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Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Check out our 1071 compliance resources. The result?

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Report: The Risky Business Of Navigating Online Sales Tax For Merchants

PYMNTS

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. merchants may also be feeling new pains when selling to Kansas. There are already more than 2.5 Around The Next-Gen Sales Tax World.

Taxes 133
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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds. a financial services holding company based in Kansas City, Missouri. Brex said the FDIC insurance on uninvested cash reserves up to $250,000 is the result of a partnership with UMB Financial Corp. ,

FDIC 166
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How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

Will this increasingly regulated online sales tax environment affect this growth? The latest Next-Gen Sales Tax Tracker explores the complexities and challenges of compliance for different business models. Kansas stands out for recently passing an economic nexus law that does not include any exemptions for small businesses.

Taxes 129
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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. population.

Cards 125
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Visa’s Approach To Simplifying Cross-Border Payments

PYMNTS

Cross-border transactions remain difficult to navigate due to the various regulations and technologies available in different countries. You have to make sure the colors match up across a myriad combinations of markets, currencies and use-cases. Ensuring Compliance While Improving Speed and Convenience.

Payments 144