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7 Ways Instant Payments Impact Deposit Performance

South State Correspondent

Uninsured depositors, those with balances over the $250,000 FDIC threshold limit, are more likely to utilize instant payments and more likely to drain balances. Reducing payment costs and delays to allow for better financial control is proving to drive adoption and capture engagement.

Payments 195
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The 2024 GonzoBanker Awards

Gonzobanker

” Sam Cooke Gonzo Nation, 2024 went by so fast that nobody had a chance to stop and think about what in the world was going on. We humbly offer the 2024 GonzoBanker awards for your review. financial institutions last year. “There’s been times that I thought I couldn’t last for long.

Fraud 88
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Congressional Representatives Express Concern Regarding FDIC’s Regulation of FinTech Firms and Financial Innovation

CFPB Monitor

On February 2, 2024, three Republican members of the House Financial Services Committee sent a letter to Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg expressing concern regarding what the congressmen perceive to be the FDIC’s attempts to reduce engagement with industry participants on financial technology and innovation.