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Come On, Get Happy
By Michael Scheibach, Executive Editor, BankNews
|  During the depths of the Great Depression, watching a Busby Berkeley musical provided a brief respite from economic woes. Movies such as Flying High, Whoopee and Strike Up the Band renewed one's spirit and confidence that good times would soon return. Unfortunately, good times did not return until 9,000 banks had failed. Today, the country is mired in a lingering recession; and, once again, banks are failing. Through it all, however, small and mid-tier financial institutions remain cautiously optimistic. Read more>> |
Eastern Bank Offers Full-Service Mobile Solution to Its On-The-Go Customers
| Eastern Bank, the largest independent, mutually owned bank in New England with $8 billion in assets, has implemented WAUSAU Financial Systems' mobile remote deposit capture (RDC) solution from its Deposit 24/7 Suite. The new "Mobile Deposit" feature allows customers to remotely deposit a paper check using an iPhone or Android smartphone. Read more>>
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NCR Remote Deposit Capture Solution Selected by SunTrust to Enable Customers to Make Deposits Anywhere
| NCR Corp. has announced that it has built on its relationship with SunTrust Banks, Inc., deploying NCR APTRA Passport to roll out remote deposit services using multiple channels. With APTRA Passport, SunTrust can deliver a consistent cross-channel remote deposit capture experience and more convenience to commercial and retail customers. Read more>>
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Blackhawk Network to Offer Gift Cards Through mFoundry's New Mobile Banking Platform
| Banks and credit unions now have an opportunity to generate a new source of top-line revenue by offering gift cards to their mobile banking customers through a relationship between Blackhawk Network and mFoundry. Read more>>
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Public Assistance Payments Distributed Electronically
| With the change to electronic payments to Nebraskans receiving public assistance funds, clients are realizing a number of benefits, according to Thomas Pristow, director of Children and Family Services in the Department of Health and Human Services. Beginning in April, clients received monthly notifications to select an electronic payment method by July 6, he said. They could choose to either have payments deposited in their bank account or on a U.S. Bank ReliaCard. Electronic payments began July 9. Read more>>
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ABA Survey: Popularity of Mobile Banking Jumps
| A new survey by the American Bankers Association shows a sharp increase in the popularity of mobile banking, driven mainly by customers in the 18 to 34-year-old age group. The survey of 1,000 U.S. adults, conducted Aug. 2-6, 2012, by Ipsos Public Affairs, an independent market research firm, revealed that while the Internet remains the most popular banking method, mobile banking is now preferred by 6 percent of customers, a 100 percent increase from 2010, and by 15 percent of 18-34 year olds, also known as "millennials." Read more>>
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Financial Apps Among Most Used, Study Shows
| According to a new study commissioned by Virtual Hold Technology, a leader in conversation strategies that bridge the self-service gap between customers and the people who can help, 50.7 percent of smartphone users say they have downloaded and used financial apps. Read more>>
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