David Pennington’s Post

Smart small banks are moving and growing faster than ever. But they’re not doing it alone. Turnkey credit card programs are helping community banks and credit unions skip the build, keep the customer — and capture the full revenue stream. Instead of spending years and millions building infrastructure, these institutions are launching card programs in months: testing, iterating and competing head-to-head with national issuers. The result: faster growth, stronger loyalty and a real shot at reclaiming wallet share from the big five. In banking, speed and experience now beat scale. Read how turnkey credit card programs help smaller banks win wallet share in Liz Froment's latest for The Financial Brand: https://lnkd.in/eJPGwuDn #BankingInnovation #Fintech #CreditCards #CustomerExperience #FinancialServices #DigitalBanking

We are thrilled to share that ASA is now embedded into Sharetec On-the-Go Mobile! As our CEO, Rachel Collins, stated, "Sharetec is providing an industry first through our strategic partnership with ASA, empowering our credit unions to offer the features and functionality necessary to grow." Read the full press release here: https://lnkd.in/gYWPCapU

The post below from Kabir is one of the better posts I've read here recently. I've got a few takes on it: 👍 Kabir is 𝘴𝘱𝘰𝘵 𝘰𝘯 when he points out that "Chime did more to change overdraft fees than years of mandates, the political theater of hearings, including yet another one recently, or even some well designed and intentioned public interventions. It was the threat of competition, not regulation. The best pro-consumer policy is the one that makes room for innovators to deliver." 😡 However, his point that "we need both parties to get behind that!" misses the nuance that one party has been far more of a blocker of banking innovation, preferring to have just a small number of institutions, making it easier for them to control and regulate the industry. 🤔 Referring to NuBank's application for OCC charter, Kabir commented, "simply putting in an application signals how far we’ve come in enabling financial innovation in the US." Couple of issues with this comment: 1️⃣ We've only "come this far" because of a change of administrations in DC. If the results of the Nov 2024 election were different, I doubt we would have seen any increase in bank charter applications. 2️⃣ The so-called "financial innovation in the US" isn't really coming 𝘧𝘳𝘰𝘮 the US. Instead, it's non-US-based companies like Revolut and NuBank who have achieved scope and scale 𝘰𝘶𝘵𝘴𝘪𝘥𝘦 the US, and can afford to go through the charter process here.

Real-time account funding has shifted from a nice-to-have to a competitive necessity. For banks, FinTechs and payments platforms, it can help close the gap between intent and action at the very moment a customer signs up, reloads a balance or transfers cash. For customers, it’s the difference between waiting hours or days, and tapping a phone to pay for dinner five minutes after opening an account, with the actual funds available depending upon the U.S. receiving financial institution. But in a market where patience is measured in seconds, that difference shows up in conversion, retention and call center costs. #paymentsplatform #fintechs #banks #realtimefunding

U.S. Bank Expands Subscription Management for Credit Cardholders “We are constantly looking at new ways to add transparency and convenience to our cardholder experience,” said Chris Roncari, head of product and experience for consumer and small business payments at U.S. Bank. “With digital subscription management and access to digital receipts powered by Mastercard, we’re helping cardholders not only simplify the many subscriptions in their life but have greater control and insight into their spending.” https://lnkd.in/eEpac6c9 Tessa Bajema Shruti Patel Thomas Parks Anna Christensen Ankit Bhatt Jonathan Burns Ethoca Gaurav Mittal David Reeve #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Mastercard is stepping up its game in digital payments. Their new One Credential service lets users combine credit, debit, prepaid, and installment options into a single digital identity—giving Gen Z and other digital-first consumers more control and flexibility over how they pay. #DigitalPayments #Fintech #Mastercard #GenZ #PaymentInnovation #CustomerExperience https://lnkd.in/gSTxFtW4

U.S. Faster Payments Council Publishes 2025 U.S. Instant Payments Adoption Quantitative Study “The insights from this study demonstrate both the scale of progress already made and the opportunities still ahead,” said Reed Luhtanen, FPC Executive Director and CEO. “Instant payments are increasingly becoming a part of everyday transactions for consumers and businesses. As adoption accelerates, the FPC is working with members and stakeholders across the industry to address remaining challenges and ensure these capabilities are accessible, secure, and beneficial for all.” https://lnkd.in/eAFgvDTt Elizabeth G. Angela Hendershott #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Paymentology Launches PayCredit to Power Credit Innovation for Digital Banks and Fintechs Jeff Parker, CEO at Paymentology commented: “As expectations shift, issuers need infrastructure that can keep pace, and credit systems built on debit rails simply can’t deliver. PayCredit gives our clients the ability to launch and scale credit offerings quickly and responsibly, with full control over the experience and economics.” https://lnkd.in/enR_K9ij Rob Macmillan Lizzy Mosehle Nadia Benaissa Nuno Sitima Anna Porra Stephen Bowe #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Amsterdam-based core banking software provider Mambu is looking to break into the US credit union market with its flagship “composable banking” solution. 🟣Read the full story on FinTech Futures ⬇️ https://lnkd.in/egSTgsAC #CoreBanking #BankingTech

Ent Credit Union, the largest credit union in Colorado, US, has selected digital banking provider Lumin Digital to modernise its retail and business banking channels across payments, risk management, digital account opening, marketing, analytics, and third-party integrations. 📰Cameron Emanuel-Burns has the story 👇 https://lnkd.in/e_yTFZih #BankingTech #FinTech