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Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17

PYMNTS

Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the communities they serve, according to a report from Bloomberg. More than 1,500 bank branches shuttered between 2012 and 2017, according to a recent Federal Reserve report.

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Banking-As-A-Service Takes On The Underbanked SMB

PYMNTS

At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. “I think it would be foolish to expect that small community banks and credit unions can afford to keep up with that market,” said Coghlan.

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Humanizing the Digital Experience: A Conversation with NCR Voyix’s Erin Wynn

Finovate

As Executive Director of Product Management at NCR Voyix , Wynn helps both community banks and credit unions form strategies to implement their digital transformation and product roadmap initiatives. In the long run, however, I knew Digital Insight was my home, and I returned to them in 2012.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

According to a report, the new group of banks to now support Apple Pay include American Eagle Financial Credit Union, Central Virginia Federal Credit Union and Community Bank & Trust of Florida, among others. Since Apple launched Apple Pay in the U.S., A little more than one in 10 — or 11.7

P2P 57
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Banks Keep SMB Lending Gains Rolling

PYMNTS

Regional and community banks also saw their small business loan approval rates increase, with small banks approving 49.8 According to Biz2Credit, this is the highest approval rate for small banks since November 2014. percent approval rating in March of 2012, Biz2Credit noted.

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Buzz Points Unveils New Online Dashboard, Buzz Insight

Fintech Labs Insights

“Buzz Insight will enable community banks and credit unions to better comprehend how their customers and members are interacting within their communities,” Buzz Points CEO Dwayne Spradlin said. One month after picking up a $1.8

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Holiday Spirit Missing at Big Banks (redux)

Fintech Labs Insights

Or better yet, how about a holiday skip payment offer similar to that featured on Texas Tech Federal Credit Union’s homepage (see above). In our annual holiday survey of the 25 largest banks, we found only two, PNC Bank and Key , that acknowledged the year-end holidays on their homepages. ———-.