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Bank of Ireland launches kids account

Finextra

Home News Retail Bank of Ireland launches kids account Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. This is a separate deposit account managed by the parent/legal guardian, with a variable interest rate of 2.0%

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Finastra Teams Up with Prelim to Enhance Account Onboarding

Finovate

Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the deposit account opening experience for both retail and commercial accountholders. the company provides financial services software applications for payments, lending, treasury, capital markets, and both retail and digital banking.

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

PYMNTS

Consumers aren’t the only ones struggling to cope with the lack of a bank presence in their communities, forcing them to use expensive non-bank financial products like money transfer and check-cashing services. Regional Banks, Credit Unions Compete.

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Why Merchant Services Are Key To Small FI Deposit Growth

PYMNTS

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. Deposit Trends. Services Ecosystem.

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Letter: Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees

Electronic Payments Coalition

The coalition includes organizations representing the vast majority of federally-regulated financial institutions across the country, including community banks, credit unions, and institutions serving the military community concerned about the negative impact Reg II changes could have on millions of deposit account holders.

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How Small Banks Can Protect Their Customers & Portfolio Amid the COVID-19 Crisis

FICO

For those in this group who are also deposit customers, you should conduct an analysis of their deposit account (e.g., a 12-month rolling report of deposit balance history). For the last three months and for the foreseeable future, the velocity and amount of deposits should be analyzed for all Group 2 clients.

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Wells Fargo Branch Banking Metrics ‘Relatively Stable’ In January

PYMNTS

Reuters reported that branch interactions fell 12 percent in December — months after it was revealed that bank employees opened 1,534,280 unauthorized deposit accounts, allowing it to accrue a total of $2 million in fees — and 4 percent from Jan. 2016, but that other metrics grew compared to a year ago.