First Tennessee Bank
Kingsport, TN:
Evaluating the Rewards (and Risks) of Accepting Cryptocurrency Payments in Your Business
Know the pros and cons of accepting cryptocurrencies.
Five essential steps to an examination-ready BSA risk assessment
Scrutiny of Bank Secrecy Act compliance at financial institutions everywhere is surging. Fines and enforcement orders are all over the headlines. Regulators, as well as board members, want to know that banks and credit unions have taken a good look at what their exposure is, and have a solid plan in place to address those …
3 Key Questions Small Business Owners Must Answer, or Risk Failure
The three crucial documents that will help you answer them
How to Keep Payment Fees Low for Your Small Business
In addition to figuring out the logistics of how to get paid, you may have to pay multiple vendors different payment processing fees.
How to Evaluate Business Before Buying
Evaluating a business before buying requires both quantitative and qualitative assessment. To ensure you will not get a "lemon" and have good return on your investment you need perform due diligence that will help answer many questions about the business and the seller.
How blockchain technology is fixing payments and what's next
Blockchain technologies are connecting global financial systems so they are easily interoperable, efficient, affordable and accessible.
How AI Is Protecting Against Payments Fraud
63.6% of financial institutions that use Artificial Intelligence (AI) believe it is capable of preventing fraud before it happens. AI’s many predictive analytics and machine learning techniques are ideal for finding anomalies in large-scale data sets in seconds.
How AI can reduce risk in payment innovation and migration
A recent FT article – ‘AI in banking, the reality behind the hype’ – discussed the potential of AI
9 Tech and Payment Trends Shaping Community Institutions' Future
Banks and credit unions must 'lean into' technology to a much greater degree if they hope to prevent consumers from straying to fintechs.
Will Cryptocurrencies change the game in financing?
Bitcoin and other less popular Cryptocurrencies promise to change financing the same way email changed communication. Some say it is a way to get rich quick, while others caution that it's all a big gamble-- but there's no denying the rise in popularity of virtual currency.
Getting Started With Third-Party Risk Management: Two Key Questions
A thoughtful approach based on an initial assessment of the bank’s current state can result in better risk management and compliance that aren’t overly burdensome.
Will Cryptocurrencies Break The Internet Or Break The Bank?
In a damning report on cryptocurrencies, the central bank of central banks, the Bank for International Settlements, asserts that cryptocurrencies can break the internet and serve little financial purpose other than fueling crime, environmental damage and evasion. The bigger opportunity is missed.
A definitive glossary of blockchain and cryptocurrency terms
It can be hard sometimes to understand exactly what’s going on with blockchain. Words float on without meaning for beginners who struggle to understand the basics. This is a glossary of different blockchain terms designed so you can string together different ideas and concepts and participate more fully in blockchain discussions. Each term comes with …
Compound makes it easy to borrow and lend cryptocurrencies
Who needs the bank? Digital asset cryptocurrency is creating a new ecosystem.
Take your bank account as an example. Money is all about a verified entry in some database of accounts, balances, and transactions. Cryptocurrency works that same way.
Payments transformation: are the banks ready?
When it comes to innovation in financial services, the payments sector is leading the way. The wides...
How financial institutions can reap the rewards of microtransformations
Financial institutions in search of digital transformation should turn to microtransformations during times of uncertainty
Should You Accept Equity as Compensation?
Startups are short on cash but long on equity, so they often offer it as compensation. Here's why that could be a good or bad thing and what to negotiate.
4 Tips for Quicker Payments
When operating a small business, cash flow is incredibly important. The goal is to have access to your funds consistently and predictably in order to pay employees and vendors and order supplies as needed. We have a few tips to help increase cash flow and receive quicker payments. Next Day Funding If having adequate funds …
Why Faster Payments Matter
Most of us are unaware of how money progresses through the U.S. payments system and just how slow the process usually is. It can take more than three days for funds to transfer between bank accounts under the current Automated Clearing House system, in which transactions are batched and sent during
