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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.
- December 5, 2019 - 2:00PMPastDecember 4, 20192020 brings a new decade of business change that will be directly confronted with regulatory and policy mandates of fairness, safety, and protection. In our new paper, KPMG Regulatory Insights evaluates how, in 2020, five business imperatives—technology transformation, customer interaction, payments modernization, market expansion, and cost efficiencies—will force new and differing regulatory...December 3, 2019 - 2:00PMPastDecember 3, 2019On Tuesday, December 3, 2019, the CFPB issued a Notice of Proposed Rulemaking (NPRM) related to the Remittance Rule (Rule). Under the current Rule, companies that provide remittance transfers in the normal course of business are required to disclose to consumers the fees and exchange rates applied to transfers. The Rule also allows banks to estimate certain fee and exchange rate information...November 18, 2019The Consumer Bankers Association, which represents many retail banks in the U.S., says that its members work with merchants to make sure payment requirements are clear. But those details may not always be communicated sufficiently by a store employee. "If I'm in a mall and I'm at a store and I'm offered a card at the point of sale ... I can see a situation in which the consumer isn't given full...November 7, 2019Dear Mr. Feldman: The Consumer Bankers Association (“CBA” or “the Association”) appreciates the opportunity to offer our views on the Federal Deposit Insurance Corporation’s (“FDIC”) Notice of Proposed Rulemaking (the “Proposed Rule” or “the Proposal”) concerning the FDIC’s regulatory approach to the interest rate restrictions applicable to banks that are “adequately capitalized” or less than “...October 29, 2019Retail banking executives are faced with multiple challenges, including driving customer centricity through digital transformation, security and risk management, regulatory compliance and an aging infrastructure. As they develop and implement their strategic plans, how are they addressing the key business and technology trends that are impacting the industry? Annually, CGI leaders around the...October 15, 2019 - 2:00PMPastOctober 15, 2019Deposit and product teams to EVPs of Retail Banking all have different goals but at the end of the day they still ask themselves the same question, “how do I grow my deposits business?” In Winning Back Growth for Your Deposits Business, industry expert Dustin Allen breaks down how you can start using what your institution has now to not fight disruptors, but join them. In this guide you will...October 15, 2019Across the world, huge numbers of individuals lack access to basic banking services. A recent report from the World Bank shows that “[g]lobally, 1.7 billion adults remain unbanked.”1 In many cases these people have the same money management and credit needs as those who have access to bank services, but they face challenges meeting those needs. In the US, the underbanked and unbanked (U/U)...