Deposits & Payments

Deposit growth and strategies have always been a core focus of retail banks. Today's volatile economic climate - with consumers relying less on credit products and more on deposit account services - brings deposit growth and account management to the forefront. As technology and consumer needs evolve, so does the concept of payments. With innovations such as virtual wallets and other forms of digital currency comes new and unique challenges for the payments space. CBA monitors and addresses the issues facing retail banks in the management of the deposits and payments functions.

  • February 24, 2018
    Is alternative credit data the missing link between underestimated consumers and access to credit? Consumers with poor traditional credit scores can often be misclassified as marginal or subprime, and many consumers who lack an established credit history are considered ‘unscorable’. By providing the additional insight needed to more predictively evaluate the risk of these consumers, alternative...
  • February 22, 2018
    Consumers are completing more complicated tasks online with each passing year. From travel to taxes, people are increasingly comfortable using technology to search for the best deal, provide reams of personal information and make their individual preferences known. But banks are woefully behind other industries in that online shift even as fewer customers visit the local branch. Consumers only...
  • January 29, 2018
    WASHINGTON, D.C. – The Consumer Bankers Association today commended the House of Representatives on its passage of H.R. 1457, the Making Online Banking Initiation Legal and Easy (MOBILE) Act. The bipartisan legislation provides opportunities for consumers to open bank accounts without having to visit a physical branch. The legislation, which CBA has long supported , was introduced by...
  • January 18, 2018
    Millennial consumers check their phones on average 150 times throughout the day. The majority of millennials have gone completely digital for content consumption and one-fifth rely on their phones to consume any digital content. Make sure your marketing content is ready for your most digital savvy consumers by downloading the EVERFI guide. Learn the 4 tips you should follow to optimize your...
  • December 8, 2017
    With over two-thirds of the buyer's journey done via online and mobile, banks need new strategies to reach millennials. Learn the five ways to engage with millennials through online financial education and how to reach them even when most of their journey is online. Download our guide , Reaching Millennial Consumers: Using Financial Education as Content Marketing to jumpstart your 2018 strategy...
  • November 27, 2017
    Do your 2018 marketing priorities stack up to your peers? 54% of marketers are focused on cross-sell, deepening relationships, and improving their share-of-wallet according to the Digital Banking Report. Learn how to prepare for next year by downloading EVERFI’s new 38 page guidebook complete with tactical worksheets titled The Ultimate Guide to Financial Marketing Strategy for 2018: An...
  • November 1, 2017
    If you’ve been awaiting the return of a popular payday loan alternative, don’t hold your breath. Deposit advances once were offered by banks like Wells Fargo and Fifth Third Bank . Like payday loans, they covered folks who needed quick cash in emergency situations and charged high interest rates in return. When strict guidelines made deposit advance loans virtually impossible to sell, banks...
  • October 12, 2017
    Kiran Analytics recently conducted its third annual survey of retail banks to provide insights on branch transformation priorities, workforce strategies, and analytics solutions for workforce optimization. The research results and key takeaways are summarized in this white paper.
  • October 3, 2017
    On Tuesday, October 3, 2017, the FDIC released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2017. The FDIC's Summary of Deposits (SOD) provides deposit totals for each of the more than 89,000 domestic offices operated by more than 5,700 FDIC-insured commercial and savings banks, savings associations, and U.S...
  • September 22, 2017
    September 20, 2017 Secretary of Education Betsy DeVos U.S. Department of Education C/O Ms. Hilary Malawer 400 Maryland Avenue, SW., Room 6E231 Washington, DC 20202 RE: Regulatory Review - Docket ID: ED-2017-OS-0074, Docket Number 2017-13157 Dear Secretary DeVos: The Consumer Bankers Association [1] and the American Bankers Association [2] (“the Associations) appreciate the opportunity to submit...

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