FedNow, Though Not Quite ‘Now’
BankNews.com
by Heather Hanson
4y ago
By Jim Murez As it weighed whether to jump into building an electronic payments infrastructure, the Fed received strong encouragement from the community banking industry, which has held that a single, private-sector payments provider may not make nationwide inclusion a goal. The Fed’s real-time payments solution, announced in August, is FedNow, which gives the community ..read more
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Another Day, Another Lending App to Amp Your CX
BankNews.com
by Heather Hanson
4y ago
By Justin Dullum Community bankers suddenly have a lot of tech to choose from when it comes to lending platforms. We talked to Snehal Fulzele, senior vice president and general manager for Cloud Lending, a Q2 company based in Austin, Texas, about what makes its digital lending platform a fit for community banks, and got ..read more
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The Trouble with Cash
BankNews.com
by Heather Hanson
4y ago
By Jacqueline Nasseff Hilgert The National Retail Federation has predicted a strong holiday shopping season. In its October survey, consumers said they expected to spend an average of $1,047, up 4 percent from what they had planned to spend last year. It’s the 10th consecutive year of increased consumer holiday spending — consumer confidence is ..read more
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Time is Right for Serious Fight Against Credit Unions
BankNews.com
by Heather Hanson
4y ago
By Tom Bengtson Now is the time for the banking industry to unite behind an effort to level the playing field with credit unions. Consider what’s going on around the industry, and it is possible to perceive a “perfect storm” of factors that make now the right time. First, the Independent Community Bankers of America ..read more
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Ag Banker Cultivates Savvy Borrowers
BankNews.com
by Heather Hanson
4y ago
By Alaina Webster “I’m always amazed — a lot of kids come out of college, and they don’t understand balance sheets, income statements, cash flows, sensitivity analyses like they should, and it’s like, you’re going to run a business that depends on that stuff.” That’s Nate Franzén, president, agri-business division, discussing why his institution, First ..read more
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Latecomer to Lending Builds Trophy-sized Success
BankNews.com
by Heather Hanson
4y ago
By Jacqueline Nasseff Hilgert It’s pretty hard to out-hustle Mitch Cook. The Minnesota-based senior regional president for Iowa City-based MidWestOne bank once worked 53 days in a row without a day off. At the time, the native Michigander was working for his parents, who owned a multi-million dollar wholesale distributor of hardware and tools. The company ..read more
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New Bankers’ Bank Leader Jump-starts Transition
BankNews.com
by Heather Hanson
4y ago
By Tom Bengtson There’s a transition underway at the Bloomington, Minn.-based United Bankers’ Bank, and the person at the center of it is leveraging his humble upbringing, industry knowledge, people skills and competitive nature to make it successful. Similar to one of his “sprint triathlon” starts, Dwight Larsen has completely immersed himself in his new ..read more
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Technology is Altering the Way Americans Pay
BankNews.com
by Heather Hanson
4y ago
By Jim Murez Go to watch the NFL’s Atlanta Falcons or MLS’s Atlanta United FC play a game at Mercedes-Benz Stadium and be prepared to use a credit or debit card or your phone to pay for everything. Whether you want a burger or a jersey — or even a brewski from one of the ..read more
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Payments Guru Mentors and Inspires
BankNews.com
by Heather Hanson
4y ago
By Anna Cushing Tina Giorgio is forward thinking and she’s a hockey nut. She uses past events as fuel for future challenges, and she scrapes her employees’ cars on especially snowy winter days.  She’s also been the ICBA Bancard president and CEO since 2016, and was a community banker (at three institutions in Maryland) for ..read more
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2019 as Crystal Ball
BankNews.com
by Heather Hanson
4y ago
By Tom Bengtson Looking ahead with accuracy depends on getting a clear picture of the past. As 2019 closes, it is worth recalling some of the year’s developments in order to see where things may be going.  The economy sent mixed signals. Consider that the economic expansion passed the 10-year mark, becoming the longest in ..read more
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