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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

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Judge Wants Payday Loan Firm To Pay $132.5M To Victims

PYMNTS

A Kansas City payday loan company and its operator will be compelled to pay $132.5 The company’s assets were sold years ago, the Kansas City Star reported Friday (Sept. The payday loan industry has drawn fire from critics for years, and some experts think technology may offer a desirable alternative.

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Small banks: Big challenges and big opportunities

Abrigo

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Balance runoff is picking up speed, according to financial consulting firm Curinos.

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Fed Names Leader For FedNow Faster Payments Service

PYMNTS

“Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He

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US Government Plans $20M Payroll Upgrade After Shutdown Debacle

PYMNTS

Federal Government is gearing up to overhaul and upgrade its payroll technology thanks to a $20.7 million investment from the Technology Modernization Fund. Plans for the upgrade mean a single, cloud-based payroll system, operated by the General Services Administration (GSA), would be used across all government agencies.

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US Government Chooses Partners For Payroll Updates

PYMNTS

General Services Administration (GSA) revealed that Carahsoft Technology Corporation and Grant Thornton have been chosen for multimillion-dollar task orders. The Carahsoft team, which will include collaboration from immix Technology and Deloitte Consulting, will offer Kronos and SAP tools. In an announcement on Thursday (Sept.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions.

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