BankNews.com

Company Name

National News

The University of Akron Wins First Place in CSBS Community Bank Competition

May 25 — The Conference of State Bank Supervisors announced The University of Akron has been named first place winner in its nationwide 2017 Community Bank Case Study Competition.

(more…)

Retailers Welcome Reports That House Will Drop Efforts to Repeal Debit Card Swipe Fee Reform

May 26 – The National Retail Federation welcomes reports that House Republican leaders plan to abandon an attempt to repeal debit card swipe fee reform that has saved retailers and their customers more than $40 billion and brought badly needed competition to the payments market.

(more…)

Anticipated Growth May Spur Small-Business Lending, New Account

May 26 – Raddon, a Fiserv company and provider of innovative research, insightful analysis and strategic guidance to financial institutions, has published research that shows the majority of small businesses are planning for growth, which they anticipate funding through lines of credit and business loans. According to the Raddon Research Insights: Winning Small Business Customers study, 79 percent of small businesses plan to grow over the long term, which could create lending opportunities for financial institutions.

(more…)

Time to Repeal the Durbin Amendment Is Now: New Survey Underscores Policy’s Failures

May 23 – New Morning Consult survey data just released confirms the need to end the Durbin amendment, with seven in 10 voters unaware of having received a discount at the register since the policy went into effect. Across party lines, voters agree that if merchants aren’t passing along savings from the law, it should be repealed. To date, big box stores have pocketed $42 billion at their customers’ expense. The new polling data found nearly 70 percent of voters say these big box retailers like Target and Walmart are looking out for their own bottom lines, not main street interests.

(more…)

OCC’s Chief Innovation Officer to Speak at Innovation & Transformation Forum in Kansas City

May 23 – Beth Knickerbocker, acting chief innovation officer for the Office of the Comptroller of the Currency, has been added to the impressive speaker lineup for the Innovation & Transformation Forum, being held July 13 in Kansas City. Her presentation will cover the agency’s focus on Responsible Innovation that ensures that the use of new or improved financial products, services and processes meet the needs of consumers, businesses and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

(more…)

Fed Finds Finances Improving Most for College-Educated Americans

May 22 —  The financial well-being of Americans overall in 2016 continued on a modest upward path, although the improvement was less pronounced for those with less education, according to the Federal Reserve Board’s latest report on the economic well-being of U.S. households.

(more…)

Proposed Legislation Aims to Ease Stress-Testing Requirements

 May 22 — Stress-testing requirements for many community banks would be eased by legislation introduced by Sen. Jon Tester, D-Mont. The bipartisan legislation co-sponsored by Sen. Jerry Moran, R-Kan., aims at more flexibility for community and mid-sized banks to meet the needs of Main Street businesses and working families.

(more…)

Agricultural Surveys Show Downward Farm Economy Trend

May 17 —  A farm economy trending generally weaker is reflected in first-quarter agricultural surveys from the Federal Reserve Banks of Chicago, St. Louis and Kansas City.

(more…)

Nasdaq and Citi Announce Blockchain and Global Banking Integration

May 22 – Nasdaq Inc. and Citi Treasury and Trade Solutions have announced a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. A number of payment transactions have been concluded including Citi’s automated processing of cross-border payments via a link between the CitiConnect® for Blockchain connectivity platform and the Linq Platform powered by the Nasdaq Financial Framework. This collaboration has created a pioneering institutional banking solution that tightly integrates blockchain technology with Citi’s global financial network leveraging API technology.

(more…)

Mobey Forum Warns of Need for Security Precautions in Financial App Development

May 18 —  The Risk Mitigation Workgroup of Mobey Forum, the global industry association representing banks and other financial institutions to lead in the future of digital financial services, is calling for a mindset change in financial app and digital service design, following the launch of the second and final installment of its Risk Review report.  

(more…)

Software: Kryptronic eCommerce, Copyright 1999-2017 Kryptronic, Inc. Exec Time: 0.058275 Seconds Memory Usage: 3.782494 Megabytes
Kryptronic Internet Software Solutions