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Easing SMBs’ Digital Transformations Through Online Payment Acceptance

PYMNTS

Among the numerous ways small businesses have been affected by the global pandemic, the sudden race to launch online operations has been among the most profound — and may ultimately be among the most long-lasting changes to the SMB community. “It does seem absolutely logical, up until the point that you start calculating costs.”

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Shopify To Launch New BNPL And Banking Tools For Merchants

PYMNTS

Shopify , an eCommerce company, hosted its first virtual event for members of its global community, the Canadian firm announced Wednesday (May 20). The company also unveiled a Shopify Balance Card that will provide merchants with access to their money faster when spending in-store, with mobile or online, as well as withdrawing from ATMs.

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How To Ensure Community Banks Aren’t Left Behind In The Digitization Revolution

PYMNTS

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

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BECU On Why It Pays To Think Like A Challenger Bank

PYMNTS

Consumers’ affinity for online banking solutions, especially mobile banking, is far from new. This represents a challenge for the banking sector, as financial institutions (FIs) including community banks and credit unions (CUs) have to both manage the negative impacts of the current crisis and keep online service seamless.

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Healthcare Rx: Flexible Payment Systems Drive Positive Patient Experience

PYMNTS

If a little eBay store, so to speak, can facilitate online payment easily, the dental practice in town or the orthopedic practice in town has the same ability. They have the same tools,” he said, noting that the payments industry has shown along the way that all these things can be done easily and with little or no cost. We all do it.

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Now is the time to prepare for the FedNow launch

Independent Banker

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics. “And

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Can Data Give Small Banks An Edge Over The Big Boys?

PYMNTS

For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., But community banks still face tough competition from larger financial institutions. trillion in assets.

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