Fri.Jan 03, 2025

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Why 2025 Will Be the Year of Value-Added Checking Accounts

SWBC's LenderHub

Increasing competition from banks and fintechs has created a need for innovative strategies in a credit unions business. As the need to differentiate ones institution has increased, a new key differentiator has emerged value-added checking accounts.

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Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges

Payments Dive

A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.

Retail 370
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What banks can learn from the Treasury breach 

American Banker

Financial institutions need to beware of advanced persistent threats and of the potential security shortcomings of their vendors, experts say.

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Merchants, banks spar over Fed’s debit card fee proposal

Payments Dive

Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

Cards 221
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Enterprise ABM Marketing Tools: A Marketer's Guide

Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.

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Bitcoin's role in the future of finance is more nuanced than you think

American Banker

The future of bitcoin isn't a winner-takes-all scenario where it either replaces the existing financial system or fails entirely. Instead, it's evolving into a multifaceted financial technology.

Bitcoin 67

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New community bank leaders emerge in December

American Banker

Lenders across the country promoted from within to fill top executive roles, including First International Bank & Trust in Watford City, North Dakota.

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Year-end heavy lifting gives New York bank a new look

American Banker

Arrow Financial in Glens Falls kept busy in December, consolidating its two subsidiary banks, expanding its board and restructuring its securities portfolio.

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KeyCorp CEO Gorman to receive $7.5M bonus after Scotiabank investment

American Banker

Chris Gorman and four other high-ranking KeyCorp executives have been granted a combined $16.7 million in performance-based equity awards that will vest in two years, as long as the Cleveland-based company meets certain capital requirements and earnings goals.

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Banks more confident about 2025 asset growth

American Banker

A recent industry survey finds most participating banks predict asset growth for 2025; Frax Finance launches a new stablecoin backed by BlackRock; Camden National closes its acquisition of Northway Financial; and more in this week's banking news roundup.

Survey 36
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Outsource With Confidence for RDC Program Success

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.

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What will the world economy look like in 2100?

American Banker

In their new book, "The New World Economy in 5 Trends," Koen De Leus and Philippe Gijsels predict a future in which neutral interest rates are higher, technology is transformative and the urgency of climate-change adaptation creates investment opportunities.

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How Jenius Bank can afford to pay 4.8% on savings

American Banker

The digital bank unit of SMBC Manubank keeps costs low with remote employees and all tech in the cloud, President John Rosenfeld says.

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Barkin says he prefers Fed keep rates restrictive for longer

American Banker

The Federal Reserve Bank of Richmond president said while he believes the central bank's current level of rates is restraining the economy enough to continue lowering inflation in 2025, there are still upside risks to inflation and growth.

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Trump picks Ken Kies for key tax policy job at Treasury ahead of cuts push

American Banker

President-elect Donald Trump has announced members of his senior leadership team at the Treasury Department, who'll work alongside Scott Bessent, his pick for secretary.

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4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. The reason for its rise? AI increases teams’ productivity by predicting and automating actions that require manual effort. In other words, the research that takes reps hours, AI can do in seconds. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data.