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 20, 2016
    Kiran Analytics conducted its 2 nd annual survey of executives from 50 retail banks to gain insights about branch transformation. Key findings indicate that workforce optimization is among the top priorities. Talent acquisition/retention and aligning selling capacity to market opportunity are key challenges. Read the survey findings report and learn what they are doing to meet those challenges...
  • December 16, 2016
    Out with the Old, In with the New President-elect Donald Trump continues to fill his cabinet with the selection of former WWE CEO Linda McMahon as the head of the Small Business Administration, CKE restaurants CEO Andrew Puzder as the Labor Secretary, and Exxon Mobile CEO Rex Tillerson as Secretary of State. Contrary to popular belief, it’s not just cabinet picks who matter. Policy making is...
  • December 14, 2016
    On Wednesday, December 14, 2016, a bipartisan group of Senators, led by Sen. Jeff Merkley (D-OR), sent a letter to the head of the Financial Crimes Enforcement Network (FinCEN), requesting clarification for banks and vendors doing business with companies in states having legalized recreational and medical marijuana. The lawmakers raised concerns that conflicting federal law have created safety...
  • December 8, 2016
    On Monday, December 5, 2016, the Federal Reserve issued a research paper outlining how a shared distributed ledger can significantly improve cross-border payments, trade settlements and market transparency. This marked the Fed’s first major overview of digital currency technology. "In theory, the distributed and consensus-forming aspects of [a distributed ledger] could allow for multiple parties...
  • December 7, 2016
    Six years ago, when President Obama signed the Dodd-Frank Act into law, America’s retailers got a big reduction in the debit-card fees they pay banks. Now, with Donald J. Trump set to take office, they’re preparing for a lobbying fight to defend that legislative victory -- and the billions they’ve saved as a result. Retail industry trade groups are rallying their base to try to beat back a part...
  • November 18, 2016
    Trump’s Short List Includes Individuals with Banking Experience A lot of names are being tossed around for top positions in the Trump Administration. As it relates to banking, here is what we know so far: Steven Mnuchin , a former Goldman Sachs Banker, Jamie Dimon , CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial Services Committee Chair, are reportedly the leading candidates for...
  • November 17, 2016
    Technology-driven investments require time, resources and budget dollars. Many risks exist that should be carefully weighed throughout the entire implementation process. This article provides key considerations and best practices to employ when selecting and implementing new core loan servicing and risk management systems. www.bridgeforce.com
  • November 11, 2016
    The FDIC’s Board of Directors will meet in open session at 10 a.m. on November 15, 2016. The meeting agenda and location information are available on the agency’s website . The FDIC Board will consider a final rule on "Recordkeeping for Timely Deposit Insurance Determination."
  • November 7, 2016
    Online banking continues to grow, but that’s not to say there aren’t obstacles keeping it from exploding. The banking industry is ramping up the noise about changing rules that make it difficult to open accounts remotely, and Congress has the topic on its agenda. In fact, the Consumers Bankers Association recently sent a letter to Congress, applauding them for its efforts to tackle the issue with...
  • November 4, 2016
    November 4, 2016 The Honorable Scott Tipton The Honorable Terri Sewell U.S. House of Representatives U.S. House of Representatives 218 Cannon House Office Building 1133 Longworth House Office Building Washington, DC 20515 Washington, DC 20515 The Honorable Randy Hultgren U.S. House of Representatives 2455 Rayburn House Office Building Washington, DC 20515 Dear Representatives Tipton, Sewell and...

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