Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Those conversations, he says, centered around whether community banks could compete against this brash group of newcomers. Photo by Pogonici/iStock. Quick Stat.

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Community Bank Community Fintech Risk Management 159

Abrigo

FEBRUARY 6, 2024

4 Reasons better check fraud prevention is a good investment Check fraud is on the rise. Learn how you can save time and money in the long run by updating check fraud prevention capabilities today. Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs.

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Fraud Training Trends Regional 221

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks.

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Community Bank Community Fraud Texas 134

South State Correspondent

OCTOBER 16, 2024

On top of that, a bank’s branch and card support network spends a lot of time handling card accounts, from opening to replacing cards to solving problems. Materials, training, and fraud also contribute to bank expenses. Doing any of these things can dramatically reduce debit card fraud activity.

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Cards How To Fraud ATM 195

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Examples of remote authentication fraud.

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Fraud Strategy Community Bank New York City 160

Abrigo

NOVEMBER 14, 2024

Although the above example is a large bank, similar enforcement actions are being handed down to community banks. Key strategies to prevent BSA enforcement actions To prevent BSA enforcement actions, banks must prioritize proactive compliance measures. Is a FRAML department better?

Compliance 221

Compliance How To Training Software 221

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists?

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Community Bank Community Lending Louisiana 144

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. According to the new advisory , t wo fraud typologies are trending: imposter scams and money mule schemes.

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Fraud Lending Software Analytics 195

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Takeaway 3 Recommended reports on AML and fraud metrics for the board include those on high-risk customers and trends on types of fraud and suspicious activity seen.

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Compliance Fraud Report Trends 195

PYMNTS

AUGUST 3, 2017

Some of the strategies outlined in the Task Force report include allowing a market-first approach to governing the faster payments system, greater education efforts for the industry and more research to develop fraud detection systems. Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise.

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Community Bank Community Report Millennials 117

PYMNTS

NOVEMBER 13, 2020

13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly misleading investors in connection with the bank’s unauthorized accounts scandal. Securities and Exchange Commission ( SEC ) on Friday (Nov. Stumpf agreed to settle the charges by paying a $2.5

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Fraud California Security Community Bank 230

Abrigo

MAY 24, 2024

Fraud detection and AML systems: Ensure these systems are integrated and operational at your institution to stay on top of financial crime. Fraud prevention: Procedures to detect and prevent account opening fraud. Institutions can connect to FedNow through their core systems or other service providers.

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How To Fraud Resources Georgia 243

South State Correspondent

APRIL 9, 2025

Most national banks scored relatively well. Community banks, not so much and the majority of banks can still not open an account digitally. The Problem with Todays Bank Websites Current bank websites are designed for human navigation.

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How To Data Security Management 221

Abrigo

JUNE 4, 2024

Panelist Roxanne Chance-Chin , BSA Officer at the Bank of Tampa, urged financial institutions to stay alert to the cumulative effects of economic cycles and be prepared for potential rapid shifts in credit quality. The panel addressed the negative perception of compliance in community banking, advocating for a shift in perspective.

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Compliance Community Community Bank Conference 221

ABA Community Banking

FEBRUARY 20, 2025

In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day roundtrips for bowling tournaments. For Clayton, that commitment to going the distance is also what community banking is about.

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Policies New Mexico Community Bank Community 105

Banking Exchange

DECEMBER 7, 2022

Several fintech companies have been accused of poor practices when handling PPP loans Community Banking Feature3 Feature PPP Compliance.

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Community Bank Community Fraud Compliance 78

PYMNTS

MARCH 28, 2019

“Through this collaboration, ICBA Bancard continues to push the innovation envelope with solutions that are focused on delivering the very best products to community banks and their customers.”. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

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Community Bank Community Lending Cards 190

ABA Community Banking

APRIL 8, 2025

Nearly nine in 10 Americans with a bank account (89%) say they are very satisfied or satisfied with their primary bank and 93% rate their banks customer service as excellent, very good or good, according to an ABA survey. consumers happy with their bank, applaud fraud protection efforts appeared first on ABA Banking Journal.

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Survey Fraud Community Bank Policies 52

BankInovation

JANUARY 30, 2023

Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce fraud as voice-cloning tools and advanced AI present more opportunities for fraudsters within financial services.

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Fraud Community Bank Community Tools 98

PYMNTS

MAY 27, 2020

And that is something that merchants, as well as community banks and credit unions, must be prepared for.”. For credit unions (CUs) and community banks serving those small businesses, partnerships can help speed up the process of providing financial services and to enable new payment flows for merchants. Getting Prepared.

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Mobile Community Bank Cards Community 280

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. 18% of these consumers opened an account with an online-only direct bank.

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Community Bank Community Fintech Guidelines 91

PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. It’s a story told by the data itself, Lesher said. Square announced $1.3

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Cards Mobile Community Bank Community 224

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

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Trends Payments Community Bank Texas 140

American Banker

JULY 24, 2024

A rising number of check fraud cases involving counterfeit checks is compounding the already-serious problem of fraud in one of the oldest payment methods widely available.

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Community Bank Community Fraud Payments 83

PYMNTS

SEPTEMBER 14, 2017

In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As Taking steps now to protect your community bank and customers is more important than ever.

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Community Bank Fraud Community America 128

PYMNTS

SEPTEMBER 30, 2020

Morgan Chase, Bank of America, etc. — and the digital challenger banks. By contrast, he said he believes community banks run the risk of being left behind unless they partner quickly and wisely with the right technologists and raise their digital game.

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Cards Tools Community Bank System 334

ABA Community Banking

AUGUST 8, 2024

Treasury checks are among criminals’ favorite targets because generally banks must provide the money before they can learn if the check is not valid or stolen, and it has been reported that they are actively targeting the USDA checks. The post USDA discrimination payments are targets for check fraud appeared first on ABA Banking Journal.

Fraud 105

Fraud Payments Report Community Bank 105

Abrigo

FEBRUARY 6, 2025

Investment compliance and regulatory requirements can pose operational challenges regardless of institution size, from community banks under $10 billion in assets to large, multinational firms.

Compliance 195

Compliance Technology Operations Risk Management 195

PYMNTS

MAY 1, 2018

ACH security service provider ACH Alert is introducing new services aimed at helping banks and other financial service providers address the threat of payments fraud related to faster ACH transactions.

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Fraud Payments Community Bank Tools 100

PYMNTS

DECEMBER 29, 2020

Getting on board with a new payment system — especially one that sends funds irreversibly and in real time — requires FIs to make many changes to internal processes like fraud-fighting s trategies. This friction and limited usability could seriously impede companies’ payments experiences with the rails.

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Payments Strategy United States Report 311

ABA Community Banking

JANUARY 14, 2025

On the inaugural episode of the ABA Fraudcast, former ABA Chair Dan Robb, president and CEO of Jonesburg State Bank in Missouri, describes the recent targeting of his bank by fraudsters who texted thousands of residents of his community, seeking access to customer accounts.

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Community Missouri Community Bank Fraud 69

South State Correspondent

JULY 12, 2023

The combination of RTP and FedNow will allow providers, such as correspondent banks, to offer both rails to provide a more expansive network reach and redundancy. Community bank customers will only have to agree to an irrevocable instant payment, and payment providers will route the payment to the fastest, cheapest, and most stable network.

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Payments Management Fraud Data 370

PYMNTS

SEPTEMBER 27, 2019

Accessibility Beyond Big Banks. Small and community banks were among the early supporters of FedNow when it was first announced, and representing community banks at Thursday’s hearing was Bob Steen, chairman and chief executive officer of Bridge Community Bank, also there on behalf of the Independent Community Bankers of America.

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Payments Kansas City Community Bank Community 174

South State Correspondent

APRIL 15, 2024

As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. of the nation’s business banking within its consumer and community banking division (this division serves small businesses and individuals).

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Community Community Bank Leadership America 195

ABA Community Banking

SEPTEMBER 12, 2024

Fraud is front and center for America's banks. Paul Benda and Peter Cook discuss several recent initiatives taken by ABA to help banks tackle fraud. The post Podcast: More tools to tackle check fraud appeared first on ABA Banking Journal.

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Fraud Tools America Community Bank 75

American Banker

DECEMBER 15, 2022

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Community Bank 69

Community Bank Community Fraud Payments 69

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. During the pandemic, fraud activity has increased, and fraudsters have found new ways to scam bank customers and credit union members.

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Conference San Antonio Lending Fraud 195