Hurricane Helene aftermath prompts card, cash troubles
Payments Dive
OCTOBER 3, 2024
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
Thu.Oct 03, 2024
476 
How to End Price Your Deposit Accounts
South State Correspondent
OCTOBER 3, 2024
You oversee pricing your checking accounts and you are trying to decide between $10.00 per month, $9.99, or $9.95. Which one do you choose? In a prior article where we tested “charm” account pricing, where we showed that conversion rates were almost twice as high when we used a $1.99 price point for a product compared to $2.00 ( HERE ). In this article, we go a level deep in pricing deposit accounts and look at various tactics around “pricing syntax” or “end price.” Pricing Tactics for Dep
Join 23,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
OCC seeks to halt Illinois card interchange fee law
Payments Dive
OCTOBER 3, 2024
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
Mobile solutions offer competitive edge for credit unions
BankInovation
OCTOBER 3, 2024
Credits unions tapping Dublin-based fintech Pulsate for mobile solutions see a return on investment with a major uptick in funded loans, engagement and transactions. It is imperative that “community financial institutions [are equipped with] the tools they need to not just survive in this digital-first world, but be competitive,” Sarah Martin, chief executive of mobile […] The post Mobile solutions offer competitive edge for credit unions appeared first on Bank Automation News.
Outsource With Confidence for RDC Program Success
Advertisement
Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
Visa expected to temper competitive moves after DOJ action
Payments Dive
OCTOBER 3, 2024
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
Sign up to get articles personalized to your interests!
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
More Trending
The FDIC is proposing an unnecessary rule that will kill index funds
American Banker
OCTOBER 3, 2024
The Federal Deposit Insurance Corp. wants to remove an exemption that allows index funds to invest freely in bank stocks. The result will be damaging to the investors who have come to rely on the funds' steady returns.
Data Analytics in the Cloud: It’s Not If, It’s When
Gonzobanker
OCTOBER 3, 2024
Bankers are finally realizing that their first-generation approach to data analytics won’t serve them for long. Bluntly speaking, the banking industry is falling behind when it comes to leveraging and monetizing data strategically. With all the customer, transaction, credit, delivery channel and market data that banks hold, it’s ironic to hear executives lament, “We don’t have our arms around data yet, and we’re not using it to drive the business.
20 credit unions with the largest portfolios of credit card loans
American Banker
OCTOBER 3, 2024
The top five credit unions on this list have more than $36 billion in unsecured card loans and lines of credit.
Sharing interest rate risk: who is trading and what affects the costs?
BankUnderground
OCTOBER 3, 2024
Ioana Neamțu, Umang Khetan, Jian Li and Ishita Sen What do the 2023 Silicon Valley Bank collapse and the 2022 UK pension fund crisis have in common? Interest rate risk. Several sectors in the economy run significant asset-liability mismatch that makes them vulnerable to rapid interest rate changes: pension funds and insurers have short-term cash flows and long-term liabilities, while banks follow a lend-long-borrow-short approach.
Back to Basics with Reconciliations
Advertisement
Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
US port strike puts payments tech to the test
American Banker
OCTOBER 3, 2024
Recent advancements in transaction processing aim to improve visibility into cash flow, which can be thrown into chaos with uncertain shipments.
Intrepid Credit Union partners with Alkami
The Paypers
OCTOBER 3, 2024
Alkami , a provider of cloud-based digital banking solutions has announced its partnership with Intrepid Credit Union to launch a new digital banking platform.
Fed fines bank over flood insurance; IT worker cited for mishandling documents
American Banker
OCTOBER 3, 2024
The Federal Reserve issued two enforcement actions, one against a bank in Montana, the other against a former information technology employee in Wyoming.
Hastings Direct Loans automates its processes using IDVerse identity
The Paypers
OCTOBER 3, 2024
Hastings Direct Loans has announced its collaboration with IDVerse Identity to automate personalised journeys and improve its growth strategies.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
Advertisement
Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
Podcast: How a Latin American banking franchise is growing in South Florida
ABA Community Banking
OCTOBER 3, 2024
Miami is often described as the northernmost city in Latin America, or sometimes as Latin America's business capital. Banesco USA Cali Garcia-Velez discusses how he and his team are growing a Latino banking franchise in South Florida. The post Podcast: How a Latin American banking franchise is growing in South Florida appeared first on ABA Banking Journal.
Sygnum launches Web3 wallet recovery solution with Safe
The Paypers
OCTOBER 3, 2024
Sygnum has introduced a web3 wallet recovery module built on Safe, leveraging the capabilities of the Safe{RecoveryHub} ecosystem.
Cynical Appraisers Lose: The Benefits of an Optimistic Mindset
Realwired Appraisal Management Blog
OCTOBER 3, 2024
People think that cynicism is a sign of intelligence. It’s not. We often think of cynics as realists, those who see the world for what it truly is. They don’t. 85% of people think a cynic will be a better lie detector than a non-cynic. They’re wrong.
UK strengthens its role in the European fintech sector, report says
The Paypers
OCTOBER 3, 2024
A new Finch Capital report has revealed that the UK has solidified its position in Europe’s fintech industry, accounting for around two-thirds of the total deals made in the region.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
Advertisement
Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
Old National Bank CEO appointed chair of ABA’s American Bankers Council
ABA Community Banking
OCTOBER 3, 2024
ABA announced that James Ryan has been named chair of ABA’s American Bankers Council for the 2024-2025 membership year. The post Old National Bank CEO appointed chair of ABA’s American Bankers Council appeared first on ABA Banking Journal.
How the US port strike affects banks
American Banker
OCTOBER 3, 2024
Coordinated strikes by dock workers along the Eastern Seaboard and the Gulf Coast could cause issues for banks that provide credit to foreign shipping groups and domestic trucking companies.
HSBC introduces new Embedded Finance venture
The Paypers
OCTOBER 3, 2024
UK-based financial services provider HSBC has announced the launch of its new jointly-owned Embedded Finance venture, SemFi by HSBC, intending to provide optimised solutions to business clients.
Credit union-bank merger lifts contentious deal tally to all-time high
American Banker
OCTOBER 3, 2024
OneAZ Credit Union in Phoenix said it would acquire 1st Bank Yuma in the record-setting 17th deal of 2024 involving a credit union buying a bank.
It Takes Two to Tango
Advertisement
With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
Aryza Group acquires NTI
The Paypers
OCTOBER 3, 2024
Ireland-based developer of software solutions for the financial services industry Aryza Group has announced the acquisition of NTI , aiming to solidify its presence in the insolvency sector.
OCC backs banks in fight against Illinois interchange law
American Banker
OCTOBER 3, 2024
The OCC has filed a legal brief backing the banking industry's challenge to Illinois' Interchange Fee Prohibition Act, arguing the law would interfere with national banks' federal authority, fragment the national payment system and force banks to halt credit card usage in the state.
India's consumer spending to exceed the US's over three times by 2034
The Paypers
OCTOBER 3, 2024
Global technology company EBANX has revealed as part of its research that India is set to expand consumer spending by 2034, substantially surpassing the US.
Why is Bank Loyalty Dying? Listen to the Folks Around My Dinner Table
The Financial Brand
OCTOBER 3, 2024
This article Why is Bank Loyalty Dying? Listen to the Folks Around My Dinner Table appeared first on The Financial Brand. Want to know what’s eroding banking institutions’ moat? My evening spent defending banking's deposit products at Sunday dinner provided valuable and concerning perspectives. This article Why is Bank Loyalty Dying? Listen to the Folks Around My Dinner Table appeared first on The Financial Brand.
The 2024 Lenders Guide to Automating the Complex Loan
Advertisement
Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
Let's personalize your content