Kansas City-based Commerce Bank announced it has launched a real-time payments system aimed at enabling property-casualty insurers to provide faster, more convenient claims payments. The new product, CommercePayments PreferPay, provides customers, claimants and service providers with multiple claims payment options including ACH, check or direct-to-debit card via Visa Direct.  Commerce Bank partnered with Progressive Casualty […]

Only 4% of bank business and IT executives believe that the impact of technology on the pace of banking change has stayed the same over the past three years, while 96% said it has either significantly accelerated or accelerated, according to a new report from Accenture. This technological disruption has a large effect on how banks […]

We think we know what’s at stake when banks prioritize digitization over maintaining local bank branches, but there may be more to it than previously thought. A study recently published by the Harvard Business Review found that when fewer local bank branches are available to support entrepreneurial financing, women entrepreneurs are disproportionately penalized. IN OTHER […]