article thumbnail

Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

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.

article thumbnail

ICBA Bancard And Urban FT Link Up For Prepaid Cards

PYMNTS

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. based Sunrise Banks, a $1.1 trillion by 2022. Paul, Minn. Paul, Minn.-based

article thumbnail

BECU On Why It Pays To Think Like A Challenger Bank

PYMNTS

The COVID-19 pandemic is highlighting how necessary these solutions are for consumers’ banking needs, however, and how high their standards for these channels have become. One poor online or mobile user experience can dissolve consumers’ loyalty, sending them straight into the arms of the competition.

article thumbnail

Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

In May, the startup announced a partnership with Premier Community Bank in Bradenton, Florida, which Praeger said will extend its reach into this difficult vertical. Dave Wilson, founder and chief architect at DadeSystems , said that legacy remote deposit capture systems only solve the first part of the equation.

article thumbnail

Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

In May, the startup announced a partnership with Premier Community Bank in Bradenton, Florida that Praeger said will extend its reach into this difficult vertical. Dave Wilson, Founder and Chief Architect at DadeSystems , says legacy remote deposit capture systems only solve the first part of the equation.

article thumbnail

MOX Pay from Malauzai is First with RDC as Payment Option

Fintech Labs Insights

With MOX Pay from Malauzai Software , community banks and credit unions will be able to offer their business customers apps that will enable them to accept payments via remote deposit capture (RDC).

RDC 16
article thumbnail

Community Banks’ Leg-Up On The SME Lending Giants

PYMNTS

Small community banks may not have the ample resources that Wells Fargo or Bank of America have to develop high-tech, experimental solutions internally. At least, Seacoast Bank VP and Digital Project Manager Jeff Lee and CEO Denny Hudson believe so. ” Florida-based Seacoast Bank has $3.5