ABA today joined three financial trade associations in pushing back against a report issued by Sen. Elizabeth Warren (D-Mass.) examining fraud related to instant payments sent via the Zelle network.
Real-time banking is where the market has moved. The biggest risk for community banks is to do nothing in this space.
As part of its efforts to help bankers better understand and employ financial technology, ABA has published a new white paper titled “Understanding Zelle.”
On the latest episode of the ABA Banking Journal Podcast, Jeff Plagge — president and CEO of Northwest Financial Corp. in Arnolds Park, Iowa, and a former ABA chairman — discusses how a smaller community banking company like his, with $1.8 billion in assets, can make investments to stay on the technological cutting edge.
Financial institutions are leveraging technology to make payments faster, easier and safer.
It’s a big news week on the latest episode of the ABA Newsbytes Podcast. Co-hosts Evan Sparks and Shaun Kern discuss the appointment of Jay Powell as Federal Reserve chairman and the final repeal of the arbitration rule. FirstBank’s Jim Reuter is the interview guest.