PYMNTS

MARCH 6, 2020

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.

Community Bank 173

Community Bank Community How To Lending 173

Independent Banker

AUGUST 31, 2021

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

JULY 27, 2020

Cross-border trade and payments have gotten far easier in recent years, and that’s a beautiful thing for recovering companies seeking new territories and customers. Noting that some countries are able to operate more normally now than the U.S., The world economy won’t wait for the U.S. to recover.”. to recover.

Operations 183

Operations Fraud Payments How To 183

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Community 193

Community Community Bank Regional Lending 193

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

JANUARY 25, 2021

At the same time, Travis Boyce , head of global retail operations at fashion sneaker maker Allbirds seemed to straddle the benefits of both selling formats. sustainability manager for H&M told the NRF conferees.

Community 269

Community Retail Strategy National 269

PYMNTS

OCTOBER 7, 2020

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. The continued acceleration of digital and mobile payments affects both domestic and international payments.”. Expectations are changing, too.

Payments 229

Payments System Operations Training 229

PYMNTS

OCTOBER 10, 2018

Regal Software has announced a collaboration with Mastercard that enables financial institutions to support virtual corporate payments. In a press release , Regal said its agreement with Mastercard will allow banks to provide an integrated payables platform that supports virtual card payments.

Community Bank 134

Community Bank Community Cards Software 134

Independent Banker

DECEMBER 31, 2022

The payments landscape is evolving, and customers’ needs are changing. 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. Top trends in payments. Adopt faster payments.

Trends 140

Trends Payments Community Bank Texas 140

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

SEPTEMBER 18, 2020

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. EVO Payments Wields Visa Rails for Merchants. SWIFT to Launch New Real-Time Rails.

Innovation 291

Innovation Payments cryptocurrency Cards 291

Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. What developments will affect business payments in the short to medium term? What developments will affect business payments in the short to medium term? By Mary Yerkes. are now contactless.

Trends 144

Trends Payments Community Bank Community 144

PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services. Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s

Community Bank 117

Community Bank Community FDIC Washington 117

PYMNTS

JUNE 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. “Interoperability is key to a digitally connected payments ecosystem.”.

Payments 243

Payments Fintech Course Operations 243

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Bank 157

Community Bank Community Millennials Regulation 157

Jack Henry

SEPTEMBER 18, 2023

Community and regional banks and credit unions can learn about payments trends in 2023, FedNow, streamlining experiences, reducing fraud and risk, and the future of payments.

Strategy 97

Strategy Payments Regional Fraud 97

PYMNTS

DECEMBER 28, 2020

Greg Sassone , senior vice president of business and partner growth at WEX Corporate Payment Solutions, said in a recent PYMNTS Spotlight that no “one size fits all” approach can answer the question for financial institutions (FIs) seeking to modernize their corporate client services and transition B2B payments away from the paper check.

Payments 215

Payments Innovation Software Fintech 215

South State Correspondent

JANUARY 16, 2024

Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). Comerica Bank announced a $91mm charge, and Bank of America announced a $1.6B

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

MARCH 27, 2017

As such, there will likely always be a need to adjust staff and operations from time to time. To do this, the company, which currently runs 44 locations, chose to make its operations leaner with the elimination of its community manager. This is a lesson on-demand delivery service Postmates just recently learned.

Community 100

Community Management Nashville Operations 100

PYMNTS

DECEMBER 29, 2020

The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. This friction and limited usability could seriously impede companies’ payments experiences with the rails. Around the World Of Real-Time Payments.

Payments 311

Payments Strategy United States Report 311

South State Correspondent

MAY 15, 2023

community bank management team. An example was a $1.95mm owner-occupied CRE loan, where the borrower had multiple operating accounts totaling almost $500k. While this community bank is not aggressively pricing new loans, losing this commercial credit with a substantial deposit relationship was painful.

National 195

National Community Bank Community Examples 195

PYMNTS

APRIL 12, 2019

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Community banks say their services are often too expensive and can sometimes be delayed.

Community Bank 123

Community Bank Community New Jersey Fintech 123

PYMNTS

JULY 7, 2020

FinTech AeroPay has launched a new suite of digital payment solutions intended for cannabis businesses, according to a press release. The tech will allow both B2B and B2C transactions and will encompass the entirety of the cannabis industry, according to the release, including in-person and online payments.

Payments 185

Payments Survey Industry US 185

PYMNTS

SEPTEMBER 14, 2020

Noting that 86 percent of SMBs said they were at least partially open as of August, up from 79 percent in May, “many SMBs are soldiering on … instituting myriad operational changes to protect their communities and to ease customers’ fears about infection. For contactless payments to really become widespread in the U.S.,

Payments 225

Payments Survey Maine Report 225

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

Payments 294

Payments Data Technology Community 294

Bank Innovation

SEPTEMBER 27, 2018

Bank Frick has grown its operations and staff while shrinking its physical footprint. While legacy banks are establishing digital-only offerings alongside existing services, Mauro Casellini, Bank Frick’s head of blockchain and payment service providers, told Bank Innovation that […].

blockchain 150

blockchain Community Innovation Operations 150

PYMNTS

FEBRUARY 25, 2020

Silicon Valley-based micromobility startup Bird is launching an in-app payments feature that enables its electronic scooter (eScooter) riders to buy from local merchants, Bird announced on Tuesday (Feb. The new payments feature is currently being trialed with select merchants in Los Angeles and Santa Monica. . “An

Los Angeles 178

Los Angeles Payments Community America 178

PYMNTS

MAY 25, 2017

In recent weeks, companies have rolled out several different types of Payments-as-a-Service (PaaS) solutions that are designed to help both online and brick-and-mortar merchants. News from the Payments-as-a-Service Landscape. To download the May edition of the PYMNTS.com Payments-as-a-Service Tracker™ click the button below….

System 124

System Community Payments Report 124

South State Correspondent

MAY 28, 2024

This view is reflected by a sharp decrease in the average contractual loan commitment term at community banks and an increase in floating vs. fixed rate structures. However, community banks should carefully consider the prudence of a borrower’s decision based on the risks and rewards outlined below.

Analysis 195

Analysis Community Bank Marketing Community 195

PYMNTS

AUGUST 23, 2019

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. And to that end, we’ve seen growing engagement and co-operation across the industry.”.

Compliance 192

Compliance Security Payments Community 192

PYMNTS

SEPTEMBER 3, 2020

Only 26 percent of all consumer payments are made in the U.S. Beyond the wholesale shift to digital payments, Cole told PYMNTS in a recent interview, there are pockets of growth that are seeing more digital acceleration than others as lockdowns linger and businesses reopen on a staggered basis. The Demographics .

Payments 262

Payments Security Millennials Retail 262

Bank Innovation

JUNE 19, 2018

The acquisition gives Finastra access to Malauzai‘s over community banks and FI clients and […].

Community Bank 199

Community Bank Community Software Fintech 199

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. ” Analysis has also found that community banks are playing a larger role in small business lending. “Now, small businesses are stepping in to get a piece of the pie.”

Community Bank 134

Community Bank Community Lending Analysis 134

Independent Banker

AUGUST 31, 2021

The payments space can be dizzying for even the most enterprising community bank. Faster payments. A barrage of new payments potential has shaped the market since the start of the pandemic. For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions.

Trends 91

Trends How To Payments Community Bank 91

PYMNTS

NOVEMBER 3, 2020

According to Ashish Jhina , co-founder and chief operating officer of B2B eCommerce platform Jumbotail , there is a significant opportunity to digitize India's food and grocery supply chains, and for these small retailers to embrace online commerce. Catalyzing The Payments Ecosystem. Tackling Unique Pain Points.

Payments 211

Payments Retail United States Online 211

South State Correspondent

APRIL 9, 2024

We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. Community banks should carefully consider the prudence of such a strategy from both a risk and revenue perspective. cuts through the end of the year.

How To 195

How To Community Community Bank Marketing 195

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

Payments 190

Payments Regional Operations Guidelines 190