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The Big Banks’ Coming Venmo Killer

PYMNTS

Can the biggest banks in the United States catch up to the millennial-beloved Venmo with their own P2P payments app? If it sounds a bit familiar, it is probably that the service has been operating for several years under the name clearXchange. So, will people excel at Zelle?

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Data Dive: Disappointment Edition

PYMNTS

Disappointed millennials rejected by credit card companies. Millennials — Once Rejected, Twice Shy. Millennials’ “take it or leave it” attitude toward credit has been well documented over the last several years. Because there was lots of disappointment to go around last week.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. “The They differ in terms of assumed risk and FIs’ control over their card programs.

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Community Banks, Where Moving Beyond Interest Income Is In The (Credit) Cards

PYMNTS

But the financial world is changing, Moorer told PYMNTS, due to generational shifts and consumers’ needs transitioning from baby boomers to the millennial. The community banking model is based on customer relationships and the allocation of capital and extending loans.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. And for many people heading back to the office from remote work, podcasts can be a productive and enjoyable way to pass the commuting time.

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Fighting Digital with Digital

Independent Banker

This approach can serve as a powerful opportunity to reach the millennial generation of consumers and small-business owners as they reach financial maturity. a community bank operating and software services firm in Wilmington, N.C. However, this approach can only work with adaptation to a new service standard.

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Digital Disruption

Independent Banker

Consider the 80 million millennials who would rather manage their finances with a smartphone app than visit a bank branch. Likewise, so-called underbanked consumers make up 20 percent of households operating outside or on the periphery of the mainstream banking system. These insights emulate relationship banking.