The benefits of updated payments systems
BankBeat recently talked to Angela Murphy, vice president of marketing and solutions for fintech Pidgin, about the current landscape of payment technology. [Continue]
Planning to adopt FedNow? Ask these questions.
The FedNow Service is poised to change how Americans move billions of dollars through the banking system. There’s no reason for your institution or its account holders to miss out on this opportunity. [Continue]
Six pitfalls of managing multiple payments platforms
Managing multiple payments platforms can come with some serious pitfalls. [Continue]
Speed and convenience continue to drive payments in 2024
At the heart of community banking are your customers. It’s likely that every decision made about the products and services offered centers around a positive customer experience — while at the same time attracting the next generation of clientele. [Continue]
FedNow in a tentative payments climate
Most people want an opportunity to change their mind, to take it back. Sometimes “real time” is simply too sudden, particularly when we have little or no experience with the vendor. [Continue]
Fraud at high speed
Digital transactions upended how payments were processed several years ago with next-business-day settlement. Now that instant payments have arrived, the transformation of how companies and consumers move money is changing how fraud and risk are assessed. [Continue]
Top factors to consider before implementing FedNow
While the industry continues to buzz with differing opinions surrounding FedNow, a universal truth is that it should be approached carefully and strategically. [Continue]
Is your remote deposit capture up to snuff?
We’re asked to upload images with our phones all the time. Insurance cards, driver’s licenses, checks. And we’ve all experienced the less-than-stellar experience of struggling to get our item exactly in the frame or a multi-step process of needing to crop and rotate so that the image is accepted. [Continue]
Faster payments have arrived. How will you respond?
Having access to funds in real-time is more important than ever. Community bankers recognize this, and many are actively planning their faster payment strategies to keep up with customer expectations. [Continue]
Deposit interest expense in the era of open banking
Are bankers prepared for rising interest rates causing an accelerated fluidity of funds flow? Bankers who buy in to open banking will find that it could be antithetical to their objectives to hold the line on cost of funds as interest rates rise. [Continue]