The U.S. Department of Treasury will no longer be minting pennies by the end of this year. Although pennies will no longer be produced, they will remain in circulation as legal tender. Digital payments remain unaffected by this and will
Effective July 14, 2025, all wire transfers will be transitioning to a new global standardized message format known as ISO 20022. This change affects how banks send and receive wire payment information and is designed to enhance security, improve the
By Todd Hovland, President & Cofounder Small businesses make up more than 99 percent of all businesses nationwide. Despite their crucial role in the economy, about 20 percent of them fail within their first year, and the average lifespan of
By Tim Viere, CEO & Cofounder When building a great team, there isn’t a tried and true manual. If there was, I wouldn’t be writing this. With over 40 years in the banking industry, I’ve learned a thing or two,
By Loretta Carlson, Senior Vice President & Treasury Management Officer Scammers are finding more creative and sophisticated ways to hack into online systems to steal money and sensitive information from businesses. Earlier this year, security researchers discovered that a database
By Elizabeth M. Ortloff, CRCM – SVP, Senior Compliance & Audit Officer Business owners may not yet be aware of a new regulation that took effect at the beginning of the year. But they should be aware because there are
The Evolve Payment team invites you to our upcoming Panel Presentation hosted at Entre Bank on October 12, 2023. Experts from multiple sectors of the financial industry will share their knowledge and bring clarity and insight to a commonly misunderstood
You will hear a lively discussion from a field of experts that will cover many areas of the business selling and buying process. Hear from a business owner who has sold a business, a buyer who has purchased multiple businesses,
Each summer, BankBeat honors Rising Stars in Banking. Nominations for bankers under the age of 45 are accepted at any time, but submissions close on May 5. The Rising Stars in Banking program is sponsored by United Bankers’ Bank.
Over the weekend, news spiked regarding the failures of Silicon Valley Bank in California and Signature Bank in New York, prompting the Department of the Treasury, Federal Reserve and FDIC to step in to protect deposits and provide more stability
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