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How The Market Gets Interest Rate Predictions Wrong

South State Correspondent

In a few short months, stronger economic data (higher GDP, stronger job market, and stubborn inflation) changed the market’s and the Fed’s view on the future path of interest rates. The market and the Fed are now aligning on only one rate cut in 2024 – obviously this will change over the course of the year as the economic data evolves.

Marketing 195
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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

In the January Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including a retrospective look at the CU industry in the 2010s, an examination of hybrid cloud technology and a new synthetic identity security threat that could steal hundreds of thousands of dollars. CUs like St. Around The Credit Union World.

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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. This month the Federal Reserve named Dave Sapenaro , its current first vice president and chief operating officer at the Federal Reserve Bank of St.

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Faster Payments And The Fed, Two Years On

PYMNTS

David Sapenaro, first vice president and chief operating officer of the St. It may be no surprise that security remains top of mind for the innumerable stakeholders in the payments arena. Challenges the task force needs to address include identity management, data protection and information sharing.

Payments 111
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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

Global Payments, The SME Market And Mary Kay. The motivation behind the partnership for Global Payments is an initial onslaught into the SME market. Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups. Louis with 10,000 people currently using the app.

Mobile 100
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Is commercial lending on the rise?

Independent Banker

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. First Business Bank is also experiencing good overall growth on the bank side serving business customers in its markets. Quick Stat.

Lending 158
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Retail Pulse: Walmart Tests ‘Great Workplace,’ Sainsbury’s Opens Cashierless Store

PYMNTS

Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. Louis, Tampa and New York. billion for its stores in comparison to $1.63 billion in the year prior.

Retail 100