PYMNTS

JULY 23, 2019

Among the main stories in payments in recent months has been the increasing push to reform federal banking laws so that legal cannabis retailers can move away from their cash-based businesses and move further into the world of the digital payments. On Tuesday (July 23), that push lost some steam, at least temporarily.

Taxes 187

Taxes US California Idaho 187

PYMNTS

JANUARY 26, 2021

Wider adoption will be driven, in part, by regulatory frameworks that enhance security and foster trust in using cryptos in everyday commerce. The company also offers an FDIC-insured checking account to help spur crypto-friendly banking, Johnson noted. They will be rolled out to merchants and more people will be able to accept them.”.

cryptocurrency 256

cryptocurrency Bitcoin blockchain FDIC 256

Jeff For Banks

AUGUST 22, 2014

My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. trillion in assets , while bank assets in all FDIC insured financial institutions was $14.7 trillion for the same period.

Retail 84

Retail Tools Management Taxes 84

PYMNTS

MAY 14, 2018

In a press release , Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking service. Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank.

Online 101

Online FDIC Lending Analytics 101

PYMNTS

NOVEMBER 30, 2018

According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services.

blockchain 136

blockchain Bitcoin cryptocurrency FDIC 136

Jeff For Banks

JUNE 2, 2023

In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). We took a serious reputational hit. credit default swaps anyone?). Good times.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

JULY 11, 2018

Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank.

Digital Banking 103

Digital Banking United States FDIC ATM 103

Payments Source

JULY 17, 2016

FDIC) narrowly avoided disaster when sensitive information for 44,000 agency customers was stored without proper security measures…on a personal storage device. Earlier this year, the Federal Deposit Insurance Corp.

FDIC 60

FDIC Data Security Analytics 60

PYMNTS

JULY 14, 2020

percent annual percentage yield (APY), an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,’” a statement said. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

NOVEMBER 1, 2018

report: “The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks.”. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. People want to keep their money in a place that consumers trust,” Webster’s article stated.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Perhaps Cole’s biggest concern is the precedent it would set if Square is successful at securing such a charter.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

JULY 17, 2017

Since the recession of 2008, the retail industry has been in constant flux and has seen a mere two percent expansion over the last eight years. economy is seeing its second consecutive month of retail sales declines. While retail sales fell 0.1 percent decline in June, even though retail spending has increased 2.8

Retail 108

Retail Online Industry Report 108

Abrigo

DECEMBER 19, 2019

Today, the demand for retail deposits is keeping deposit rates higher than they typically stay when wholesale rates begin to drop, explains Darryl Mataya , Senior Advisor at Abrigo. “In In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Develop a disciplined loan pricing model. Look to expand your digital footprint.

Lending 195

Lending Fraud Community FDIC 195

PYMNTS

JULY 16, 2018

We have investigated the matter thoroughly, addressed the cause and, as a precaution, have implemented additional security measures,” Macy’s said in an emailed statement. Macy’s was able to confirm that social security numbers were not accessed — but that data like birthdays and addresses might have been.

Cards 100

Cards Data Digital Banking Retail 100

PYMNTS

OCTOBER 26, 2018

And, as an added bonus, employees thus far have also reported enjoying using the smartwatches, noting that they add a “James Bond” feeling to their jobs, according to Pablo Sanchez, HSBC North America senior executive VP and head of retail banking and wealth management. and globally, though an official timeline has not been set.

Samsung 134

Samsung Apple Study Report 134

Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

San Francisco 186

San Francisco Fintech Innovation Security 186

PYMNTS

AUGUST 30, 2018

Cash was actually shaping up to be a security liability for Hill Country, which kept getting robbed. By maintaining this cash on [the] premises for any period of time, we inevitably have a less secure environment than one in which there is no cash around,” Glosserman said in a statement posted on Hill Country’s website.

Washington 100

Washington FDIC Security Cards 100

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

Jeff For Banks

MAY 6, 2010

It is these customers that give the banking industry the false sense of security and results in only minor tweaks to business as usual. In the past ten years, deposits in FDIC-insured institutions grew approximately 7.4% That may also give us the false sense of security that all will work out for those that survive.

FDIC 60

FDIC Trends Security Strategy 60

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Security Bank Midwest. Security Bank. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. More than 500,000 customers have received secured cards through the program. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MARCH 2, 2018

The bitcoin mining companies don’t hire anyone when they come to town — except security guards. The latest round of this so-called crypto-jacking was reported this week when a hacker or gang of hackers broke into a Tesla-owned Amazon cloud account and used it to “mine” cryptocurrency, security researchers said. “We

Bitcoin 104

Bitcoin cryptocurrency Taxes Community 104

Celent Banking

DECEMBER 13, 2016

The FDIC expresses best the sentiment of worldwide regulators: “A bank’s use of third parties does not relinquish responsibility… but holds it to the same extent as if the activity were handled within the institution." " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

PYMNTS

OCTOBER 12, 2018

For 73 percent of Americans, participating in the digital economy is as easy as securing internet access and entering their relevant credit, debit or bank account numbers with the merchants and service providers they want to buy from and setting up their mobile banking app.

ATM 158

ATM FDIC Payments Online 158

Abrigo

AUGUST 8, 2021

The Federal Reserve, the OCC, the NCUA, and the FDIC repeatedly pointed out that the nature of loan review or credit risk review at a given bank or credit union will vary. An effective credit risk rating framework is one that monitors loans and retail credit segments or portfolios that have similar risk characteristics.

System 195

System Lending Policies Regulation 195

PYMNTS

MAY 2, 2016

Walmart has updated its iOS application — this time, enabling Walmart Pay, which takes its place among new features offered by the retailing giant. Goldman Sachs announced last week that it is officially entering the world of online retail banking with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank.

Software 100

Software Mobile Regulation FDIC 100

MyBankTracker

DECEMBER 17, 2020

First Progress Platinum Prestige MasterCard Secured Credit Card Great for those with bad credit. Discover it Secured No annual fee. Discover it Secured No annual fee. Capital One Secured MasterCard Low security deposit to get started. Wells Fargo Secured Visa Credit line (security deposit) maximum of $10,000.

ATM 52

ATM Cards FDIC Online 52

Fintech Labs Insights

MAY 24, 2021

Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Faster access to direct deposits. Business debit card with free withdrawals. app store ratings (actually 4.7 in Apple store, 4.5

Taxes 15

Taxes United States FDIC ATM 15

Fintech Labs Insights

MAY 24, 2021

Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Faster access to direct deposits. Business debit card with free withdrawals. app store ratings (actually 4.7 in Apple store, 4.5

Taxes 15

Taxes United States FDIC ATM 15

Independent Banker

AUGUST 26, 2015

The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage.

San Francisco 70

San Francisco Lending System Atlanta 70

CFPB Monitor

NOVEMBER 22, 2022

The Federal Reserve, FDIC, and OCC should finalize the interagency guidance for banks on managing risks associated with third-party relationships that was proposed in July 2021.

Fintech 78

Fintech Report Data Lending 78

CB Insights

DECEMBER 4, 2019

Bill Me Later was one of the earliest fintech payment platforms on the market and gave big retailers the ability to offer flexible financing programs. The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay.

Cards 101

Cards Lending Strategy US 101

Fintech Labs Insights

JULY 9, 2015

Board members—Senator Bill Bradley, former FDIC Chairman Sheila Bair and former FASB Chairman Robert Herz. Accommodates both retail and institutional traders. It also offers tax documentation and FDIC insurance for U.S. . $30 million in funding. Headquartered in New York City. Thousands of users across the globe.

Bitcoin 12

Bitcoin Regulation New York FDIC 12

Independent Banker

FEBRUARY 24, 2016

So we want our checking accounts to be FDIC insured. If you think about it, for the vast majority of retail banking institutions, they’re nearly identical. People tend to overestimate the security of the status quo. Now the customer expectation is for not only function but design. In other words, we expect our products to work.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Fintech Labs Insights

APRIL 17, 2017

The company focuses on commercial, retail, and multifamily properties in all major U.S. The company sells debt securities called Limited Resource Obligations (LROs) to investors with a minimum investment of $10. Cadre undertakes all sourcing and due diligence on properties before presenting the opportunities to investors. Groundfloor.

Technology 19

Technology Montana Company Management 19

William Mills

SEPTEMBER 9, 2016

Our platform is open source, which makes it more reliable, innovative and secure. Bank secured social funding.” This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. How do we heighten security while making it easier for the user. I believe that. Very nice UI.

social media 40

social media ATM Mobile Customer Experience 40

Independent Banker

MARCH 15, 2015

Retail locations: Seven. FDIC Advisory Committee on Community Banking, member. One officer at The Peoples Bank has served as the event’s treasurer for 20 years, shepherding the picnic funds and keeping them secure. Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. By Kelly Pike.

Ohio 70

Ohio Community Bank Community Lending 70