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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

has proven a challenging, complicated venture for the nation’s banks. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Providing financial services to legal marijuana businesses in the U.S.

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The community bank guide to FedNow resources

Independent Banker

As community banks navigate this process, there are plenty of resources available to answer questions and provide guidance. Three sources of information on FedNow As community banks look to take advantage of this new opportunity, they seek resources to help them navigate the journey.

Resources 115
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Career in Banking Advice from The Pro's

Jeff For Banks

A career banker with multiple financial institutions, including the long-admired Mercantile from Maryland, Mike elevated up the credit and lending vertical to his current position. Mark Semanie, Maryland Market President, Wesbanco. Mark did not come into banking until his mid 30's.

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5 payments trends you should know about

Independent Banker

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. billion-asset Bank of Tampa in Tampa, Fla. Chris Doyle, Texas First Bank. Photo by Juan Moyano/Stocksy. Quick Stat.

Trends 140
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Super apps: The rise of an all-in-one platform

Independent Banker

Across the world, people are using super apps to send messages, purchase tickets and, of course, bank online. What are they, and how can community banks stay on top of this trend? Community bank considerations. So, what does this intersection of regulation and technology competition mean for community banks?

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How to navigate payments trends

Independent Banker

The payments space can be dizzying for even the most enterprising community bank. Banking-as-a-service (BaaS). Central bank digital currency (CBDC). A barrage of new payments potential has shaped the market since the start of the pandemic. How do you navigate the constant churn of innovations or disruptors?

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Capitalize on social payments

Independent Banker

So how do social payments fit in community banks’ long-term future? In fact, a 2020 NerdWallet survey found that 68% of consumers have maintained a balance in their mobile payment app, and on average, those who use them have allowed up to $287 to accrue before they transfer it to their bank. DJ Seeterlin, Chesapeake Bank.

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