Banking to the Future Financial Mainstream. Betsy Flynn President/CEO Community Financial Services Bank

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Banking to the Future Financial Mainstream. Betsy Flynn President/CEO Community Financial Services Bank"

Transcription

1 Banking to the Future Financial Mainstream Betsy Flynn President/CEO Community Financial Services Bank 1

2 Who are Unbanked and Underbanked? Unbanked: No checking or savings account. Underbanked: Have an account, but continues to rely on alternative financial services, like check-cashing services, payday loans, rent-to-own agreements or pawn shops. 2

3 National Statistics on Unbanked and Underbanked 7.7% of U.S. households are unbanked 17.9% of U.S. households are underbanked 43% of households with a yearly income below $30,000 are either unbanked or underbanked 54% of black households and 43% of Hispanic households are unbanked or underbanked, compared to only 18% of white households 3

4 Unbanked and Underbanked in Kentucky 11.9% of households in Kentucky are unbanked 23.7% of households in Kentucky are underbanked 4

5 Unbanked and Underbanked in Marshall County 8.7% of households in Marshall County are unbanked 18.8% of households in Marshall County are underbanked 5

6 How to Reach Unbanked and Underbanked? 6

7 How to Reach Unbanked? Mobile Websites and Devices Mobile Payments Checking accounts that have varied rewards ATM Refunds Rewards for Debit Card Usage Marketing towards International Demographics 7

8 How to Reach Underbanked? Extended Mobile Services Varied Payment Options Free/No Minimum Balance Checking/Savings with Debit Card Access Second chance accounts Grass roots campaigns 8

9 Reaching Unbanked and Underbanked Through Technology 9

10 Reaching Unbanked and Underbanked Through Mobile 80% 60% 40% 20% Banks with Mobile Banking Yes No, But Plan to Within 24 Months No Interest 0% $100M or Less $100M to $250M $250M to $500M More Than $500M 10

11 Do you plan to offer Mobile Banking? 15% 38% 47% Yes No, but plan to within 24 months No, not planning to 11

12 Reaching Unbanked and Underbanked Through Mobile Method of Mobile Banking Mobile Web SMS/Text Message Downloadable App 0% 20% 40% 60% 80% 100% 12

13 Mobile Payments Currently offer Plan to offer before % 6% 26% 23% 28% 56% 51% 55% Over $500 million $251 - $500 million $101 - $250 million Not planning to offer before % 27% 35% 66% 0% 20% 40% 60% 80% 13

14 Mobile Payments What type of mobile payments do you support? Mobile web payments (WAP) 85.1% SMS based/text message payments 40.4% Other: 4.3% Contactless NFC (Near Field Communication) 0.0% 0% 20% 40% 60% 80% 100% 14

15 Mobile Payments 73% Mobile web payments SMS based/text message payments 87% 100% 75% Over $500 million $251 - $500 million $101 - $250 million 67% Under $100 million 33% 15% 50% 0% 20% 40% 60% 80%100% 15

16 Emerging Payment Products Currently Offer Consumer international payments 69.6% Prepaid cards 48.8% Electronic P2P payments 27.4% Consumer RDC 25.2% Mobile payments 14.0% 0% 10%20%30%40%50%60%70%80% 16

17 Emerging Payment Products Plan to offer before 2013 Mobile payments 47.30% Electronic P2P payments 33.40% Consumer RDC 20.70% Prepaid cards 13.80% Consumer international payments 5.10% 0% 10% 20% 30% 40% 50% 17

18 Emerging Payment Products 18

19 CFSB Current Actions to Reach Unbanked and Underbanked 19

20 Mobile Technology Online Banking and Bill Pay Users Bill Pay Active Bill Pay Users Online Acive Online Active Online Users 0% 20% 40% 60% 80% % 20

21 Debit Card Transactions PIN (Debit) NON-PIN (Credit) , ,162, , ,340, , ,532,948 21

22 ATM Transactions On-Us Transactions Foreign Transactions , , , , , ,413 22

23 Mobile Banking Live November 1, current users 23

24 Future Goals to Reach Unbanked and Underbanked 24

25 Mobile Applications Mobile Website Mobile Remote Deposit Mobile App for Merchant to Process Credit Cards Mobile Online Financial Management Alerts 25

26 New Website Online Loan Payment Option for Credit/Debit Cards New Website Translation in Spanish Online Account Opening Live Chat with Call Center Staff Online Financial Management Tool 26

27 International Customer Base Website translation in Spanish Translated brochures Student accounts tailored to International students at Murray State University Bilingual Call Center team member 27

28 Banking Centers Relationship Banking International Communication Capabilities Video Conferencing Digital Media 28

29 Information gathered from: Bank On joinbankon.org 2010 ICBA Technology Survey 2011 ICBA Payments Survey CFSB Data March

MasterCard Payroll CardTM

MasterCard Payroll CardTM MasterCard Payroll CardTM Pay employees more efficiently Solutions MasterCard Workplace Solutions MasterCard Workplace Solutions MasterCard Workplace Solutions introducing the MasterCard Payroll Card A

More information

Joseph Coleman, Chairman Financial Service Centers of America. Hearing on Direct Deposit of Social Security benefits. September 12, 2012.

Joseph Coleman, Chairman Financial Service Centers of America. Hearing on Direct Deposit of Social Security benefits. September 12, 2012. Statement of Joseph Coleman, Chairman Financial Service Centers of America Submitted to the House Committee on Ways and Means Subcommittee on Social Security Hearing on Direct Deposit of Social Security

More information

FDIC National Survey of Unbanked and Underbanked Households

FDIC National Survey of Unbanked and Underbanked Households Supplement Survey Instrument OMB. 3064-0167 Expiration Date: 12/31/2011 FDIC National Survey of Unbanked and Underbanked Households 1. Do you or does anyone in your household currently have a checking

More information

Evolving Mobile Payments Industry Landscape

Evolving Mobile Payments Industry Landscape Evolving Mobile Payments Industry Landscape Mobile Banking: Can the Unbanked Bank on It? Sargent Shriver National Center on Poverty Law webinar August 16, 2012 Marianne Crowe Federal Reserve Bank of Boston

More information

Gold Checking Frequently Asked Questions:

Gold Checking Frequently Asked Questions: Gold Checking Frequently Asked Questions: What are the benefits of Gold Checking? High- dividend on balances up to $15,000. Nationwide ATM fees refunded up to $25 a month. Free Online and Mobile Banking

More information

Driver of Choice? The Cost of Financial Products for Unbanked Consumers. Fumiko Hayashi, Josh Hanson, and Jesse Leigh Maniff November 2015 RWP 15-15

Driver of Choice? The Cost of Financial Products for Unbanked Consumers. Fumiko Hayashi, Josh Hanson, and Jesse Leigh Maniff November 2015 RWP 15-15 Driver of Choice? The Cost of Financial Products for Unbanked Consumers Fumiko Hayashi, Josh Hanson, and Jesse Leigh Maniff November 2015 RWP 15-15 Driver of Choice? The Cost of Financial Products for

More information

2013 FDIC National Survey of Unbanked and Underbanked Households

2013 FDIC National Survey of Unbanked and Underbanked Households 2013 FDIC National Survey of Unbanked and Underbanked Households Federal Deposit Insurance Corporation October 2014 Members of the FDIC Unbanked/Underbanked Survey Study Group Authors: Susan Burhouse,

More information

Banking the Unbanked. The Wells Fargo Approach. Susan Rico Senior Vice President Global Correspondent Banking Wells Fargo Bank, N.A.

Banking the Unbanked. The Wells Fargo Approach. Susan Rico Senior Vice President Global Correspondent Banking Wells Fargo Bank, N.A. Banking the Unbanked The Wells Fargo Approach Susan Rico Senior Vice President Global Correspondent Banking Wells Fargo Bank, N.A. March 18, 2009 The Unbanked Market Overview According to Federal Reserve

More information

bi on Solution white paper

bi on Solution white paper bi on Solution white paper Billon Solution Overview Despite concerted efforts for years, cash has not yet been eliminated. Mostly because not everyone has a bank account and debit card - an estimated 2.5

More information

U.S. Mobile Payments Landscape NCSL Legislative Summit 2013

U.S. Mobile Payments Landscape NCSL Legislative Summit 2013 U.S. Mobile Payments Landscape NCSL Legislative Summit 2013 Marianne Crowe Vice President, Payment Strategies Federal Reserve Bank of Boston August 13, 2013 2 Agenda Overview of Mobile Payments Landscape

More information

Key Topics in Mobile Payments. Marianne Crowe Federal Reserve Bank of Boston m-enabling Summit June 10, 2014

Key Topics in Mobile Payments. Marianne Crowe Federal Reserve Bank of Boston m-enabling Summit June 10, 2014 Key Topics in Mobile Payments Marianne Crowe Federal Reserve Bank of Boston m-enabling Summit June 10, 2014 Agenda Overview of mobile payments landscape Role of Federal Reserve Mobile Payments Industry

More information

PRICING GUIDE 2016 Consolidator

PRICING GUIDE 2016 Consolidator PRICING GUIDE 2016 Consolidator Consolidator Current account fee options for 2016 If you re over 55 years and looking for a simple way to run your finances, then Standard Bank Consolidator is the account

More information

Consumers and Mobile Financial Services

Consumers and Mobile Financial Services Consumers and Mobile Financial Services March 2012 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Consumers and Mobile Financial Services March 2012 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

More information

Using Prepaid Cards for Claims (and other) Payments

Using Prepaid Cards for Claims (and other) Payments Using Prepaid Cards for Claims (and other) Payments American Association of State Compensation Insurance Funds Super Conference Presentation October 2 October 5, 2012 Rick Pileggi Senior Vice President

More information

WHY BANKS SHOULD STOP IGNORING THE UNDERBANKED

WHY BANKS SHOULD STOP IGNORING THE UNDERBANKED WHY BANKS SHOULD STOP IGNORING THE UNDERBANKED Summary The underbanked segment is a significant percentage of the entire U.S. population and while banks do acknowledge the underbanked live in their service

More information

Everest Horton Bank of Atchison Bank of Gower Bank of McLouth Bank of Oskaloosa Bank of Plattsburg Member FDIC

Everest Horton Bank of Atchison Bank of Gower Bank of McLouth Bank of Oskaloosa Bank of Plattsburg Member FDIC Frequently Asked Questions Rewards and Qualifications Is there a Service Charge for a My Rewards Checking? o There is never a service charge. It is always a free account. What are the Rewards for My Rewards

More information

An Employer s Guide to Payroll Cards

An Employer s Guide to Payroll Cards An Employer s Guide to Payroll Cards An important part of your role as an employer is to ensure that you pay your workers promptly and accurately, and that you comply with federal and state payroll laws

More information

PRICING GUIDE 2015. Consolidator. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. Consolidator. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 Consolidator Still bringing you real banking value Moving Forward TM Consolidator Current account fee options You can choose from three different fee options. 1. Pay as you transact

More information

OVERVIEW OF MOBILE PAYMENT LANDSCAPE

OVERVIEW OF MOBILE PAYMENT LANDSCAPE OVERVIEW OF MOBILE PAYMENT LANDSCAPE NEACH FORUM September 10, 2014 Marianne Crowe Federal Reserve Bank of Boston Disclaimer: The views expressed in this presentation are those of the presenter and do

More information

OVERVIEW OF MOBILE PAYMENT LANDSCAPE Marianne Crowe Federal Reserve Bank of Boston NEACH September 10, 2014

OVERVIEW OF MOBILE PAYMENT LANDSCAPE Marianne Crowe Federal Reserve Bank of Boston NEACH September 10, 2014 OVERVIEW OF MOBILE PAYMENT LANDSCAPE Marianne Crowe Federal Reserve Bank of Boston NEACH September 10, 2014 Disclaimer: The views expressed in this presentation are those of the presenter and do not necessarily

More information

Gr. 6-12 English Language arts Standards, Literacy in History/Social Studies and Technical Studies

Gr. 6-12 English Language arts Standards, Literacy in History/Social Studies and Technical Studies Focus on Finance Lesson Description Concepts Objectives Students are introduced to the importance of financial services through the Banking for Safety online video. They read information about services

More information

Purchase Rewards Member FAQs

Purchase Rewards Member FAQs Purchase Rewards Member FAQs What is the Purchase Rewards program? The Purchase Rewards program lets you earn rewards by using your Connex Debit Card to purchase merchandise and services. The program PURCHASE

More information

2011 FDIC National Survey of Unbanked and Underbanked Households

2011 FDIC National Survey of Unbanked and Underbanked Households 2011 FDIC National Survey of Unbanked and Underbanked Households Federal Deposit Insurance Corporation September 2012 Members of the FDIC Unbanked/Underbanked Survey Study Group Division of Depositor and

More information

Bank Easy Card. Benefits. Adding Funds

Bank Easy Card. Benefits. Adding Funds Bank Easy Card Enjoy the unrivaled purchasing power of MasterCard with a prepaid, reloadable CharterBank Bank Easy Card. It's the smart way to manage and protect your money. Apply in minutes no minimum

More information

Credit: Back to Basics Goldman Sachs Investor Conference New York City

Credit: Back to Basics Goldman Sachs Investor Conference New York City Tim Murphy Group Executive, Core Products December 8, 2009 Credit: Back to Basics Goldman Sachs Investor Conference New York City The reports of my death have been greatly exaggerated. Mark Twain December

More information

2013 FDIC National Survey of Unbanked and Underbanked Households

2013 FDIC National Survey of Unbanked and Underbanked Households 2013 FDIC National Survey of Unbanked and Underbanked Appendices Federal Deposit Insurance Corporation October 2014 Members of the FDIC Unbanked/Underbanked Survey Study Group Authors: Susan Burhouse,

More information

WELCOME TO FNBC BANK AND TRUST VIII. I. Introduction

WELCOME TO FNBC BANK AND TRUST VIII. I. Introduction WELCOME TO FNBC BANK AND TRUST Table of Contents I. Introduction........ 1 II. General Information....2..2 III. Deposit Account Information.....3.3 IV. Loan Information....... 4 V. Debit, Credit, ATM and

More information

GROWING BUSINESS BY CLOSING THE PAYROLL CARD EDUCATION GAP

GROWING BUSINESS BY CLOSING THE PAYROLL CARD EDUCATION GAP GROWING BUSINESS BY CLOSING THE PAYROLL CARD EDUCATION GAP Executive Highlights MasterCard research shows that employers today have misconceptions about payroll card programs and do not understand how

More information

Repackaging Non- Interest Bearing Savings and Checking Products

Repackaging Non- Interest Bearing Savings and Checking Products Repackaging Non- Interest Bearing Savings and Checking Products 8/26/2013 Anna Peña Coopera Client Relations Manager Preview Steps to repackage a SAFE Account/ Checking account Best practice samples Coopera/

More information

PRICING GUIDE 2015. PureSave, PlusPlan and MarketLink accounts. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. PureSave, PlusPlan and MarketLink accounts. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 PureSave, PlusPlan and MarketLink accounts Still bringing you real banking value Moving Forward TM Fees for 2015 To get maximum value for money when using your account, it is important

More information

Cash Passport Prepaid Travel Money Card Fees and Limits

Cash Passport Prepaid Travel Money Card Fees and Limits As a prepaid currency card. Cash Passport is all about putting you in control of your holiday money and making it easier to budget for your trip away. All charges are clear upfront so you ll know exactly

More information

PRICING GUIDE 2015. Home Loans. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. Home Loans. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 Home Loans Still bringing you real banking value Moving Forward TM Initiation fees 1 Natural persons Juristic entities 2 R5 700,00 R10 900,00 Monthly service fee (Including Safe Custody

More information

Retail Payment Trends

Retail Payment Trends SEP. 25, 2014 Retail Payment Trends in the Past Ten Years Summary of payment trends from three recent studies conducted by the Federal Reserve: The 2013 Federal Reserve Payments Study Board of Governors

More information

Appendix. Data Tables

Appendix. Data Tables Appendix Data Tables Index of Tables Part 1: In-Store Payment Preferences...167 1.1 What payment products do you have?...167 1.2 How often do you use the following payment methods for purchases in stores?...167

More information

USPS Money Transfer Services for the Unbanked. March, 2011 Joy Leong Consulting, LLC

USPS Money Transfer Services for the Unbanked. March, 2011 Joy Leong Consulting, LLC USPS Money Transfer Services for the Unbanked March, 2011 Joy Leong Consulting, LLC 1 Overview Government concern for the needs of the unbanked Social Benefit provided by existing USPS products Description

More information

MULTI CHANNEL CUSTOMERS EXPERIENCE IN RETAIL BANKING. Presented by: Kalidas Ghose, Director of Retail Banking Division, VP Bank

MULTI CHANNEL CUSTOMERS EXPERIENCE IN RETAIL BANKING. Presented by: Kalidas Ghose, Director of Retail Banking Division, VP Bank MULTI CHANNEL CUSTOMERS EXPERIENCE IN RETAIL BANKING Presented by: Kalidas Ghose, Director of Retail Banking Division, VP Bank Customers are not loyal to the brand They are loyal to the service 2 Factors

More information

PRICING GUIDE 2015. AccessBanking Fee sheet. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. AccessBanking Fee sheet. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 AccessBanking Fee sheet Still bringing you real banking value Moving Forward TM AccessBanking Fee Sheet 2015 AccessAccount AccessAccount is a simple and affordable transactional account

More information

FINANCIAL EDUCATION AND CAPABILITY MEASUREMENT TOOLS - ADULT

FINANCIAL EDUCATION AND CAPABILITY MEASUREMENT TOOLS - ADULT FINANCIAL EDUCATION AND CAPABILITY MEASUREMENT TOOLS - ADULT The Success Measures Financial Education and Capability Tools document changes in consumers financial attitudes,behaviors, and resilience resulting

More information

CUSTOMER GUIDE WELCOME ARTHUR STATE BANK CUSTOMERS. Trust. Integrity. Since 1922. NMLS #463813

CUSTOMER GUIDE WELCOME ARTHUR STATE BANK CUSTOMERS. Trust. Integrity. Since 1922. NMLS #463813 CUSTOMER GUIDE WELCOME ARTHUR STATE BANK CUSTOMERS Trust. Integrity. Since 1922. NMLS #463813 Table of Contents Transition Overview... 2 Service Interruptions over the Transition Weekend... 2 Debit Cards....2

More information

Tapping the Markets of Un/derbanked Women and Youth: Diamond Bank, Nigeria. August 14, 2013 Durban, South Africa

Tapping the Markets of Un/derbanked Women and Youth: Diamond Bank, Nigeria. August 14, 2013 Durban, South Africa Tapping the Markets of Un/derbanked Women and Youth: Diamond Bank, Nigeria August 14, 2013 Durban, South Africa Women s World Banking s Global Footprint + 30 years being the largest network in microfinance

More information

ReWARD Checking Frequently Asked Questions

ReWARD Checking Frequently Asked Questions ReWARD Checking Frequently Asked Questions Rewards and Qualifications What are the rewards for ReWARD Checking? Earn 1.50 % APY on balances up to $25,000. Earn 0.55% APY on any amount in excess of $25,000.

More information

Undermining Economic Security

Undermining Economic Security Undermining Economic Security Use of Alternative Financial Services in Virginia By Rebecca M. Tippett June 2011 In communities and households across Virginia, families are using multiple strategies to

More information

PRICING GUIDE 2015. Elite Banking. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. Elite Banking. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 Elite Banking Still bringing you real banking value Moving Forward TM Elite Banking gives you value for money Elite Banking is specially designed to keep up with your lifestyle and growing

More information

PRICING GUIDE 2015. Prestige Banking. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. Prestige Banking. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 Prestige Banking Still bringing you real banking value Moving Forward TM Prestige Banking is a banking solution for people that are serious about success Prestige Banking comprises of

More information

Section XIV PREPAID CARDS AND ELECTRONIC FUNDS TRANSFER

Section XIV PREPAID CARDS AND ELECTRONIC FUNDS TRANSFER Section XIV PREPAID CARDS AND ELECTRONIC FUNDS TRANSFER Funds Disbursement by State Government One of the primary functions of many government agencies is disbursement of funds to its customers or clients.

More information

Mobile Commerce Opportunity for Mobile Network Operators. Opportunity Overview, Case Studies and Solutions

Mobile Commerce Opportunity for Mobile Network Operators. Opportunity Overview, Case Studies and Solutions Mobile Commerce Opportunity for Mobile Network Operators Opportunity Overview, Case Studies and Solutions Agenda Industry and Market Trends SAP s Mobile Commerce Solutions What are SAP Customers Doing

More information

Consumers and Mobile Financial Services 2016

Consumers and Mobile Financial Services 2016 Consumers and Mobile Financial Services 2016 March 2016 B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S Y S T E M Consumers and Mobile Financial Services 2016 March 2016 B O A

More information

Part 2 Test Questions

Part 2 Test Questions Module 1 1. To reach a financial goal you should a. Spend less than you make so you can save money to reach the goal. b. Borrow from family or friends. c. Depend on luck, like winning the lottery. d. Not

More information

u.s. bank focus card Frequently Asked Questions The Focus Card What is the Focus Card? How does the Focus Card work?

u.s. bank focus card Frequently Asked Questions The Focus Card What is the Focus Card? How does the Focus Card work? Frequently Asked Questions What is the Focus Card? The Focus Card is a reloadable, prepaid debit card issued by U.S. Bank. It provides an electronic option for receiving your pay. It is not a credit card,

More information

Consumers and Mobile Financial Services 2013

Consumers and Mobile Financial Services 2013 Consumers and Mobile Financial Services 2013 March 2013 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Consumers and Mobile Financial Services 2013 March 2013 BOARD OF GOVERNORS OF THE FEDERAL RESERVE

More information

> > A global banking presence, dedicated to providing truly personal service to clients big and small

> > A global banking presence, dedicated to providing truly personal service to clients big and small Metropolitan National Bank is a chartered national bank and a member of the FDIC. We are an equal opportunity lender and have developed prudent lending standards that can be applied in an innovative and

More information

The Goods, the Payment and the Mobile!

The Goods, the Payment and the Mobile! WHITEPAPER The Goods, the Payment and the Mobile! This whitepaper is an extract from: Mobile Payments for Digital & Physical Goods Analysis, Markets & Vendor Strategies 2011-2015... information you can

More information

BENEFITS QUALIFICATION CYCLE REQUIREMENTS

BENEFITS QUALIFICATION CYCLE REQUIREMENTS BENEFITS What are the benefits of MidWest Reward Checking? Earn 1.51% APY (Annual Percentage Yield) on balances through $10,000 Earn 0.26% APY on any amount in excess of $10,000 ATM fees refunded up to

More information

How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? Are They Being Used as Substitutes for Checking Accounts?

How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? Are They Being Used as Substitutes for Checking Accounts? No. 15 3 How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? Are They Being Used as Substitutes for Checking Accounts? Claire Greene and Oz Shy Abstract: Owners of general purpose reloadable

More information

Use of Financial Services by the Unbanked and Underbanked and the Potential for Mobile Financial Services Adoption

Use of Financial Services by the Unbanked and Underbanked and the Potential for Mobile Financial Services Adoption September 2012 Vol. 98, No. 4 Use of Financial Services by the Unbanked and Underbanked and the Potential for Mobile Financial Services Adoption Matthew B. Gross, Jeanne M. Hogarth, and Maximilian D. Schmeiser,

More information

easy electronic access to your money SuMMERLAND

easy electronic access to your money SuMMERLAND eaccess easy electronic access to your money SuMMERLAND eaccess The safe and flexible way to access your money and financial information, whether you re shopping, on holiday, at home or on the go. eaccess

More information

RE: Comments on Financial Access Activities, 76 FR 56499

RE: Comments on Financial Access Activities, 76 FR 56499 November 14, 2011 Louisa Quittman Office of Financial Education and Financial Access U.S. Department of the Treasury 1500 Pennsylvania Ave., N.W. Washington, D.C. 20220 ofe@treasury.gov RE: Comments on

More information

Vishwa Yatra Foreign Travel Card (VYFTC)

Vishwa Yatra Foreign Travel Card (VYFTC) Vishwa Yatra Foreign Travel Card (VYFTC) Eligibility Features The card can be issued to: any bonafide citizen of India who plans to travel abroad except Nepal and Bhutan. Corporates for their employees

More information

Mobile Banking & Payments Forum. What s taking place in New England

Mobile Banking & Payments Forum. What s taking place in New England Mobile Banking & Payments Forum What s taking place in New England September 10, 2014 Today s Agenda 9:30 10:00 The Mobile Landscape Marianne Crowe, Federal Reserve Bank of Boston 10:00 10:15 The 2014

More information

PRICING GUIDE 2016. Home Loans

PRICING GUIDE 2016. Home Loans PRICING GUIDE 2016 Home Loans Initiation fees 1 Natural persons Juristic entities 2 R5 985,00 R11 500,00 Monthly service fee (Including Safe Custody accounts) Usury accounts 3 Pre-NCA accounts 4 Pre-NCA

More information

Tax Time Account Direct Mail Pilot Evaluation

Tax Time Account Direct Mail Pilot Evaluation Tax Time Account Direct Mail Pilot Evaluation Tax Time Account Direct Mail Pilot Evaluation This document is based on a report authored by Caroline Ratcliffe and Signe-Mary McKernan of the Urban Institute.

More information

Mobile Banking and Mobile Payment Practices of U.S. Financial Institutions: Results from 2014 Survey of FIs in Five Federal Reserve Districts

Mobile Banking and Mobile Payment Practices of U.S. Financial Institutions: Results from 2014 Survey of FIs in Five Federal Reserve Districts Mobile Banking and Mobile Payment Practices of U.S. Financial Institutions: Results from 2014 Survey of FIs in Five Federal Reserve Districts Marianne Crowe and Elisa Tavilla Federal Reserve Bank of Boston

More information

39% 19% 45% 68% 50% 28% PROFILE. Assets & opportunity ProfILe: DALLAs. Key highlights. AboUt the ProfILe ASSETS & OPPORTUNITY

39% 19% 45% 68% 50% 28% PROFILE. Assets & opportunity ProfILe: DALLAs. Key highlights. AboUt the ProfILe ASSETS & OPPORTUNITY Assets & opportunity ProfILe: DALLAs ASSETS & OPPORTUNITY PROFILE Key highlights 39% of households in the City of Dallas live in asset poverty Cities have long been thought of as places of opportunity

More information

PRICING GUIDE 2016 PROFESSIONAL BANKING. AlwaysOn wifi Private. Email

PRICING GUIDE 2016 PROFESSIONAL BANKING. AlwaysOn wifi Private. Email PRICING GUIDE 2016 PROFESSIONAL BANKING Google HangOuts WeChat Email AlwaysOn wifi Private VIRTUAL TEAM Professional Banking Fees for 2016 Standard Bank Professional Banking matches your needs as a successful

More information

Banking Fees in Australia

Banking Fees in Australia Banking Fees in Australia Kelsey Wilkins* The Reserve Bank has conducted a survey on bank fees each year since 1997. The results of the most recent survey suggest that banks fee income from both households

More information

PRICING GUIDE 2015. (sum) 1 and Student Achiever accounts. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. (sum) 1 and Student Achiever accounts. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 (sum) 1 and Student Achiever accounts Still bringing you real banking value Moving Forward TM (sum) 1 fees for 2015 We realise that while you are at school your cash is a bit limited.

More information

Business Account Conversion Charts

Business Account Conversion Charts Business Account Conversion Charts 23 SIMPLE BUSINESS CHECKING $9 monthly maintenance fee 9 Relationship Rewards 2 If your balance does not fall below $400 and you choose three additional relationship

More information

Interbank Mobile Payment Service (IMPS) Merchant Payments User Group Meeting

Interbank Mobile Payment Service (IMPS) Merchant Payments User Group Meeting Interbank Mobile Payment Service (IMPS) Merchant Payments User Group Meeting Current merchant payments scenario Remote payments E-commerce Face-to-face payments Fixed POS E-commerce statistics Growth of

More information

PRICING GUIDE 2016. PureSave, PlusPlan and MarketLink accounts

PRICING GUIDE 2016. PureSave, PlusPlan and MarketLink accounts PRICING GUIDE 2016 PureSave, PlusPlan and MarketLink accounts Fees for 2016 To get maximum value for money when using your account, it is important that you understand how fees are charged. By choosing

More information

Banking and Alternatives

Banking and Alternatives making ends meet... and more! Banking and Alternatives Before You Begin For women in North America, relationships with service providers are as important as the product in predicting what choices they

More information

Business Banking Accounts and Products

Business Banking Accounts and Products Banking Accounts and Products BofI Federal Bank Accounts What Fits Your Need? Basic Interest Analyzed Money Market CD CDARS CD Account Description es with moderate account activity with no interest es

More information

Latino Community Credit Union (LCCU , North Carolina

Latino Community Credit Union (LCCU , North Carolina U.S. Department of the Treasury Office of Financial Education Community Financial Access Pilot: Elements of an Effective Banking the Unbanked Strategy Bank and credit union accounts serve three basic functions:

More information

PRICING GUIDE 2015. Credit card. Moving Forward TM. Still bringing you real banking value

PRICING GUIDE 2015. Credit card. Moving Forward TM. Still bringing you real banking value PRICING GUIDE 2015 Credit card Still bringing you real banking value Moving Forward TM Credit card fees Initiation fee R135,00 Monthly service fee AccessCredit R49,00 Accelerate Credit cards R49,00 Kaizer

More information

Choose Alaska USA and save!

Choose Alaska USA and save! Choose Alaska USA and save! Open a new personal checking account with Alaska USA and get your first box of checks FREE. Alaska USA doesn t charge per-check fees regardless of how many you write per month.

More information

NFC technology user guide. Contactless payment by mobile

NFC technology user guide. Contactless payment by mobile Contactless payment by mobile Table of contents 1. What is contactless payment by mobile? 2. What do I need to shop with my mobile phone? 3. How can I manage a Mobile Card? 4. How do I shop with my mobile

More information

What Are Mobile Payments?

What Are Mobile Payments? MOBILE PAYMENTS OVERVIEW CSBS Legal Conference August 25, 2011 Cliff Stanford Alston & Bird, LLP What Are Mobile Payments? Payment transactions between two parties initiated by means of a mobile device

More information

General Purpose Reloadable Prepaid Cards: Penetration, Use, Fees, and Fraud Risks. Fumiko Hayashi and Emily Cuddy February 2014 RWP 14-01

General Purpose Reloadable Prepaid Cards: Penetration, Use, Fees, and Fraud Risks. Fumiko Hayashi and Emily Cuddy February 2014 RWP 14-01 General Purpose Reloadable Prepaid Cards: Penetration, Use, Fees, and Fraud Risks Fumiko Hayashi and Emily Cuddy February 2014 RWP 14-01 General Purpose Reloadable Prepaid Cards: Penetration, Use, Fees

More information

Mobile Banking Marketing Strategy

Mobile Banking Marketing Strategy Mobile Banking Marketing Strategy Presented by January 24, 2012 1 We ll look at Marketplace Analysis & Potential Best Practices Marketing Campaigns Customer Care & Education Killer App What s next? 2 Got

More information

Financial Aid-to-Debit Cards

Financial Aid-to-Debit Cards Financial Aid-to-Debit Cards Proposed Rule Changes March 5, 2014 This document outlines TouchNet s proposal for improving the management and distribution of federal financial aid dollars to students. This

More information

Enhancing Payment Card Security New Measures to be Phased in from 2 nd Quarter 2010 to 1 st Quarter 2011

Enhancing Payment Card Security New Measures to be Phased in from 2 nd Quarter 2010 to 1 st Quarter 2011 Enhancing Payment Card Security New Measures to be Phased in from 2 nd Quarter 2010 to 1 st Quarter 2011 On 5 th March 2010, The Association of Banks in Singapore announced key measures to adopt a holistic

More information

How digitalisation is changing user experience

How digitalisation is changing user experience How digitalisation is changing user experience Harbo Except for the historical information contained herein, statements in this release which contain words or phrases such as will, aim, will likely result,

More information

Is Your Largest Branch Open for Business?

Is Your Largest Branch Open for Business? Is Your Largest Branch Open for Business? estrategy for Today s Financial Institutions Ron Daly President/CEO DigitalMailer, Inc. www.digitalmailer.com What We ll Cover Today What is the world of estrategy

More information

Vantage West Business Banking. We will recommend the best checking account option for your business

Vantage West Business Banking. We will recommend the best checking account option for your business Vantage West Business Banking At Vantage West Credit Union, you can enjoy the difference of banking with a local financial institution that listens to your needs and provides solutions to help you run

More information

If yes, complete the savings plan using the worksheet that follows. To complete this worksheet, you will need to know:

If yes, complete the savings plan using the worksheet that follows. To complete this worksheet, you will need to know: Savings plan This tool can help you make a plan to save money for: Your goals Expenses Unexpected expenses and emergencies There are two steps to making a savings plan. First, answer the set of questions

More information

Re: Expansion Opportunities for NYS Banking Development District ( BDD )Program

Re: Expansion Opportunities for NYS Banking Development District ( BDD )Program Metropolitan National Bank Re: Expansion Opportunities for NYS Banking Development District ( BDD )Program In light of current efforts by New York State s Banking Department to seek input from the financial

More information

Your new checking account

Your new checking account Your new checking account Getting started guide The information in this disclosure may not be entirely accessible to screen readers. Please call the Phone Bank at 1-800-TO-WELLS if you would like to obtain

More information

Recent Developments in Mobile Financial Services Solutions December 12, 2012

Recent Developments in Mobile Financial Services Solutions December 12, 2012 Recent Developments in Mobile Financial Services Solutions December 12, 2012 www.schnader.com 1 Introduction Mobile Financial Services Technology Issues Regulatory Issues www.schnader.com 2 Mobile Financial

More information

Consumer & Business Pricing Addendum

Consumer & Business Pricing Addendum Consumer & Business Pricing Addendum This addendum contains important product and pricing information. Please retain for your records. Effective June 29, 2012 1, 2, 3, 4 Overdraft Item Paid $15.00 or less

More information

Established in 2011, Simpa Networks is a venture-backed technology. Case Study. Simpa Networks Clean energy through mobile payment

Established in 2011, Simpa Networks is a venture-backed technology. Case Study. Simpa Networks Clean energy through mobile payment Simpa Networks Clean energy through mobile payment Date of creation : 2011 Location : Bengalore, India Nb staff : 12 people Households income : $10-$20/day Price of an SHS : ~ $300 Down payment : 10-20

More information

How to Develop a Successful Hispanic Marketing Plan. Miriam De Dios CEO Coopera

How to Develop a Successful Hispanic Marketing Plan. Miriam De Dios CEO Coopera How to Develop a Successful Hispanic Marketing Plan Miriam De Dios CEO Coopera Overview Hispanic Marketing Plan Components Defining your Hispanic Target Market Culturally Relevant Marketing Spanish Translations

More information

3rd Level. Student Plus Account. Ireland s No.1 Student Bank

3rd Level. Student Plus Account. Ireland s No.1 Student Bank 3rd Level Student Plus Account Ireland s No.1 Student Bank Contents 01 Introduction 03 The AIB Student Plus Account 04 Account Stuff 06 Student Leap Card 08 AIB Phone, Internet & Mobile Banking 10 AIB

More information

SERVICE FEE SCHEDULE All fees subject to change.

SERVICE FEE SCHEDULE All fees subject to change. SERVICE FEE SCHEDULE effective November 1, 2015 MEMBERSHIP Establish Justice FCU Membership Share Savings Account, minimum deposit $5.00 CHECKING ACCOUNT Monthly Service Charges Justice National Account,

More information

Getting started with your checking account

Getting started with your checking account Getting started with your checking account Thank you for checking with UICCU Thank you for choosing University of Iowa Community Credit Union for your checking account needs. We would like to take a moment

More information

Unit 3 Banking: Opening an Account

Unit 3 Banking: Opening an Account Unit 3 Banking: Opening an Account Vocabulary a bank (banks) a bank teller (bank tellers) a window (windows) an ATM (ATMs) More Vocabulary: a line, (lines) waiting in line a deposit, (deposits) making

More information

Mobile Banking and Payments Survey of Financial Institutions in the Eleventh District Summary of Results

Mobile Banking and Payments Survey of Financial Institutions in the Eleventh District Summary of Results Mobile Banking and Payments Survey of Financial Institutions in the Eleventh District Summary of Results Federal Reserve Bank of Dallas and SWACHA The Electronic Payments Resource April 2015 The views

More information

In 2007, Visa released a commercial with a line of

In 2007, Visa released a commercial with a line of BY TIM SABLIK In 2007, Visa released a commercial with a line of customers winding smoothly through a crowded café. As beaming workers served drinks and sandwiches to a clockwork beat, each customer stepped

More information

How do you buy SMS Bundles on Cellphone Banking?

How do you buy SMS Bundles on Cellphone Banking? How do you buy SMS Bundles on Cellphone Banking? Dial *120*321# The welcome screen will display and request you to select reply / answer on your Cellphone and key in your 5 digit Mobile PIN Select Prepaid.

More information

10% 21% 37% 24% 71% 10% PROFILE ASSETS & OPPORTUNITY KEY HIGHLIGHTS ABOUT THE PROFILE ASSETS & OPPORTUNITY PROFILE: NEW ORLEANS

10% 21% 37% 24% 71% 10% PROFILE ASSETS & OPPORTUNITY KEY HIGHLIGHTS ABOUT THE PROFILE ASSETS & OPPORTUNITY PROFILE: NEW ORLEANS ASSETS & OPPORTUNITY PROFILE: NEW ORLEANS ASSETS & OPPORTUNITY PROFILE KEY HIGHLIGHTS of New Orleans working households don t have access to a vehicle Cities have long been thought of as places of opportunity

More information

Millennials with Money: A New Look at Who Uses GPR Prepaid Cards

Millennials with Money: A New Look at Who Uses GPR Prepaid Cards Millennials with Money: A New Look at Who Uses GPR Prepaid Cards Susan Herbst-Murphy* Federal Reserve Bank of Philadelphia Greg Weed** Phoenix Marketing International September 2014 Summary: Phoenix Marketing

More information

Introducing the Aline Card by ADP SM

Introducing the Aline Card by ADP SM Introducing the Aline Card by ADP SM The shortest distance between you and a better payday The Aline Card the better way to get your pay and manage your money The Aline Card by ADP SM is a pay card that

More information