Apple Pay picks up 13 more US banks & credit unions

http://appleinsider.com/articles/17/09/05/apple-pay-picks-up-13-more-us-banks-credit-unions Apple on Tuesday updated its U.S. Apple Pay roster with 13 more supporting card issuers, filling in an increasingly tiny number of regional gaps. The additions join a list of hundreds of participating banks and credit unions, most of them based in small sections of the country, a single state, or even just a […]

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COMMUNITY BANK, N.A. SUPPORTS EDUCATION AT MUSEUM

http://www.artintheadirondacks.com/2017/community-bank-n-supports-education-museum/   OGDENSBURG, NY – The Frederic Remington Art Museum recently received a donation from Community Bank, N.A. in support of education at the Eva Caten Remington Education Center. Laura A. Foster, director of the Frederic Remington Art Museum, receives a check from Matthew Honeywell, ​branch manager ​at Community Bank, N.A. ​in Ogdensburg, NY. ​ […]

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

http://www.pymnts.com/news/faster-payments/2017/community-banks-faster-payment-millennials/ Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated reporton how to strengthen and operate the U.S. faster payments system. The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish […]

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ICBA Bancard CEO And Nation’s Community Banks Move Faster Payments Forward

ICBA Bancard CEO And Nation’s Community Banks Move Faster Payments Forward – PYMNTS.com http://www.pymnts.com/news/banking/2017/icba-bancard-ceo-on-community-banks-and-online-payments/   In an interview conducted by PYMNTS’ Karen Webster, Tina Giorgio, president and CEO at ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America®, said 2017 has brought exciting new changes to the payments industry as a […]

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NCR Launches Business Banking Mobile For Community Banks, Credit Unions

http://www.pymnts.com/mobile-applications/2016/ncr-business-banking-mobile-app-community-banks-credit-unions/ NCR announced on Thursday (Sept. 22) it launched a new app dubbed Business Banking Mobile. The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform. “Business Banking Mobile is yet another […]

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White House Rejects Key Argument for Changing Dodd Frank

by Joseph Lawler, Washington Examiner http://www.washingtonexaminer.com/white-house-rejects-one-of-the-key-arguments-for-changing-dodd-frank/article/2599011 Community banks have recovered from the crisis and are healthy even with the new rules imposed by President Obama’s financial reform, according to a new White House study that undercuts critics’ arguments for regulatory reform. In a 13-page analysis (https://www.whitehouse.gov/sites/default/files/page/files/20160810_cea_community_banks.pdf) released Wednesday, Obama’s Council of Economic Advisers concluded that “community […]

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U.S. Banks’ Profits Drop As Community Banks Profits Rise

U.S. Banks’ Profits Show First Drop in 2 Years by Matthew Heller http://ww2.cfo.com/banking-capital-markets/2016/06/u-s-banks-profits-show-first-drop-2-years/ The industry’s first-quarter results were mixed, with loan balances growing at the highest rate since 2009 and operating revenue up 2.7%. The net income of U.S. banks dipped for the first time in two years in the first quarter but strong loan and operating […]

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http://www.americanbanker.com/news/community-banking/community-banker-of-the-year-citizens-bank-of-edmonds-jill-castilla-1078274-1.html?zkPrintable=1&nopagination=1 By Alan Kline December 13, 2015 Citizens Bank of Edmond Chief Executive Jill Castilla composed her first tweet on the day her bank was freed from a regulatory enforcement action in March 2012. At the time, any Google search on the bank likely would have turned up articles on its near-death experience following the financial […]

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Millennials Ditch Big Banks and Go Local With Their Money

http://www.bloomberg.com/news/articles/2015-11-10/millennials-do-not-like-big-banks-and-all-those-fees-they-charge Millennials Ditch Big Banks and Go Local With Their Money by Ali Donaldson @alialiioxenfree November 10, 2015 — 5:01 AM EST Larger banks lose 16% of millennial clients, a survey finds The `ease of banking’ generation is willing to switch Millennials are increasingly shunning big banks and going local with their money. Community banks won with younger […]

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