PYMNTS

AUGUST 4, 2017

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.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

PYMNTS

JANUARY 27, 2021

Digital payment and banking technology provider i2c on Wednesday (Jan. 27) announced partnerships and product launches with Archa , Community Bank of the Chesapeake (CBTC) and Credit Sesame , according to a press release. The company wanted to boost growth and expansion across services geographies.

Product 111

Product Process Community Banks Small Business 111

PYMNTS

AUGUST 3, 2017

The group intends to develop an API standardization “playbook” to help various players in the financial services industry promote real-time payments by addressing security and efficiency issues through APIs. Community banks meet the millennial generation.

Community Banks 46

Community Banks Faster Payments NACHA Cross-Border Payments 46

PYMNTS

JANUARY 4, 2018

As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses.

Community Banks 41

Community Banks Legal Financial Crimes Laws 41

PYMNTS

MARCH 28, 2019

“Through this collaboration, ICBA Bancard continues to push the innovation envelope with solutions that are focused on delivering the very best products to community banks and their customers.”. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

Online and Mobile Banking 76

Online and Mobile Banking Community Banks Push-to-Card Card Issuer 76

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Payment APIs and Integration 99

Payment APIs and Integration Online and Mobile Banking Credit Union Community Banks 99

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Credit Union 77

Credit Union Small Business Community Banks Volume 77

Open Banking Excellence

JULY 8, 2025

Regulatory Environment And Open Banking Unlike Europe and the UK, where the Payment Services Directive 2 (PSD2) and open banking regulation have mandated standardised open banking practices, the U.S. They range from some of the largest banks in the U.S. to a small midwestern community bank.

Regulations 130

Regulations Payment APIs and Integration CFPB API 130

PYMNTS

MARCH 9, 2020

There is good news, and there is bad news with regards to the path to addressing the unbanked and underbanked in the United States. ” At the same time, ongoing shifts in customer expectations and demands mean that addressing the underbanked does not necessarily mean having to build more physical bank locations.

Credit Union 75

Credit Union Small Business Community Banks Online and Mobile Banking 75

PYMNTS

MAY 1, 2018

ACH security service provider ACH Alert is introducing new services aimed at helping banks and other financial service providers address the threat of payments fraud related to faster ACH transactions.

Real Time Payments 40

Real Time Payments ACH Addressing Accounts 40

PYMNTS

JANUARY 19, 2017

For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., But community banks still face tough competition from larger financial institutions.

Community Banks 59

Community Banks Online and Mobile Banking Research Compliance 59

PYMNTS

SEPTEMBER 14, 2017

Taking steps now to protect your community bank and customers is more important than ever. The ICBA Bancard and CardinalCommerce partnership will give community banks the tools they need to combat this trend while smoothly transitioning to 3-D Secure 2.0,

Authentication 51

Authentication Community Banks Chip Cards Issuers 51

PYMNTS

AUGUST 9, 2020

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. Community banks have been working to innovate through collaborations with FinTechs.

Community Banks 67

Community Banks Credit Union Small Business Treasury 67

PYMNTS

MAY 7, 2020

back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. The challenge lies with serving the needs of the individual who may be hesitant to go back to the old ways of banking — of walking up to teller windows, of handling cash in envelopes.

ATM 122

ATM Credit Union Online and Mobile Banking Use Case 122

PYMNTS

SEPTEMBER 27, 2019

But as lawmakers consider updates to the proposed Payments Modernization Act of 2019 to address these concerns, other witnesses similarly voiced their recommendations and warnings as the Federal Reserve moves forward. Accessibility Beyond Big Banks. Competition and Interoperability.

Real Time Payments 69

Real Time Payments Fed Federal Reserve FedNow 69

PYMNTS

NOVEMBER 18, 2020

It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. An example of one such Fast Track FinTech is Daylight — a neo-bank designed to redefine the concept of community banking in the digital age.

FinTech 73

FinTech Posting Community Banks Processors 73

FICO

APRIL 21, 2020

Banking will be different from now on, as audiences demand embedded features and more electronic services. Community banks need to take these concepts and move them into reality. Most big banks have already gone digital, and community banks also need to do so to compete. But we can rebuild.

Posting 75

Posting Small Business Community Banks Economy 75

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved. As it turns out, other industries can benefit from technology that addresses those same pain points.

B2B 84

B2B Innovation Non-Bank Payments 84

PYMNTS

APRIL 2, 2019

The BBC reported on Sunday (March 31) that Shadow Chancellor John McDonnell introduced the proposal to turn thousands of current post offices into banking centers, creating a new Post Bank that would increase access to community banks. In its announcement, the Labour Party pointed to Which?

Posting 59

Posting Community Banks Small Business Blocks 59

PYMNTS

DECEMBER 27, 2019

As such, APIs will play an integral part of SMB banking’s evolution in the year, and years, ahead, with Thyagarajan pointing to the drive toward “ecosystem integration” as a major strategy to addressing SMB banking friction. Open banking wasn’t the only disruptive trend for SMB financial services this year. In the U.S.,

Small Business 53

Small Business Payment APIs and Integration Credit Union Underserved 53

PYMNTS

JULY 3, 2020

People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of community banks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.

Accounts 85

Accounts Business Continuity Community Banks Treasury Management 85

Payments Source

AUGUST 5, 2019

Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system.

Real Time Payments 77

Real Time Payments Interoperability Central Bank Payments 77

Finovate

SEPTEMBER 3, 2024

Asset managers, retirement players, insurance companies, banks, private equity funds, and employers. Cyphr LoanReady by Cyphr is a tool that complements Loan Origination Systems and helps community banks and credit unions get more small businesses approved for loans with readiness screening or empathetic declines.

Credit Union 52

Credit Union Community Banks Compliance Automation 52

PYMNTS

DECEMBER 7, 2018

Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. First National Bank of Milaca. Grand Savings Bank. Greater Cleveland Community Credit Union. Greenleaf Wayside Bank. Hometown Community Banks.

Credit Union 52

Credit Union Mobile Payments Online and Mobile Banking Community Banks 52

PYMNTS

MAY 1, 2019

The vision is to create what Bloomston called a “powerhouse” to serve a segment that calls for a dedicated platform to address its unique needs, Bloomston and Nitopi said during an interview on Friday (April 26). He said the companies already work with some 40 community banks in the U.S.,

Posting 82

Posting Visa Acquirers Community Banks 82

PYMNTS

AUGUST 10, 2020

Waterhouse said that getting banks to sign on is about showing them the relevant use cases that will drive revenue and even new customer acquisition. That also dovetails with banks that offer real-time payroll the desire to capture direct deposits and cement customer loyalty.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

JANUARY 23, 2020

The new value limit was introduced to address the growing transaction volume and users on the network. Businesses and consumers often want to send higher value payments and the $100,000 limit helps to address their needs,” he added. 1, TCH announced on Thursday (Jan.

TCH 52

TCH RTP Transactions Credit Union 52

Finovate

JUNE 7, 2024

Torpago has received $10 million in Series B funding for its corporate card program for banks. Torpago will use the funds to address demand for its Powered By solution, the company’s white-label, end-to-end commercial credit card and expense management software platform. Priority Tech Ventures and EJF Ventures co-led the round.

Credit Union 52

Credit Union Credit Cards Community Banks On-Demand 52

The Fintech Times

MAY 16, 2024

As digital transformation accelerates, it becomes imperative for traditional banking and wealth management sectors to adapt and innovate. Integrating technology to create efficiencies Artificial intelligence, automation and data analytics are personalising the customer experience to drive brand loyalty across all aspects of banking.

Advisors 64

Advisors AI Community Banks On-Demand 64

PYMNTS

MARCH 12, 2020

Among the new features is an open application programming interface (API) designed to address the variety of formats that FIs use to provide payment data. “My guess is, if you went to 100 community banks, maybe five would know how to describe open banking ,” he said. Yes Bank Woes See API Disruption.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

PYMNTS

MAY 3, 2018

The company’s 2018 PACE (Performance Against Customer Expectations) Report, published on Wednesday (May 2), found large financial institutions (FIs) are vulnerable to losing their small business customers, which tend to experience greater satisfaction levels at regional and community banks. The survey found small businesses in the U.S.

Community Banks 40

Community Banks Small Business Research Transactions 40

PYMNTS

APRIL 23, 2020

The market will be watching closely whether financial institutions (FIs) are able to address some of the biggest headaches from the first round of PPP loans, namely an influx of applications that can overwhelm lenders’ systems. LendingTree.

FinTech 56

FinTech Automation Bots Community Banks 56

Fintech Finance

MAY 16, 2024

Therefore, it’s crucial for banks, particularly smaller-sized institutions like credit unions, community banks, and local and regional banks, to establish robust digital onboarding experiences.”

Online and Mobile Banking 52

Online and Mobile Banking Credit Union Underwriting Rules 52

PYMNTS

APRIL 14, 2020

Democrats in Congress are looking to address that issue by setting aside about 50 percent of proposed additional PPP funding to help CDFIs, credit unions and community banks. . “We trillion coronavirus relief package passed by Congress last month — is expected to be depleted by Friday (April 17).

Credit Union 60

Credit Union Small Business Governance Government 60

PYMNTS

SEPTEMBER 26, 2019

“Advanced technology is raising the stakes of how CUs should operate, with members now demanding the instant payments and slick mobile interfaces that large banks and FinTechs have made standard,” the Tracker stated. As CUs address the need for high-tech and more personalized services, their opportunities with SMBs are similarly vast.

Credit Union 43

Credit Union Small Business Online and Mobile Banking Legal 43

Finovate

FEBRUARY 21, 2025

. “Our tech and operations teams went through deep due diligence and have been highly impressed with the quality and simplicity of Illumas offerings, which address a critical gap for mid-market FIs,” said Senior Vice President of Venture Lending and Banking Stifel Bank Nick Elsenpeter.

Authentication 52

Authentication Finance Security Due Diligence 52

FICO

APRIL 10, 2020

Banks should be re-evaluating their portfolios, so they can systematically address the needs of their various customers. Patience is also needed—larger banks need time to pivot and smaller banks need time to ramp up. That said, it is also your job to protect the bank’s portfolio.

Small Business 83

Small Business Credit Union Economy Accounts 83