When debit cards hit the streets in the ’90s, the mighty check saw its role in financial transactions diminish. Fewer and fewer retail outlets take checks these days, but they haven’t completely checked out, [...]
The Federal Reserve System recently released its research on the continually evolving payments industry, 2016 Federal Reserve Payments Study, using 2015 payments data. This research is used to establish the total volume and composition of [...]
Check usage still remains a favorite way to pay by many credit union members, and not necessarily just older members. While online bill pay has been taken up by 4 out of 5 households that [...]
Mobile deposit capture continues to grow in usage, with more than 17.4 million U.S. online households using the capability in 2015 – up 13 percent year over year, according to the Expectations and Experiences [...]
What tricks is your financial institution using to optimize the profitability of its consumer and business check programs? If you’re smart, you’re building online capabilities into account offerings, allowing customers to pay bills, [...]
This time of year promotes reflection on what we should be grateful for in our lives, from family and friends, to work and social life balance. It is a time to count our blessings, share [...]
In an age where convenience reigns king, consumers are increasingly demanding easy, quick, unlimited and free access to all things banking. That includes their cash. A recent FindABetterBank survey of 2,300 consumers found 59 [...]
by: Wendy Blaeser Increasing revenue while reducing costs – it’s a universal goal for financial institutions. Yet with a regulatory environment and economic conditions that are constantly in flux, it can be singularly challenging to [...]
by: Robert McGarvey The paper check may finally be about to vanish. It’s been a long time coming. In 2012, according to Federal Reserve Bank numbers, we wrote some 20 billion of them. That [...]
by: Jane Pannier Effective Date: July 23, 2015 for the Reg. J and policy changes and for the policy changes related to the posting and debiting of check and ACH transactions to financial institutions’ accounts [...]
by: Brian Day Many Americans are taking advantage of mobile remote check deposit. In fact, according to a recent American Bankers Association (ABA) survey, one in eight respondents used remote deposit in the past year. [...]
Checking without overdraft fees, card security and access to liquidity. by: Bob Giltner Credit unions take great pride in their service to members, so it may be surprising to hear that many CUs are, unintentionally, [...]
by. Brent Batchelor In 1990, I don’t recall ever entering a retail store and seeing a “We do not accept checks” sign staring back at me as I stood at the register. Retailers knew [...]
