PYMNTS

AUGUST 3, 2017

Some of the strategies outlined in the Task Force report include allowing a market-first approach to governing the faster payments system, greater education efforts for the industry and more research to develop fraud detection systems. Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise.

Community Bank 117

Community Bank Community Report Millennials 117

PYMNTS

NOVEMBER 13, 2020

Securities and Exchange Commission ( SEC ) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly misleading investors in connection with the bank’s unauthorized accounts scandal.

Fraud 230

Fraud California Community Bank Security 230

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

Trends 140

Trends Payments Community Bank Texas 140

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

MAY 1, 2018

ACH security service provider ACH Alert is introducing new services aimed at helping banks and other financial service providers address the threat of payments fraud related to faster ACH transactions.

Fraud 100

Fraud Payments Community Bank Tools 100

ABA Community Banking

MARCH 29, 2021

When consumers shop for a new savings account, their top consideration is strong safety, security and fraud protection, with 61% of respondents saying it was the top factor, according to a new survey from financial technology company SaveBetter.

Survey 52

Survey Fraud Security Financial Technology 52

PYMNTS

SEPTEMBER 14, 2017

In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As Taking steps now to protect your community bank and customers is more important than ever.

Community Bank 128

Community Bank Fraud Community America 128

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. How to minimize age-related fraud.

Fraud 133

Fraud social media Millennials Examples 133

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

Independent Banker

SEPTEMBER 30, 2021

The number of money mule schemes affecting community banks is increasing, in part because of the pandemic. Here’s how two community banks are protecting their customers from falling victim to fraud. More and more community banks are having to deal with money mule schemes targeting unsuspecting customers.

Community Bank 91

Community Bank Fraud Community Training 91

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

Taxes 195

Taxes Community Bank Community Operations 195

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA. AKUVO , a collections and credit risk technology provider, secured investment from several credit unions and CUSOs.

Fintech 103

Fintech Software Illinois Lending 103

Independent Banker

FEBRUARY 24, 2016

Security fears about online banking may be impairing your community bank’s ability to grow demand deposit accounts. A 2015 survey from the credit and data reporting firm Experian revealed that more than 70 percent of respondents feared having their identity stolen when using personal banking sites. By Kevin Tynan.

Security 70

Security Community Bank Community Chicago 70

PYMNTS

MAY 28, 2020

In the May Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the challenges facing deployment of APIs amid the COVID-19 pandemic, new online initiatives from nationwide FI chains and community banks and the security challenges that are plaguing digital banking programs.

Community Bank 176

Community Bank Community Security Digital Banking 176

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Peer-to-peer fraud. Illustration by Monster Ztudio/Adobe.

Compliance 100

Compliance FDIC Community Bank Community 100

BankInovation

JANUARY 11, 2022

Financial institutions should prepare for widespread use of real-time payments in the coming months, as well as the resulting security risks, group president of enterprise banking at core provider Computer Services Inc. CSI) shares in this episode of “The Buzz” podcast.

Fraud 98

Fraud Payments Security Groups 98

PYMNTS

MAY 27, 2020

There’s another side to contactless that moves beyond convenience and ties into security. And that is something that merchants, as well as community banks and credit unions, must be prepared for.”. He stated that near-field communications (NFC) also had been a useful tool in combating fraud. Getting Prepared.

Mobile 280

Mobile Community Bank Cards Community 280

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning a civil suit against 10 former company executives for their roles in its retail banking scandals. Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud. Study: Tech Unicorns Overvalued By Nearly 50 Percent. DocuSign Wages War On Phishing.

Fraud 131

Fraud Community Bank Analytics Study 131

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. BankMobile, BBVA USA, BMO Harris, The Coastal Community Bank, First Independence Bank (a federally designated minority depository institution) and SEFCU will join Citi and Stanford Federal Credit Union in the offering beginning next year.

Google 239

Google Digital Banking Pennsylvania FDIC 239

PYMNTS

JULY 24, 2019

But this has been the domain of larger financial institutions, especially when community banks and credit unions are included. Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. Security as an Added Benefit.

Payments 167

Payments Survey Community Bank Fraud 167

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.

Payments 172

Payments Fraud Security Technology 172

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge?

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

American Banker

MARCH 16, 2023

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Michigan 74

Michigan Fraud Security Community Bank 74

PYMNTS

OCTOBER 23, 2018

“The misconduct at Wells Fargo was widespread across the bank and at every level of management – impacting both customers and investors who were misled,” Attorney General Barbara D. However, the success of these efforts was actually centered on sales practice misconduct at the bank. Underwood said in a press release.

New York 139

New York Fraud Community Bank Strategy 139

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. Mistakes, system glitches and fraud happen. State laws or banking rules may also come into play. Quick Stat.

Community Bank 91

Community Bank Regulation Community Training 91

Abrigo

JANUARY 11, 2021

Keller, President and Chief Executive Officer of Community Bank of the Bay, a Community Development Financial Institution serving the San Francisco Bay area from its base in Oakland, Calif. “The application came out Friday and we worked on it all through the weekend along with our partners at Abrigo, and we’re ready. “The

Lending 195

Lending Community Community Bank San Francisco 195

PYMNTS

MARCH 31, 2020

This investment is well above the industry’s average technology spending, however, which for North American banks totals 17 percent of the total budget and for European banks amounts to 14 percent. Small banks are also making significant digital overhauls.

Analytics 174

Analytics Data Security Marketing 174

PYMNTS

APRIL 1, 2019

They want to know their money is secure, they want to have a positive experience whether they are online or talking to a teller, and when things go wrong from time to time, they want to know the path to getting them set back to rights is short and straight. The Security Core. Tapping Into Trust.

Innovation 141

Innovation Fintech Fraud Security 141

Independent Banker

OCTOBER 1, 2022

“A lot of people have this notion that it will never happen to my business or my bank, because it’s too small,” says Linda Comerford, assistant vice president of incident response and cyber services at AmTrust Financial Services Inc. The bank was only able to get fully up and running after it paid a negotiated ransom.”.

Montana 152

Montana Policies Resources FDIC 152

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved. According to Muller, data is often at the heart of this issue.

Innovation 210

Innovation Payments Tools Compliance 210

Independent Banker

AUGUST 31, 2016

As chip cards become standard, counterfeit card fraud in the U.S. Here are five ways to fight fraud in the wake of the widespread deployment of EMV chip cards. Card-not-present fraud will likely rise, especially online. Both MasterCard and Visa have programs that establish a unique password for online purchases to combat fraud.

Cards 70

Cards Fraud Iowa Security 70

PYMNTS

APRIL 8, 2020

financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Lendio already secured its approval to facilitate PPP loans, the alternative lender said, noting that small businesses can now apply for a PPP loan on the Lendio platform.

Lending 245

Lending Fintech America Technology 245

Abrigo

APRIL 7, 2022

Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated.

Compliance 195

Compliance Policies Fraud Analysis 195

NCR

AUGUST 31, 2016

They must find the right partner—preferably a partner that is experienced enough at all facets of the mortgage process, flexible enough to meet the bank’s specific guidelines and needs, and able to keep pace with an ever-changing regulatory environment.

Community Bank 49

Community Bank Community Guidelines Compliance 49

Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. According to Cornerstone Advisors research, 47% of consumer checking accounts opened in 2023 are at fintech companies or online banks (not traditional banks). A: Citizens Bank of Edmond regularly hosts a local music festival.

How To 109

How To New Hampshire Oklahoma Fintech 109

Independent Banker

JUNE 29, 2015

When Target agreed to reimburse affected MasterCard-issuing banks roughly $19 million following the retailer’s massive 2013 data breach, which incurred significant costs for thousands of community banks, it gave community banks a choice—either accept the meager settlement or continue the costly and risky road of litigation.

Community Bank 70

Community Bank Community Ohio Security 70