February 2023 Release Notes

February 2023 Release Notes

New StandardC features include same-day settlement & enhanced Metrc integration

$300M Settlement From Wells Fargo

$300M Settlement From Wells Fargo

Another class-action lawsuit has been closed by Wells Fargo after settling for $300M in a matter best described as 'fraud'.

Point-of-Sale Platforms for Cannabis Businesses

Point-of-Sale Platforms for Cannabis Businesses

What is a Point of Sale Platform and how are the customized for cannabis businesses

77% Prefer a Digital Banking Experience

How your Bank or Credit Union can stay ahead of the pack | JP Morgan's latest crypto patent

StandardC Update: ACH Payments

Reduce check fraud and simplify payments with StandardC's Transaction Management Platform.

Breaking News: Potential Legalization of Cannabis Could Reshape Banking Sector, Affect FinCEN and IRS Regulations

The looming legalization of cannabis might radically change the landscape for banks, credit unions, and other financial institutions servicing cannabis-based businesses.

Archive

StandardC Update: ACH Payments

StandardC Update: ACH Payments

Reduce check fraud and simplify payments with StandardC's Transaction Management Platform.

Brianna Sanchez
Robert Baron
Brianna Sanchez, +1
Breaking News: Potential Legalization of Cannabis Could Reshape Banking Sector, Affect FinCEN and IRS Regulations

Breaking News: Potential Legalization of Cannabis Could Reshape Banking Sector, Affect FinCEN and IRS Regulations

The looming legalization of cannabis might radically change the landscape for banks, credit unions, and other financial institutions servicing cannabis-based businesses.

Robert Baron
Robert Baron
Banker's DigestBanker's Digest
FedNow Payments System Poised to Increase Transaction Speeds

FedNow Payments System Poised to Increase Transaction Speeds

The instant functionality of digital payments is now an application away for 10,000+ US banks and credit unions.

Anna Lad
Robert Baron
Anna Lad, +1
CU DigestCU Digest
FedNow Payments System Poised to Increase Transaction Speeds

FedNow Payments System Poised to Increase Transaction Speeds

The instant functionality of digital payments is now an application away for 10,000+ US banks and credit unions.

Anna Lad
Robert Baron
Anna Lad, +1
Banker's DigestBanker's Digest
Interest-Bearing Accounts For Cannabis Companies Now A Reality

Interest-Bearing Accounts For Cannabis Companies Now A Reality

Cannabis companies can open interest-bearing accounts with Safe Harbor Financial, a move some say was long overdue.

Anna Lad
Robert Baron
Anna Lad, +1
CU DigestCU Digest
Minority-Serving CUs Made Great Strides in 2022

Minority-Serving CUs Made Great Strides in 2022

An NCUA report found that MDI CUs increased membership numbers, added training opportunities, and reached more customers.

Robert Baron
Anna Lad
Robert Baron, +1
CU DigestCU Digest
CUs Keep Customers By Updating Technology

CUs Keep Customers By Updating Technology

Digital authentication is a primary concern now that many payments are instant.

Anna Lad
Robert Baron
Anna Lad, +1
Banker's DigestBanker's Digest
House May Vote on SAFE Banking Act This July

House May Vote on SAFE Banking Act This July

The Cannabis-focused banking act would expand marijuana-industry protections, but controversy abounds.

Anna Lad
Robert Baron
Anna Lad, +1
CU DigestCU Digest
+1+1
All 23 Major Banks Survive Fed's $541B Stress Test

All 23 Major Banks Survive Fed's $541B Stress Test

Even "exploratory market shocks" wouldn't topple 8 major US banks.

Robert Baron
Anna Lad
Robert Baron, +1
Banker's DigestBanker's Digest
Bigger Players Are Entering the Cryptocurrency Space

Bigger Players Are Entering the Cryptocurrency Space

Traditional banking's interest in digital currency may reduce regulatory scrutiny, improving conditions for innovation among small crypto companies.

Anna Lad
Robert Baron
Anna Lad, +1
Banker's DigestBanker's Digest
Technological Advancement Results in 5,000 Jobs Cut at CitiBank

Technological Advancement Results in 5,000 Jobs Cut at CitiBank

Apps to finally reach the unbanked and screen-scraping replacements indicate more tech transformation in the financial sector.

Anna Lad
Robert Baron
Anna Lad, +1
Banker's DigestBanker's Digest
ESG Regulations in Florida May Influence Climate First Bank's Departure

ESG Regulations in Florida May Influence Climate First Bank's Departure

Customer service chatbots may be more trouble than they're worth & CU buys a bank in the 4th such tie-up of 2023

Anna Lad
Robert Baron
Anna Lad, +1
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