Cornerstone and LiFE Awards
The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to four banks at a special luncheon on May 2, during the association’s 135th Annual Convention, held in Austin.
On May 2, Gov. Brian P. Kemp signed SB 157 into law at the Community Bankers Association of Georgia headquarters before a group of community bankers from across the states.
Credit card use continuted to expand in the fourth quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes increased for super-prime (+2.7 percent) and prime accounts (+1.4 percent), but declined modestly for subprime accounts (-0.9 percent). On an annual basis, purchase volumes increased across risk tiers, particularly among subprime (+9.1 percent, or $18/month) and super-prime accounts (+8.6 percent, or $54/month).
The American Bankers Association recently announced a partnership with Alloy Labs Alliance. The Alliance, a shared financial innovation lab and consortium co-founded by midsize and community banks, brings banks together to identify, evaluate and implement new technology and innovative products. Alloy is led by the team of financial technology experts at FinTech Forge.
Collaborative Program Strives to Prepare Members for Evolving Payments Landscape.
Eleven payments associations representing more than 10,000 financial institution members, businesses and stakeholders, announced a new program to advance the payments industry through joint development of market intelligence and thought leadership. The participating payment associations — ePayResources, EPCOR, MACHA, NEACH, PaymentsFirst, Shazam, Southern Financial Exchange, The Clearing House Payments Authority, UMACHA, WACHA and WesPay — span all 50 states and U.S. territories and form a nationwide network of payments professionals.