South State Correspondent

OCTOBER 14, 2024

In a previous article, we discussed how a loan’s maturity and amortization impacts credit risk and profitability from the bank’s perspective ( HERE ). In that article, we pointed out that the average commercial loan term at community banks has been decreasing and is now between 3.5 and 4.5 years. Much of the explanation for the decrease in term comes from the misconception that term rates or credit spreads will decrease when the Federal Reserve lowers short-term interest rates (there is no dire

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Payments Dive

OCTOBER 15, 2024

Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.

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Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives. It’s not exactly the most glamorous part of financial services, but without solid data governance, banks would be floating in a sea of disorganized, chaotic

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Accenture

OCTOBER 14, 2024

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

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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.

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ATM Marketplace

OCTOBER 15, 2024

Oxford Bank is celebrating its 140th anniversary by delivering stronger technology, investigating AI and promoting financial education for its customers and larger community.

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Community Technology 101

Abrigo

OCTOBER 18, 2024

Effective SAR narratives don't just happen Suspicious activity report writing is a skill that needs development. Effective SARs are created through conscious effort and diligence. Learn industry best practices for writing compelling SAR narratives to support your AML/CFT efforts. The importance of comprehensive SAR narrative writing Back in elementary school, most of us were taught that a good story includes the who, what, where, when, why, and how of the events it describes.

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South State Correspondent

OCTOBER 16, 2024

While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. The debit card is one of the greatest workhorses of banking and, unfortunately, is forgotten about due to its sexier older brother—the credit card.

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Accenture

OCTOBER 14, 2024

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Apple 195

Apple Innovation Retail Fintech 195

Payments Dive

OCTOBER 15, 2024

Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

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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

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Abrigo

OCTOBER 15, 2024

Day 2 accounting and mark-to-market values How banks and credit unions involved in business combinations can overcome issues related to recognizing income in a changing-rate environment. You might also like this whitepaper, "Valuation and purchase accounting in a dynamic macroenvironment." DOWNLOAD Takeaway 1 An often-overlooked component of purchase accounting for banks and credit unions is the ongoing income recognition tied to mark-to-market values.

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Gonzobanker

OCTOBER 17, 2024

GenAI tools can do amazing things. Doling out financial advice and guidance isn’t one of them. A survey from the Motley Fool revealed some surprising—and, frankly, hard to believe—statistics about Americans’ use of the generative AI tool ChatGPT for financial advice. The study found that: 54% of Americans have used ChatGPT for finance recommendations.

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Jeff For Banks

OCTOBER 14, 2024

Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. PNC ($557 billion in total assets) calls itself a "Main Street Bank." Citadel Credit Union's website is CitadelBanking.com. One of my Navy division officers once told me, "Be careful pointing fingers, because the rest are pointing back at you.

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Payments Dive

OCTOBER 18, 2024

The payments pioneer is discontinuing a program through which app users could post fundraising drives, often for personal needs. Other options for donating will remain.

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Tools Payments 221

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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.

Lending

ATM Marketplace

OCTOBER 17, 2024

A panel at the Bank Customer Experience Summit analyzed banking regulations and how banks can comply without sacrificing the customer experience.

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Regulation Customer Experience 105

TheGuardian

OCTOBER 14, 2024

Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The federal government is preparing to ban debit card fees and instruct the consumer watchdog to investigate excessive card costs, as the unpopular system of transaction charges gets set for an overhaul.

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BankBazaar

OCTOBER 15, 2024

We’ ve all bee n there—caug ht in a tumultuous relationship with our spending habits. At first, they see m harmless , maybe ev en fun. That daily coffee run feels like a little reward, or an impulse buy during an online sale seems like no big deal. But over time, these habits can become toxic, drainin g your ban k accou nt and sabotaging your financial goals.

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Payments Dive

OCTOBER 18, 2024

Many employees who use earned wage access services are high-frequency customers who end up with higher overdraft costs, said a Center for Responsible Lending report this week.

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Lending Report 195

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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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American Banker

OCTOBER 18, 2024

TD Bank's guilty plea to extensive money laundering charges last week did not include any criminal charges against individual bank executives. That absence has critics fuming, but experts say bringing charges against individuals isn't so easy.

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Compliance Regulation 88

TheGuardian

OCTOBER 16, 2024

A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism A potential merger between a German bank and an Italian rival would not normally elicit much interest beyond the business pages. But these are not normal times. The Italian bank UniCredit recently provoked a political backlash in Germany by acquiring a 21% stake in the German lender Commerzbank.

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BankBazaar

OCTOBER 14, 2024

Can you really afford both avocado toast and retirement or is your brunch habit setting you up for a lifetime of instant noodles? In this light-hearted piece, we explore the age-old question: Are millennials sabotaging their future with slices of avocado toast? Spoiler: it’s not the avocado’s fault. Let’s face it, nothing says “millennial” quite like the paradox of craving financial independence while simultaneously shelling out ₹300 for a slice of avocado toast.

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Payments Dive

OCTOBER 16, 2024

The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

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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.

Analysis

ATM Marketplace

OCTOBER 18, 2024

Marbue Brown, founder of the Customer Obsession Advantage and veteran banker, discussed what's new in bank CX.

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TheGuardian

OCTOBER 13, 2024

Finance is now master, not the servant – what is key is securing its approval to bring in investment while diluting its often malign influence Private equity barons lean on Reeves to dilute proposals for higher taxes Tax wealth and value public assets: how Reeves can meet her challenges The economic challenge facing Labour is enormous. But it is also straightforward: Britain has experienced a prolonged period of weak growth, public services have been starved of cash and are struggling, and the s

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The Paypers

OCTOBER 18, 2024

Broadridge has announced the launch of its Instant Payment Service, designed to support real-time money transfers and continuous exchange of instant transactions.

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Payments 81

Payments Dive

OCTOBER 17, 2024

The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.

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Cards Report 195

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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

Community Bank