News Updates
Compliance Corner – Pig Butchering Scams
Are you talking about “Pig Butchering” at your institution? If not, it’s something you should be talking about with your customers and your staff. “Pig Butchering” is a type of confidence trick and investment fraud in which a victim is gradually lured into making increasing contributions, in the form of cryptocurrency, to a seemingly sound investment ...
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 ...
Bank Card Product Enhancements and Growth
Several enhancements have been made to the Business and Purchasing credit cards to continue to meet the needs of your customers. For the Business card, the annual fee has been eliminated and the minimum payment due has been updated from pay-in-full to a minimum of $25 or 2% of the New Balance (whichever is greater). ...
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 ...
Preparing for Instant Payments
You likely haven’t had a customer come into your bank asking if they can make payments through the FedNow Service, but demand for instant payments exists and being live on FedNow Service is an opportunity to have those funds held at your bank. By knowing the answers to the following questions, you can be prepared ...