PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. It’s a story told by the data itself, Lesher said. FinTech players are also grabbing deposits.

Cards 224

Cards Mobile Community Bank Community 224

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations.

Community 195

Community Lending Maine Resources 195

PYMNTS

JULY 18, 2018

But for all the undeniable risks, the rewards are numerous and perhaps unexpected, as a more connected world is also allowing community-based organizations like credit unions to connect more closely and credibly with their growing consumer base. 372 million: Estimated property damage (so far) from the Kilauea volcanic eruptions of 2018.

Data 100

Data Millennials Fraud Community 100

PYMNTS

SEPTEMBER 20, 2019

Launched in Paris in 2009, Vestiaire Collective has a community of more than 8 million members in 50 countries worldwide that list 40,000-plus new pieces every week. Such authentication checks must be quick as customers, especially millennials and members of Gen Z, have come to expect seamless transactions and fast delivery.

Online 118

Online Millennials Community Fraud 118

PYMNTS

JUNE 21, 2017

Whether it’s in-app tools that offer advice on monthly spending, new services to help parents teach their kids about money management or a publicity campaign aimed at raising public awareness of the threats posed by cyber fraud, the financial sector is making consumer education a priority. In the U.K., consumers billions of pounds each year.

Report 131

Report Digital Banking Millennials Fraud 131

PYMNTS

OCTOBER 31, 2019

However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. According to the firm’s general counsel, Nathan Garnett, the marketplace relies on both machine learning and human analysts to improve its anti-fraud responses.

Fraud 100

Fraud Retail Online Meeting 100

PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. Credit unions have deep senses of community among their members, meaning that breaches could do incalculable damage to that trust — and to CUs’ bottom lines.

United States 174

United States Security Innovation Mobile 174

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. FIs are not accustomed to customers telling them which products to offer, but in the mobile instant payments world driven by millennials and Gen Zers, that’s the deal – take it or leave it. The Shore Porters Society.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

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. but Apple has made itself indispensable across many verticals.

Apple 200

Apple Cards Payments Course 200

PYMNTS

MAY 28, 2019

GO-JEK President Andre Soelistyo said in a statement, according to a September Reuters report, “We believe that a strong collaboration between financial services providers and technology companies can reach a wider range of people who have difficulty accessing financial services, such as unbanked communities.” Just under $3 billion – or $2.7

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

OCTOBER 8, 2019

CUs are no longer confined to operating primarily as regional players, moving beyond the confines of original charters that had limited them to, say, specific communities or employers. The Millennial Challenge. There’s a younger generation in the U.S. And one credit union experiencing a cyber hit is always a huge concern.

United States 102

United States Millennials Course Lending 102

PYMNTS

MAY 29, 2020

FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash . How Faster Disbursements Can Help Solve Patients’ Payment Pain Points. PYMNTS found five areas and firms to watch as the post-pandemic recovery evolves.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

MAY 31, 2017

Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. In an interview with PYMNTS’ Karen Webster, Troy Cullen, president of Elan Financial at U.S. And that’s creating a problem for smaller institutions.

ATM 100

ATM Millennials Cards Management 100

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Tying community bank relationships with mobile banking is like peanut butter and jelly—it adds lots of stickiness and feeds the relationship.”. —Ed

Mobile 105

Mobile Community Bank Community Technology 105

Social Assurance

JULY 20, 2017

Why Millennials Need Banking Security and Compliance. This is why Millennials and Gen X-ers like me are some of the highest people at risk for financial theft and fraud. Technology and networking apps have made my life easier than ever. I love that I can accomplish so many things from my phone. Seriously, like everything.

Millennials 21

Millennials Compliance social media Security 21

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

JANUARY 29, 2019

Chuck) Fagan weighed in on the sense of community CUs wield as a competitive advantage. When Webster asked what lies behind such loyalty, Fagan said the CUs have, in the past, focused their clientele outreach on select employee groups or individual employers, and — over an evolutionary period — have come to focus on specific communities.

Innovation 176

Innovation Fintech Data Community 176

FICO

DECEMBER 20, 2018

Indeed, we are already starting to see signs of distress among community and regional banks that lack the advertising budgets and sophisticated digital capabilities of the big national banks. To quote an executive at Varo Money, “fraud follows speed.” To quote an executive at Varo Money, “fraud follows speed.”

Trends 73

Trends Lending Fraud Exercises 73

Social Assurance

JULY 20, 2017

av_heading tag=’h3′ padding=’10’ heading=’Why Millennials Need Banking Security and Compliance’ color=’custom-color-heading’ style=” custom_font=’#8b0022′ size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading]. av_textblock].

Millennials 12

Millennials Compliance Security social media 12

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

Gonzobanker

OCTOBER 6, 2015

Research from mobile vendor Retale indicates that millennials have a high aversion to dealing with store associates and more preference for self-checkout via mobile phones. Bank executives should plan on millennials leading mainstream consumers into the world of self-checkout over the next five to seven years.

Cards 60

Cards Fraud Apple Google 60

PYMNTS

MAY 30, 2016

One of the most significant: the health and importance of small businesses and, in particular, the “mom-and-pop” shops that line the Main Streets and side streets of our local communities. Global Fraud Attacks. Online Fraud Attack Rates Soar Since October. Everyone said that fraud would move online in the U.S.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

OCTOBER 13, 2016

The survey found that three-quarters of consumers said that if they were given a guarantee against monetary fraud it would encourage them to use mobile payments, but only 44 percent of businesses are interested in doing so, which is indicative of something. Digital Currency – Millennials Just Aren’t That Into You.

Mobile 100

Mobile Payments Apple Samsung 100

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Credit Union Lifetime Achievement Awards.

Idaho 148

Idaho Conference Data Marketing 148

NCR

AUGUST 22, 2017

Everyone in the financial services industry has heard clichés about banks facing strong headwinds fueled by everything from global economic turbulence, to the fickle expectations of millennials, to competitive pressures from agile fintechs – the new kids on the banking block.

Fintech 45

Fintech Innovation Millennials Customer Experience 45

Fintech Labs Insights

DECEMBER 2, 2015

Founded in 2007 and headquartered in West Des Moines, Iowa, Social Money is geared toward millennials and Gen Y consumers – a point underscored by Flake. In July, Q2 Holdings acquired anti-fraud, risk management specialist, Centrix Solutions for $20 million. The Social Money acquisition is the second for Q2 in 2015.

Iowa 12

Iowa Austin Millennials Community Bank 12

PYMNTS

OCTOBER 20, 2016

Although millennials and mass affluents are obvious early adopters, the survey found that all consumers are open to digital payments. While Google has launched an Android Pay function into its mobile Chrome browser, PayPal is relying on its popularity and its millennial-enamored app Venmo. EMV migration in the U.S.

Apple 100

Apple Mobile America Payments 100

Gonzobanker

DECEMBER 19, 2016

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ). THE STINKIN’ FEDS AWARDS.

Utah 60

Utah System Community Marketing 60

Social Assurance

APRIL 13, 2021

Don’t you remember when you were building your business case for implementing mobile deposit, and your Chief Risk Management Officer almost fell off her chair with the sheer thought of the amount of fraud that was going to occur? Financial wellness for our clients, customers, communities, and of course, our children.

Branding 15

Branding Fraud Arizona Data 15

Gonzobanker

DECEMBER 19, 2016

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool! It’s funny, tongue-in-cheek and just plain different.

Utah 60

Utah System Community Marketing 60

William Mills

MAY 11, 2016

Fiserv is meeting that need for FIs and millennials. Industry leader Fiserv is tackling the issue account opening for Millennials. Started talking about the challenge of having to change credit cards all the time (due to fraud). This is an extension of business services, powered by a local community bank. That’s new.

Video 40

Video Mobile social media Analytics 40

Gonzobanker

JUNE 3, 2015

One of the challenges we see facing managers is that when they are done dealing with daily issues, regulatory changes and fraud/loss challenges, all of which is never-ending and important, there’s just not a lot of energy and time left to dig into the detail of industry innovation. We very seldom, if ever, see that report.

Management 60

Management Examples Lending Conference 60

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. Community bank marketing resources. Two very strong and focused community banks unite to combine big bank reach with community bank style and make the bet that it can scale to $15 billion and beyond. Millennials.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

APRIL 18, 2016

1 source of online fraud. And Messenger and Marcus’ big bet is that its chatbots will provide a mechanism for brands to strike up those conversations with their community faster, cheaper and as well – if not better – than a live person can do now. Remember ZeuS ? CONVERSATION, CONTEXT AND CONTROL. All inside the Messenger platform.

Google 100

Google Mobile Branding Apple 100

Fintech Labs Insights

MARCH 22, 2016

Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. Alt-lender targeting millennials . Community platform for investors. Fraud solutions based on email addresses. Cachet Financial Solutions raised $500,000 for its remote deposit platform. Alt-lender to students. HQ: California.

Company 12

Company New York City Fintech Colorado 12

PYMNTS

DECEMBER 26, 2016

” Fraud’s Upward Flight. Likewise, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of 2016. Michael Reitblat, CEO of Forter, put it plainly: “We see more fraud attempts happening, and we see them for larger dollar amounts.”

Fraud 110

Fraud US Data Payments 110

PYMNTS

OCTOBER 27, 2016

By collaborating, the banks can now offer customers fraud prevention and loyalty programs with an eye toward reducing costs and providing a certain level of customization. The developer community within the tracker is separated into three categories: Shopping and Payments, Operations and Marketing.

Payments 100

Payments Software Meeting Management 100