The Banking BUSINESS News Network, LLC

How a QR Code Standard Could Revolutionize How We Pay By Carlos Netto, CEO and Co-Founder of Matera We all know that satisfying "ding" of a successful mobile payment at the coffee shop. Tap, pay, and you're on your way – a seamless experience for those little everyday purchases. It has become the expectation, a testament to the speed and convenience of modern payment technologies. But what about those less delightful financial rituals, like paying bills? That's where the current system often feels like a digital obstacle course. Think about it: you receive a bill, perhaps a paper statement or a PDF lurking in your inbox. Then the real fun begins: hunting for account and routing numbers, navigating outdated websites, or even reaching for the archaic checkbook. To read more - https://lnkd.in/e4vFN39d

Show Your Commercial Clients What’s Possible with Instant Payments By Dr. Angela Murphy, VP of Marketing & Solutions at Pidgin “The check is in the mail.” There aren’t many phrases in the English language that manage to be as falsely reassuring as that one. Perhaps hearing your teenage child call you urgently at 2am and claim profusely, “I’m fine!” is worse, but not by a lot. Today, money moves through the economy faster than ever, and instant payment networks like RTP Network and the FedNow Service are ushering in the next era of faster payments in the U.S. To read more - https://lnkd.in/eHeD6e5c

William Mills Agency Publishes New Bankers as Buyers™ Research Highlight & Expert Panel Report Agency introduces focused take on research that features expert commentary ATLANTA — William Mills Agency, the nation’s leading fintech public relations and marketing firm, has published its first Bankers as Buyers™ Research Highlight & Expert Panel. The first of several Bankers as Buyers formatted reports, this paper condenses relevant research into a concise, insightful summary augmented by expert commentary from recognized leaders in the industry. This inaugural research highlight draws from the Conference of State Bank Supervisors’ (CSBS) 2024 Annual Survey of Community Banks, which features responses from nearly 370 institutions across 38 states. The panel address the question, “What technological developments will be promising opportunities for your bank over the next five years?” To read more - https://lnkd.in/e8JDAEsg

SWBC Brings Greater Financial Protection in Oregon New Partnership Provides Debt Cancellation Program to SELCO Community Credit Union Members SAN ANTONIO, TX (February 19, 2025) – SWBC is excited to announce its partnership with SELCO Community Credit Union to offer an innovative debt cancellation program designed to provide additional financial security for SELCO’s members. This program—an enhancement to SELCO’s previous coverage options—includes further protection for life events such as death, disability, and involuntary unemployment, ensuring members have peace of mind during unforeseen challenges. To read more - https://lnkd.in/eKTik6-E  

Keep Your Credit Union Human A Credit Union Industry White Paper from CUinfluential With an average member age of 53, credit unions are investing heavily in digital transformation in an effort to attract younger members. However, data shows that Gen Z and millennials value member-ownership, community focus, and personalized service. The human impact of “people helping people” cannot be replaced by technology. To stay competitive, credit unions must prioritize and promote their Human Culture. Key Takeaways: ·        According to recent polls, 47% of GenZ consumers are open to switching from their current banks to credit unions. ·        For many GenZ and Millennial consumers Human Culture is as important as Digital Culture. They want personal, not artificial service. ·        The key is to Serve People with Technology, but Help People with People. ·        Case Study: TQC TEAM CUSO delivers a Unique Human Culture-Focused Talent Acquisition Strategy that reduces turnover and saves credit unions millions of dollars when compared to traditional agency strategies.   ON THE SURFACE, DIGITAL TRANSFORMATION MAY HELP LEVEL THE PLAYING FIELD BETWEEN CREDIT UNIONS AND OTHER FINANCIAL INSTITUTIONS. HOWEVER … To read the complete whitepaprer: https://lnkd.in/eqQhqzbq

SUCCESSION PLANNING WITHOUT RETENTION PLANNING IS A HOUSE OF CARDS A Credit Union Industry White Paper from Mike Hales Effective CEO succession planning can lead to a great internal successor. However, succession planning should not stop at the CEO. A key component of succession planning is retention planning for key executives and failure to provide comprehensive strategies for key leadership positions can leave the credit union vulnerable. Without a well-developed retention plan for C-suite and other key management positions, a credit union could face significant challenges in filling critical leadership roles. “Proactive, ongoing succession planning for key positions is essential to mitigate these risks and ensure a smooth transition of leadership.” To read complete paper - https://lnkd.in/ew9Y9ksG

A Roadmap for Evaluating Branch Closing Decisions By Steve Reider, president of Bancography When credit union executives think about improving their institution’s branch networks, the focus naturally turns to new branches and where to find expansion opportunities. New branches are exciting and glamourous! We get to look at property, choose finishes and paint colors!  To read more - https://lnkd.in/duUr93Ne

Education Credit Union Selects Vertice ACQUIRE to Accelerate New Member Acquisition Credit union launches new-to-market solution to transform member acquisition strategies, employ hyper-targeted marketing campaigns   Athens, Ga. – Education Credit Union (ECU), based in Amarillo, Texas, has implemented the newly-launched Vertice ACQUIRE solution and achieved exciting results in its pilot program. Developed by Vertice AI, a leader in AI-powered member growth solutions, Vertice ACQUIRE leverages advanced, data-driven technology to transform how credit unions grow their membership base. To read more - https://lnkd.in/dPFjc9NS

The Power of Presence: Why Financial Conferences Are Key to Your Brand’s Success in 2025 By William Mills Agency Exiting the holidays and entering a new year can only mean one thing: trade show season. It’s time to trade in your stocking stuffers for booth swag, dust off the business cards, and prepare for meeting with your peers. Attending industry events is an invaluable way to expand your relationships and generate new business opportunities, as well as gain knowledge on the emerging trends and technologies shaping financial technology. 2024 was packed with industry events, networking opportunities and trade shows, and this year will be no different. As you kick off your 2025 travel, it’s important to brush up on the top industry events and keep in mind how to maximize your investment. To read more - https://lnkd.in/eimiR3kQ

Community First names Shawn Mulhaney as Senior Vice President of Branch Operations and Contact Center NEENAH, WI – Community First Credit Union has announced the promotion of Shawn Mulhaney to Senior Vice President (SVP) of Branch Operations and Contact Center. In his new role, he will be part of the Senior Leadership Team and is responsible for supporting and enhancing the organization’s strong member-focused approach across the credit union network of 25 branches and its member contact center. To read more - https://lnkd.in/eHEicF6g