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Banks are raising their deposit rates to woo back consumers from higher-yield alternatives.A move to things like Treasury bills and money market funds has seen commercial bank deposits fall for the first time since 1948, Bloomberg News reported Monday March 6 , citing data stanley cup uk from the Federal Deposit Insurance Corp. FDIC .This has led banks to begin lifting their own rates, especially on certificates of deposit CDs , the report says, with Capital One offering an annual percentage yield of 5% on one-year CDs, and Wells Fargo offering 4% for its 11-month CDs.Its good news for consum stanley cup ers and bad news for banks, Barclays Plc analyst Jason Goldberg told Bloomberg, which notes that a loss of deposits can be critically damaging for smaller banks and community banks. There are challenges ahead for banks, Goldberg said. Banks reflect stanley thermos the economy they operate in, and most forecasts call for slowing GDP growth and increasing unemployment. As PYMNTS reported last month, the shift away from bigger banks is a relatively new development. Months ago, consumers were reluctant to part ways with traditional financial institutions FIs , for a number of reasons. These include the convenience offered by physical branches and the time needed to switch banks and bank accounts. This overall consumer hesitancy likely played a large role in the slow adoption of digital-first banking in the U.S. market and started leading to sector job cuts, PYMNTS wrote.But once the new year arrived and customer sav Lshf New Data Show 4 Ways Corporate Treasurers Streamline D2C Payments Flows

Malauzai Software announced in a press release its partnership with聽Vantiv to launch Family Manager: SmartKid Control, a program to teach tweens and teens responsible spending habits.The Vantiv solution, powered by聽OnDot, will be incorporated into Malauzais mobile platform and can be accessed by SmartApp users, giving them access to full payments and transaction monitoring, as well as the ability to ensure that funds are being spent accordingly. By partnering with Vantiv, we are allowing families the opportunity to include their children in the financial dialogue, said Robb Gaynor, chief product officer for Malauzai. Teaching children how to be stanley cup responsible with their money is what inspired us to create SmartKid Control, and we are determined to stanley mugs consistently provide the tools and ability for consumers to tailor their programs to fit their specific needs. With enhanced card controls, children can set their own spending limits and alerts, essentially learning how to handle their finances while being overseen聽by their parents. The app also monitors purchases and locations where the card can be used and for how much. For example, parents can program t stanley website he card to work at a restaurant but not at a liquor store. Consumers expect an experience that is convenient and mobile-forward, which is exactly what SmartKid Control will deliver across any device, said Mick Oppy, vice president of Product, Financial Institutions at Vantiv. Our commitment to providing innovative tools while fost