News Updates
Compliance Corner: Compliance Regulation Reminders for 2025
FDIC Logo Federal Deposit Insurance Corporation (FDIC) adopted a final rule to amend Part 328, which governs the FDIC logo. The amended rule has modernized the sign for digital channels. The new digital sign must be on bank websites, mobile apps, and ATMs. The rule requires banks to place the new digital sign “clearly and ...
Compliance Corner: OFAC Clearing
Much of Compliance involves navigating rules while still serving your customers in a beneficial and efficient manner. When it comes to OFAC, there’s not much room for error. Missteps can have serious consequences. As of 10/17/2024 there have been five civil money penalties totaling $32,590,943.00¹. When we have a new system or are trying something ...
Compliance Corner – Disaster Related Scams
At the time I am writing this Milton is a Category 5 hurricane and is moving towards Florida’s Tampa Bay area. Most of Kansas would say our period for disaster would be in the spring with tornadoes, but how many of you remember the ice storm in December of 2007? There were power outages across ...
Instant Payments – Use Cases
Consumer appetite for instant payment options continues to grow. According to an article by the Federal Reserve, 83% of businesses and 75% of consumers are already using some form of faster payment. These high adoption rates are indicative that there are many types of use cases for instant payments. When you’re considering implementing an instant ...
Maximize non-interest income with your ATM/Debit program!
There’s no wrong time to evaluate program options that can better position your bank to maximize non-interest income. Have you evaluated your ATM/debit program recently? Bankers’ Bank of Kansas has added an ATM/debit program to our product offerings! Whether you need to change your current program or you are just doing a review, this program ...