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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

The company has a partnership with Amazon in which it lends to customers with low credit scores. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

Data 130
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Clear Mountain Bank reaches new heights

Independent Banker

Consider, for example, its commercial lending approach. Bankers at its nine branches in north-central West Virginia and one in western Maryland spend time getting to know each customer and understanding their unique circumstances. of Clear Mountain Bank’s loan portfolio comprises commercial lending, primarily to small businesses.

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Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Elizabeth Judd is a writer in Maryland.

Fraud 160
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5 payments trends you should know about

Independent Banker

According to a Lending Tree survey, 43% of Americans have used BNPL, up from 31% year-over-year. Post-purchase is more responsible to offer to cardholders,” says Rebecca Kruse, executive vice president and chief operating officer at ICBA Bancard. “It Address fraud and security. Colleen Morrison is a writer in Maryland.

Trends 140
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The Internet of Things

Independent Banker

O’Connell wonkily defines the tech concept as how “data flows off of machines to their owners and operators and also third parties.” If you’re not comfortable lending against devices or machines, you might be if you can confirm they are continually in use and generating revenue,” O’Connell says. Highlighting Technology Trends'

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Efficiency now: 8 smart strategy tips

Independent Banker

During the pandemic, the Fed bought up massive numbers of mortgage-backed securities, with banks enjoying unprecedented sales levels and gain on sales margins. The days of people coming in to cash their Social Security checks—those are pretty much gone. You don’t go to school to learn how to become head of deposit operations.

Strategy 135
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The top-performing community banks of 2021

Independent Banker

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. Michael Bartkoski, executive vice president and chief operating officer, NBKC Bank.