banking with a community institution. What have you been reading?

Community Bank 40

Community Bank Community ATM Innovation 40