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First International Bank & Trust (FIBT) Named Service Bank for Raisin as Global Fintech Becomes First to Integrate with Kotapay’s Kavinu™ Platform

Fintech Finance

Experienced leadership – Benefits from a team of industry leaders that propelled FIBT to one of only six community banks on the Nacha’s top-50 ACH originators list. Versatile architecture – Cloud-native, API-driven technology layer adaptable to various business models beyond typical BaaS use cases.

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FIS Harmonizes Payments With Launch of Unified Money Movement Hub

Fintech Finance

Designed as a turnkey solution for a wide range of institutions – from super regional banks to community banks – the Money Movement Hub supports a modernized payments journey that can change with each client’s needs.

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The hidden costs in your payment stack

Payments Dive

One ACH payment might cost just $0.20 This resulted in a 50% reduction in ACH return rates, cutting down both exception volume and reconciliation time. The truth is, your payment stack is riddled with costs—but not where you think. These underlying expenses add up to what we refer to as the “total cost of acceptance.”

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NCR Launches Business Banking Mobile For Community Banks, Credit Unions

PYMNTS

According to NCR , with Business Banking Mobile, business owners will be able to securely access key financial tools on-the-go, including multi-TIN transaction history and transfers, approval workflows for wire and ACH templates and payments, token support, mobile notifications and end-user management.

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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system.

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NACHA Expects ACH Transactions To Rise

PYMNTS

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. billion transferred.

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NEW REPORT: Do Community Banks Need A Faster Payments Wake-Up Call?

PYMNTS

A separate report from fraud prevention solutions company GIACT points to potential fraud risks that could arise when Same Day ACH debits roll out in September 2017. Community banks meet the millennial generation. Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise.