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How the PPP + Technology Means MBL Growth and More for Credit Unions

Abrigo

Secure online portals allowed PPP loan applicants to upload required documents, and many credit unions finalized borrower applications with electronic signatures. In fact, it was Ohio’s top SBA lender among credit unions. But historically, SBA lending and member business lending isn’t a major focus among credit unions.

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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Another form of identity security is biometrics. About The Tracker.

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Tuition, Digital Disbursements And The Paper Chase

PYMNTS

The punchline isn’t all that funny, actually, as 21st century college lending remains mired in paper checks and legacy disbursement systems. Other innovative programs are loading tuition refunds directly onto mobile card accounts. At present, 36 universities are participating in one mobile tuition payments program.

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Gonzo Notes from Money20/20

Gonzobanker

Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies. Innovation in security. Apple Pay … not. Two things.

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Possible Finance Personal Loans Review

MyBankTracker

APRs are lower than predatory lending options. Possible Finance provides its loans to people with poor or no credit, which means it takes on more lending risk than a traditional lender that looks for customers with strong credit history. Similarly, using a smaller portion of your credit cards’ limits will increase your score.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

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The 2022 GonzoBanker Awards

Gonzobanker

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. Acronym of the Year – CCCA (Credit Card Competition Act). SoFI gets a commercial bank that brings deposits, compliance, AND business lending.

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