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Giving Community Banks The Contactless Card Boost

PYMNTS

Contactless has yet to catch on in the United States, despite years of promotional efforts and the success of the payment method in the U.K., However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives.

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FinCEN Strengthens Commitment to Digital Innovation

Abrigo

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Abrigo Embraces Innovation with Machine Learning Scenarios. Be at the forefront of innovation in BSA/AML. learn more.

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FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions

Abrigo

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. financial system. Learn more.

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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Here In The States. In the United States, sandboxes are grabbing a bit of headline space.

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Building A Digital And Subscription Community For Hockey Parents

PYMNTS

To help hockey players stay up to date on the latest sports equipment, eCommerce innovator the PenaltyBox offers subscription boxes comprised of a myriad of hockey essentials, from well-known brands to up-and-coming companies the PenaltyBox team tests themselves. He sees it less as a group and more of a community.

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New Report: 100 CU Execs On The Impact Of The Pandemic On Their Payments Innovation Agenda

PYMNTS

Many consumers in the United States were confident in their financial stability at the end of 2019, but this came to an abrupt halt by the end of 2020’s first quarter when COVID-19 was declared a pandemic. To learn more about how CUs’ card innovation priorities are changing in the wake of the pandemic, download the Playbook.

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

The critical question, then, is not whether retailers can comply with these rules, but how they will do so while remaining competitive, Nicholas Ahrens, vice president of innovation at U.S. We maintain a privacy leaders council with the heads of privacy as well as payments communities, [and] this is never a new conversation,” he said.