The PATH to Success: ISO 20022 Preparedness Quiz, Cryptocurrency...What's the big deal?, and Call-in Wire Codes Issued

May 2025

Bankers' Bank of Kansas will be closed on Thursday, June 19, 2025, in observance of Juneteenth. We will reopen for business on Friday, June 20.

Need to grant a new employee access to the Currency Exchange website? An administrator within CXI must add them to the site. While checking the privilege in PATH allows access to the external systems and the Currency Exchange website, it does not grant access to the CXI.

CRYPTO CURRENCY...WHAT'S THE BIG DEAL?

Cryptocurrencies are grabbing headlines, and it's about time that we dive into this topic! They spark endless conversations and questions, which we are excited to explore in the coming months.

Are cryptocurrencies currencies, assets, or both? Are they mediums of exchange or speculation? What's the deal with stablecoins, and are they sustainable? How safe are cryptocurrencies, and do they belong in your bank? This article aims to introduce some key terms and concepts. It's only the beginning, as we'll continue to unpack the world of cryptocurrencies over the next few months.

Now that we’ve begun to explore basic cryptocurrency terminology, we will continue to expand on these terms, alongside other topics and the questions mentioned above, over the coming months. The cryptocurrency landscape changes daily, and Bankers’ Bank of Kansas is committed to being your advisor for how cryptocurrency can benefit both you and your customers.

Source

Lewis, A. (2018). The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them (Cryptography, Derivatives Investments, Futures Trading, Digital Assets, NFT). Mango.

INSTANT PAYMENTS

Imagine opening your bank one day and realizing that while you’ve rightfully focused on traditional services, the bank and credit union down the street have embraced instant payments. However, envision the advantage you’d have if you were ahead of the curve, ready to meet your customers’ needs before they even ask. Today, customers and businesses are seeking the fastest, most efficient ways to move money. You have the opportunity to develop a strategy that positions your institution at the forefront of this growing service. The time to act is now! By implementing instant payments, you’ll ensure your bank is ready to deliver exceptional service, keeping your customers happy and your deposits secure.

Our team at Bankers' Bank of Kansas would be happy to speak with you about instant payments.

For questions related to instant payments, please contact either of our

Vice President - Relationship Managers, or email us at path@bbok.com:

Bryan Blundell

Vice President - Relationship Manager

direct 316.681.9213 | mobile 316.218.2129

office 316.681.2265 | bblundell@bbok.com

Matt Allred

Vice President - Relationship Manager

direct 316.681.9248 | mobile 316.833.2841

office 316.681.2265 | mallred@bbok.com

ISO 20022 PREPAREDNESS QUIZ

Click here to find all the Bankers' Bank of Kansas

resources to prepare for ISO 20022.

CALL-IN WIRE CODES ISSUED

By this time, call-in wire authorized users should have received the following emails to retrieve their annual call-in wire code:

The first, unencrypted, will notify you of the new call-in wire.
The second, encrypted, will contain your call-in wire code.

KEEP THIS CODE SAVED AND STORED SECURELY (PLEASE DO NOT SAVE AND STORE IN THE SECURED EMAIL). Bankers' Bank of Kansas won't process call-in wires without a valid call-in wire code, ensuring fraud protection for both parties. If you did not receive a call-in wire code or have questions or concerns, please contact path@bbok.com.

IN THE KNOW

Stay up to date on all things happening in the Cash Management department at BBOK!

Bank Staff Changes

BBOK has your bank's Authorized Signature card on file. If you have had recent bank staff changes for individuals listed on these files, please contact rwalcher@bbok.com to review if new Authorized Signature cards are needed.

The PATH to Success Newsletter - We Want Your Feedback!

We have been sending this newsletter for more than a year and would love to hear your thoughts on our performance. Please send us your feedback to path@bbok.com and let us know if the newsletter is valuable to you. If you find value in the information, we welcome your compliments. Similarly, if you have suggestions for improvement, we would greatly appreciate your input to enhance the newsletter’s benefit for you. Thank you!

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