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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

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First Bankcard, Provident Bank Team For Commercial Payments

PYMNTS

First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan. O’Flanagan, executive vice president of consumer banking at First National Bank of Omaha. “We

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Buffett Hungry For Banking Stake In India?

PYMNTS

Is India proving a lure, once again, for the “Oracle of Omaha?” This, of course, would not be the first movement of Buffett, via Berkshire, into India’s banking and payments realm – and especially FinTech. The bank is the third largest, as measured by market capitalization, and has broad reach, as noted above.

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A Shift in the Vendor Landscape

Gonzobanker

For PSCU credit unions that are processing debit cards on FDR Wilmington and credit cards on FDR Omaha, the option now exists for debit and credit to be on one platform – FDR Omaha. Although PSCU has had FDR Omaha debit available for some time, very few customers are using the platform.

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The ICBA 22/23 executive committee is all in

Independent Banker

We must continue to fight increased regulation, specialty charter considerations and the potential for more fintech access to traditional rails without the same oversight. Omaha, Neb. I believe that partnerships with community bank-focused fintechs is critical to our success, which is why the ICBA ThinkTECH Accelerator is so critical.

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The Roil Over B2B Payments Rails

PYMNTS

Omaha, Nebraska — Buffet’s birthplace — was the home of the First Transcontinental Railroad , which made railroads an important part of the Omaha economy. That was the year Buffett took a 77 percent stake in Burlington Northern — in what he described as a “bet on America” and its resilience in the aftermath of the Great Recession.

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4 ways banks can use data to manage fraud risk

BankInovation

billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the space, according to an analysis from fintech and core provider Fiserv. financial institutions spent more than $4.5 Executives from Nebraska-based First […].

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