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Derive! Whenever presented with the option, I recommend utilizing the derive feature in PATH. Deriving populates fields for you based on the process you are performing and reduces the errors that can be made. |
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Instant Payments |
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The payment landscape has changed and will continue to evolve over the next several years. According to the Faster Payment Council, *“70-80% of all financial institutions are estimated to enable receiving instant payments by 2028. 30-40% of respondents will be sending instant payments by 2028.” With the increasing volume of enrolled banks, it is time to start discussing with your core about their readiness for instant payments and evaluate your bank’s implementation strategy.
Furthermore, consider if the developments in banking, technology, and payments are an opportunity to change your market. As you ponder that, also evaluate your risk tolerance and mitigation strategy for payments.
*U.S. Faster Payments Council – Instant Payments Adoption Outlook |
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ISO 20022 |
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The compliance deadline for the ISO 20022 standard has been extended from March 10, 2025, to July 14, 2025. Although the date has been extended, don’t let July 14 creep up on you! Be ready!
Find all our resources, including our ISO 20022 Bulletins, webinar recordings, and training videos, on our ISO 20022 Resources webpage to help you and your staff prepare. |
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Our team at Bankers' Bank of Kansas would be happy to
speak with you about instant payments or ISO 20022.
For questions regarding ISO 20022, please visit the ISO 20022 Resources page at BBOK.com or email us at path@bbok.com.
For questions related to instant payments, please contact either of our
Vice President - Relationship Managers, or email us at path@bbok.com: |
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Bryan Blundell
Vice President - Relationship Manager
direct 316.681.9213 | mobile 316.218.2129
office 316.681.2265 | bblundell@bbok.com |
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Matt Allred
Vice President - Relationship Manager
direct 316.681.9248 | mobile 316.833.2841
office 316.681.2265 | mallred@bbok.com |
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Innovate 2025: BBOK Operations Summit
Early Bird Savings Closes Soon!
Take advantage of *early bird savings
for Innovate 2025 before it’s too late! |
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By attending Innovate 2025, you will have the opportunity to:
👉Hear directly from industry leaders about the impacts that innovative approaches have had on their financial institutions.
👉Share your innovative banking ideas with other industry professionals and BBOK staff.
👉Explore strategies for overcoming innovation challenges in the community banking industry.
*Registration price will increase on March 1, 2025, raising
the fee from $125/person to $150/person.
The final day to register for Innovate 2025 - BBOK Operations Summit
is Wednesday, April 9.
We look forward to seeing you there!
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| Register Today! |
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IN THE KNOW
Stay up to date on all things happening in the Cash Management department at BBOK! |
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BBOK Cash Management Department Update
To be consistent with the industry, you may notice that we have been referencing to our department as “Cash Management." This department consists of:
Electronic Banking - this team can assist you with all your PATH needs. Electronic Banking questions can be addressed by emailing path@bbok.com or calling 1.866.258.1430.
Safekeeping and Investments – this team can you assist you with safekeeping and bond accounting services. Safekeeping and Investments can be reached by emailing investments@bbok.com or calling 1.800.999.5725, option 3. |
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ISO 20022 Bulletin Guess the Word Winners
Over the last several weeks, Bankers’ Bank of Kansas has been sending out weekly bulletins with information related to the ISO 20022 standard taking effect on July 14, 2025. We encouraged everyone to find hidden letters that, after the February 11 edition had been sent, would spell out a secret word. We had a handful of individuals who were able to decode the word (PASSION) and each of them received a FREE registration to our operations summit - Innovate 2025! |
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BBOK Attends KBA Bank Technology and Operations Conference
BBOK team members Daniel Hayden, Tracy Stewart, Matt Allred, and Bryan Blundell had the opportunity to speak with attendees at the KBA Bank Technology and Operations Conference about the services BBOK offers and upcoming events. |
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Those that stopped by the BBOK booth had a chance to enter for multiple giveaways including: two Valentine's Day baskets filled with wine, chocolates, wine glasses, and $500, AND one winner received a free registration to Innovate 2025! |
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Our mailing address is:
Bankers' Bank of Kansas | 555 N Woodlawn, Bldg 5 | Wichita, KS 67208 US |
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Click here to unsubscribe | Sent to: _t.e.s.t_@example.com
Bankers' Bank of Kansas, 555 N Woodlawn BLDG 5, Wichita, KS 67208, United States |
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