Products & Services articles

woman making a business payment

Why the speed of business payments matters

Why the speed of business payments matters

The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can cause a ripple effect across a business and its network. But how can community banks speed up these payments? And what are the challenges they’ll need to solve? By Karen Epper Hoffman Many a consumer has […]

Why small-business payment cards have big potential

Research shows that use of dedicated small business credit cards is set for huge growth in the next few years, but what value do they offer community banks? By Colleen Morrison Imagine a relatively untapped market with the potential to balloon to $700 billion by 2022. According to Mercator Advisory Group, this may be the […]

Are your customers ready to bank by smartwatch?

Smart wearable devices have been on the rise in recent years. While only some banking functions may translate to these tiny, albeit advanced, devices, some community banks have already made the jump to the smartwatch. By Katie Kuehner-Hebert More and more people are using smartwatches for everyday tasks while on the go, but how many […]

Can apps get customers to save?

Some community banks have partnered with fintechs specializing in ways to make saving easier for customers. Here are two community banks that are growing deposits by offering personal micro-saving services through different fintech partnerships. By William Atkinson As a growing community bank, $660 million-asset ChoiceOne Bank in Sparta, Mich., found that its primary challenge was maximizing […]

Wealth management services that millennials want

As millennials near 30 or even 40, they’re becoming prime targets for financial planning and wealth management services. Here’s how some community banks are offering engaging wealth management services tailored to the needs of these digital natives. By Cheryl Winokur Munk Community banks realize that they need to attract millennials to thrive. That’s a given. […]

Protect your bank from remote deposit capture risks

Despite the newest bells and whistles of today’s banking industry, checks remain a common part of the customer experience, and remote deposit capture (RDC) has followed. What risk management strategies should banks consider when offering this convenient service? By Colleen Morrison According to the most recent Federal Reserve Payments Study, there were 19.4 billion checks […]

Independent Banker’s most innovative banks of 2019

These five community banks are all making bold changes in different ways. They’re finding their own forms of pushing the envelope, whether it’s leading the charge in a new line of business or developing high-tech solutions that will benefit the entire community banking industry. What unites them is a willingness to think outside of the box. Based on nominations, here are five community banks that we think are leading the pack when it comes to innovation.

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