Finextra

JUNE 2, 2024

Rural, thrift and community banks are where large numbers of people and small businesses find access.

Community Banks 59

Community Banks Small Business 59

Electronic Payments Coalition

FEBRUARY 8, 2024

That’s why credit unions and community banks in all 50 states oppose the Durbin-Marshall Credit Card Bill. The post The Data is Clear: The Durbin-Marshall Credit Card Bill Will Harm Credit Unions and Community Banks appeared first on Electronic Payments Coalition.

Credit Union 59

Credit Union Community Banks Credit Cards Debit Card 59

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. Leveling the Playing Field.

Community Banks 82

Community Banks Innovation Financial Literacy FinTech 82

Electronic Payments Coalition

OCTOBER 30, 2023

Although the Durbin Amendment supposedly “exempted” community banks and credit unions, data from the Federal Reserve clearly show that, following the amendment’s passage, interchange revenue fell for these entities in real terms. The same thing will happen if proposed credit card routing mandates are enacted into law.

Credit Union 40

Credit Union Community Banks Federal Reserve Credit Cards 40

Payments Source

SEPTEMBER 9, 2019

The massive scale of the e-commerce market is burdening community banks with its volume of payments. But there may be strength in numbers.

Community Banks 68

Community Banks Volume Payments Real Time Payments 68

PYMNTS

MARCH 6, 2020

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

Community Banks 69

Community Banks Small Business FinTech Automation 69

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.

Community Banks 49

Community Banks Faster Payments Federal Reserve Small Business 49

PYMNTS

JANUARY 24, 2019

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. ICBA Bancard’s 1,600 community bank customers have issued more than 7.3 ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

Community Banks 62

Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

APRIL 3, 2020

Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. Mnuchin said in a tweet , “#PPPloan now over $875,000,000 processed almost all from community banks! Big banks taking applications and will submitting them shortly.”

Community Banks 61

Community Banks Process Small Business Non-Bank 61

Lending Front

FEBRUARY 22, 2021

If JPMC is scared about the growth of Fintech, your community bank certainly should be, especially when it comes to business lending. . Here are a few ways in which fintech is affecting the business lending landscape for community banks. Community banks and credit unions are a long-established source of those loans.

Credit Union 52

Credit Union Community Banks FinTech Processors 52

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Banks 62

Community Banks Online and Mobile Banking Credit Union Caps 62

PYMNTS

NOVEMBER 13, 2018

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.”

Community Banks 73

Community Banks FinTech Due Diligence Treasury 73

Finextra

JULY 7, 2024

I had an hour-long conversation with my peers at the World Finance Council panel discussion in Singa.

Community Banks 59

Community Banks Technology Finance 59

Payments Source

FEBRUARY 3, 2021

Vast Bank in Oklahoma is one of the first to allow customers to purchase digital currencies, a market that has proved lucrative for fintechs.

Community Banks 123

Community Banks Digital Currency FinTech Cryptocurrency 123

The Paypers

JULY 27, 2022

CSI ), a US-based provider of end-to-end fintech and regtech solutions, has partnered with Bankers Helping Bankers to help the organisation’s mission of empowering community banks. Computer Services, Inc. (

Community Banks 36

Community Banks FinTech 36

PYMNTS

APRIL 12, 2019

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Community banks say their services are often too expensive and can sometimes be delayed.

Community Banks 49

Community Banks B2B Legal Addressing 49

Payments Source

AUGUST 16, 2017

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.

Community Banks 63

Community Banks Blockchain Technology Digital Currency 63

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

Community Banks 46

Community Banks Payment APIs and Integration FDIC Mobile Deposit 46

Payments Source

JULY 24, 2018

With just two partnerships, eBay is cutting off a big opportunity for community banks.

Community Banks 65

Community Banks PayPal Payments 65

PYMNTS

OCTOBER 16, 2017

Last week, P2Bi announced the rollout of a new partnership program that enables community banks to participate in its small business loan marketplace. Community banks are typically a better bet for small businesses in search of a loan, with approval rates higher than those at larger financial institutions.

Community Banks 44

Community Banks Small Business FinTech Federal Reserve 44

The Paypers

DECEMBER 4, 2020

ZSuite Technologies , a financial technology company offering digital tools that help small businesses and individuals automate collection of recurring payments and manage security deposits, has partnered with US-based BAC Community Bank (BAC).

Community Banks 44

Community Banks Small Business Automation Security 44

Tom Groenfeldt

JANUARY 29, 2019

Community banks don't trust The Clearing House and its big bank owners to treat them fairly -- they want the Federal Reserve to develop a real-time payment system of its own and extend it to financial institutions of all sizes.

Federal Reserve 74

Federal Reserve Real Time Payments Community Banks Payments 74

PYMNTS

JANUARY 25, 2019

Community banks could put more contactless cards into the hands of consumers with the help of the Independent Community Bankers of America (ICBA). million: The minimum number of payment cards that ICBA Bancard’s community bank customers have issued. And the demand for faster payments is strong in the U.S.,

Community Banks 46

Community Banks Faster Payments Contactless Payments Economy 46

PYMNTS

OCTOBER 10, 2018

Together, the companies are launching RegalOne, an application that provides integrated virtual cards to the corporate customers of regional and community banks. The app will leverage Mastercard In Control for Commercial Payments, letting community banks provide a white-labeled accounts payable platform for their corporate customers.

Community Banks 53

Community Banks Visa Accounts Agreements 53

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Kearney found 26 percent of small business cardholders have community banking relationships in place. There’s a lot of runway here.

Community Banks 47

Community Banks Small Business Credit Cards Due Diligence 47

PYMNTS

MAY 31, 2018

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. Joint efforts from community banks are reportedly picking up steam.

Community Banks 41

Community Banks FinTech Non-Bank Small Business 41

Lending Front

JUNE 6, 2021

Enter community banks. By understanding the unique circumstances facing local small businesses, you can play a crucial role in filling their financing gaps—and ensure they remain open to serve the communities that depend on them. Here’s how community banks can help meet their needs. .

Small Business 52

Small Business Community Banks Economy Non-Bank 52

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. ” Analysis has also found that community banks are playing a larger role in small business lending. “Now, small businesses are stepping in to get a piece of the pie.”

Community Banks 53

Community Banks Small Business Risk Assessment Underwriting 53

PYMNTS

JUNE 25, 2019

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Seed members will be migrated to Cross River as the community bank expands with new offices in California and Oregon.

Community Banks 46

Community Banks Acquirers FDIC Small Business 46

PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market.

Community Banks 43

Community Banks Federal Reserve Fed Small Business 43

Payments Source

JANUARY 19, 2021

Smaller institutions are relying on an issuing system that gives away control over card programs, says Corserv's David Luther.

Community Banks 91

Community Banks Payments Process Digital Payments 91

Lending Front

MAY 11, 2021

Small banks play a big role in community-building . With widespread vaccine distribution and restrictions easing, community banks and credit unions are in a position to support small businesses and work to eliminate the funding obstacles in the way of Black small business. Here are three ways to start: .

Community Banks 52

Community Banks Small Business Federal Reserve Non-Bank 52

PYMNTS

NOVEMBER 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities.

Community Banks 46

Community Banks Credit Cards Non-Bank Small Business 46

The Paypers

SEPTEMBER 2, 2021

Jack Henry ’ Banking division has announced that five community banks selected the Core Director system in the first half of CY21 and are deploying it in Jack Henry’s private cloud environment.

Community Banks 31

Community Banks 31

PYMNTS

JULY 3, 2019

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too.

Community Banks 46

Community Banks FinTech Small Business Risk 46

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46