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Lead Bank and GoldBean Will Talk Bank-Startup Success at Bank Innovation 2018

Bank Innovation

EXCLUSIVE – Josh Rowland, Chief Executive Officer and Vice Chairman of Lead Bank, will join Jane Barratt, CEO of GoldBean, to discuss banking innovation and bank-startup partnerships. Bank Innovation 2018 will take place March 5-6 in San Francisco. At Lead Bank, a Kansas City, Mo.-based

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”.

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How Retailers Drive Innovation With Subscriptions (And Payments)

PYMNTS

Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products. The pilot program was first announced in June at the company’s shareholders meeting, with a rollout planned in Vero Beach, Florida; Pittsburgh and Kansas City.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. FedNow Will Augment Private Systems, Not Replace Them .

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). 1 Today, community banks are at a critical crossroads: innovate or be left behind (or acquired). . One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says.

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Fed Names New Payments Security Leader

PYMNTS

The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry. He is also a member of the Fed’s Financial Services Policy Committee and directs financial management initiatives for the Fed’s Financial Support Office.

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How The FedNow Service Could Keep Checks In B2B Payments

PYMNTS

The longer it takes for payments to move, the longer it takes for us to get paychecks, for small businesses to get funds,” said Federal Financial Analytics Managing Partner Karen Shaw Petrou in an interview with the publication. It’s costly because people run overdrafts or take out short-term loans, and it’s economically inefficient.”.

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