Dave McCune

A driving factor in the growth of Same Day ACH payments is the ACH Network’s firm establishment. ACH is ubiquitous, and businesses and consumers are familiar with it. Unlike some of the newer real-time payment rails, virtually all FIs are connected to ACH, facilitating money movement regardless of the customer’s bank. “If you’re a business and you haven’t dipped your toe in the faster payments waters yet, start with what you’re familiar with, which is likely to be ACH,” Michael Herd, Executive Vice President of ACH Network Administration at Nacha said. “Same Day ACH is just a faster form of what you already know. It’s the same system and the same processes. You will have to adapt to the faster settlement of funds, but ultimately there’s a much lower barrier to entry.” Read more: https://lnkd.in/e3hiv_g2

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Looking to elevate workflow efficiency? Shastic's AI-Workflow-Automation platform is what your credit union needs to revolutionize operational efficiency and member engagement. Why Choose Shastic? -Streamline Processes: Automate to save time and minimize errors to focus on high-value tasks. -Enhanced Member Experience: Deliver personalized, digital-first services that exceed member expectations. -Drive Efficiency and Growth: Leverage predictive analytics for data-driven decisions, enhancing your competitive edge. -Seamless Integration: Effortlessly connects to your existing systems in minutes with minimal IT lift. 🔍 Transformative Impact From loan processing to member services, witness a tangible improvement in productivity, satisfaction, and ROI. Join the leaders who are already redefining the credit union industry with Shastic. 🌐 Schedule Your Demo Today Don't just keep pace with technology—lead the charge. Request your Shastic demo today and take the first step toward a smarter, more responsive, and member-focused future. https://hubs.ly/Q02Py-7B0 #AI #workflowautomation #efficiency #automation #creditunion #banking #workflow

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Interesting article discussing the pace and consequences of credit unions currently acquiring community banks... Our friends at the Independent Bankers Association of Texas have been very clear about the negative impact of this trend on community banks. We would love to hear thoughts from some of the bankers out there. #banking #trends https://lnkd.in/gu4Dvp4q

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👉 FREE EBOOK DOWNLOAD 👈 As #creditunions engage in their strategic planning sessions, they should consider what will really help them not just grow, but thrive, long into the future. Network Lending helps future-proof your credit union allowing it to more adeptly navigate market fluctuations and provide more flexibility with your liquidity management. #lending #fintech #strategicplanning #growth

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Kitchen table issues remain front and center for many customers and members at #communitybanks and #creditunions. Offering a checking product that delivers real value to them is the kind of brand reinforcement community FIs can't buy. Delivering not just value in a product but value across customers/members' lives is why BaZing has been boosting primacy, organic growth, and noninterest income to hundreds of community FIs that have joined us. What's more, as banking continues to become more competitive, BaZing helps community FIs differentiate from the competition. #banks #banking #communitybanks #creditunions #checkingproducts #primacy

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As the leader in next-generation processing, Zeta has had hundreds of conversations with executives at large and mid-sized banks and credit unions. We have a unique perspective on what truly causes bank and credit union modernization to fail, and what the best financial institutions do to address the challenges. Join our President, Gary Singh for a discussion on why financial institutions fail or succeed at modernization. Join the webinar to gain insights into: - The 3 biggest challenges that must be addressed in order to truly modernize - What differentiates successful vs. failed modernization programs - Which platforms to prioritize - core, cards, lending, etc. - Navigating the financial institution: influence, approvals and blockers Register now: https://hubs.ly/Q02LgTgM0

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Wish you were attending Abrigo's ThinkBIG conference? Don't worry! Here are some key takeaways from the 20th annual ThinkBIG: https://lnkd.in/gT9VS5Te #ThinkBIG2024 #ThinkBIG24 #ThinkBIG #weareabrigo

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Is your bank ready to modernize its core systems? With core modernization, regional banks can scale faster, launch new products, and meet the demands of today's banking environment. Core modernization goes beyond upgrading technology. It’s about responding to shifting market needs, improving customer engagement, and achieving sustainable growth. There are four main approaches to core modernization, each offering unique benefits depending on a bank’s needs and risk tolerance: 1) Big Bang Modernization: A full, rapid technology overhaul. 2) Greenfield Modernization: Building a new platform alongside the existing one. 3) Sidecar Modernization: Running new functions in parallel with legacy systems. 4) Progressive Modernization: Gradual replacement of legacy components. Each approach has its strengths, and it’s up to each bank to determine which path best aligns with their strategy for growth. What do you see as the biggest challenge for your bank when modernizing core systems? Explore the different approaches and find out which best fits your institution’s strategy in today's OrboNation blog post!

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The latest data from NCUA paints a challenging picture for credit unions, but staying informed is the first step toward tackling these issues head-on. Check out our News & Resources page for an in-depth look at the trends and what’s next for the industry. #CreditUnionData #FinancialServices #TyfoneInsights

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Many banks and credit unions use Alchemer Digital to collect and respond to in-app and web customer feedback. This helps them drive data-driven product decisions and increase member retention. Learn how Advantis Credit Union uses Alchemer Digital to increase ROI and improve customer satisfaction, loyalty, and retention. https://lnkd.in/gitbeBgE

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DCG’s deposit forecast indicates that the industry is still not back to “normal” regarding expectations for deposit cost relief and balance growth in 2025. Andrew Mitchell shares more on the path forward: https://hubs.ly/Q02X8Q9x0 #bankingindustry #creditunions #deposits

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For the first time, RDFIs will have a defined role in monitoring ACH payments they receive. This significant development, approved by Nacha members, aims to combat fraud, including business email compromise (BEC), associated with credit-push payments. As Jane Larimer, Nacha President and CEO, points out, "All participants in the ACH Network have a part to play in reducing the incidence of fraud and recovering when fraud has occurred." Learn more in our April 2024 Innovating Payments Executive Summary— Nacha Rules Take Aim at Credit-Push Fraud: https://lnkd.in/ezsgudgX. Plan to join Sean Carter, AAP, APRP, Mark J. Dixon, CTP, AAP, APRP, NCP, Mary Morrison, AAP, APRP, NCP, CAMS, and Patty Presta for a comprehensive two-part series, "Diving Into the Operation Impact of the New ACH Rules," on May 31 and June 07, 2024, where they will delve into the implications of these new rules, offering insights on implementation, procedures, policy updates, audits, risk assessments, and organizational engagement. 🔍 Curious about engaging with third-party providers? 📝 Wondering about new procedures and policy updates? 🤔 Unsure about ACH audits or risk assessments? Get the answers by registering for Diving Into the Operation Impact of the New ACH Rules: https://lnkd.in/e7y73DN2 #ACH #FinancialServices #FraudPrevention #RegulatoryCompliance #ProfessionalDevelopment

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Short-term #delinquencies are on the rise as #credit access remains tight and high monthly #payments continue to squeeze #consumers. https://hubs.la/Q02zmycc0 #autofinance #autoindustry

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For CDFI credit unions that had concerns whether their 2023 loans might not meet the new certification standards, the extension from the Community Development Financial Institutions Fund (CDFI Fund) is great news! Now there’s time to make adjustments as needed. So where do you start? Learn more during our July 10 webinar for currently certified CDFI credit unions: https://loom.ly/qKXwPRc #creditunions #CDFIs

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Q2 Principal Product Marketer Jaime Dominguez joined Mike Lawson at The Financial Brand Forum last week to discuss how Q2 is making #DigitalBanking more personal for today's financial institutions with #Q2Engage. Tune in to this episode of the CUbroadcast here 👉 https://lnkd.in/g8MvnAFP #fbforum #CUbroadcast

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Community banks and credit unions are gaining momentum in the credit card issuing space. To maximize the value of their new cardholders, these smaller FIs need a solid early month on book strategy. Download our tip sheet for essential EMOB truths and consequences for community issuers ➡️

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The #CFPB issued an interpretive rule describing how lenders issuing digital user accounts to access credit are also “creditors” subject to subpart B of Regulation Z. The rule makes clear that lenders issuing BNPL products and other digital user accounts to access credit will be regulated like credit card providers. Read more in this #clientalert: https://ow.ly/8IYm50RTU3w #legalnews

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KBRA released a report that examines how some #creditunions are turning to the ABS market. Credit unions have traditionally sourced funding through member deposits, wholesale borrowings and, to a lesser extent, through #loanparticipation sales and alternative sources such as repurchase agreements and committed lines of #credit. Read the full report here: https://lnkd.in/euADmnVb | #assetbacked #insightfulresearch

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