Digital Banking

No one knew or projected that the COVID-19 pandemic would become a catalyst for technological advancement and broad acceptance of digital banking tools, but that is exactly what occurred. The necessity of limiting face-to-face contact to prevent contagion circulation created a vacuum that technology companies rushed to fill, and members sought to use.

The Senate this week passed S. 597 The Social Security Fairness Act, closing out the year with a move that will open the door to increased benefits payments for millions of retired Americans.

However, we also recognize the importance of your communicated desire for more robust, secure digital delivery methods for financial services that better align with your life’s daily schedule.

Every October, the Social Security Administration (SSA) makes adjustments to Social Security programs to keep pace with inflation. These adjustments then go into effect the following January. The most significant of these annual changes are typically the Cost-of-Living-Adjustments (COLA), the annual tax caps and earning limit increases.