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Intermountain Community Bancorp Elects Ford Elsaesser Chairman

March 5 – Intermountain Community Bancorp (Nasdaq:IMCB) and its banking division, Panhandle State Bank, have announced the election of Ford Elsaesser to the position of chairman of the board of directors effective immediately following the 2013 Annual Shareholders Meeting on April 24, 2013. Elsaesser succeeds Jack Parker, who has served as the institution’s chairman since 1995. Parker will continue to hold a director’s seat on the board.

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Sour notes for maestro; Praise for former Fed chief Alan Greenspan has been muted by critics who blame him for current troubles.

ATM Operators Have EMV Functionality Turned Off

March 29 – -ATM Industry Association (ATMIA) has released the results of its 2016 ATM Channel EMV Readiness Survey; the third in a series, originally launched to gauge the industry’s preparedness for the April, 2013 Maestro liability shift. Just 14 months ago, only 12% of survey respondents expected to end 2015 without any ATMs accepting EMV transactions. Those expectations were missed by a wide margin, with the actual number ending up at 48% – nearly half of all ATM operators.

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Economic Forecast 2016: The Tortoise or the Hare?

By KC Mathews

We all know of Aesop’s fable, “The Tortoise and the Hare” — a story of two unequal opponents who agree to a race. The outcome appears to be obvious, but in a surprising twist, the ever-so-diligent tortoise perseveres and wins the race. The moral of the story is slow and steady wins the race.

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A Small Bank With Big Mobile Goals

By Clint Bryant

In today’s rapidly expanding digital ecosystem, consumers’ mindsets are shifting to a “need access now” philosophy, even when it comes to banking. Waynesboro, Tenn.-based Wayne County Bank was determined to adopt a mobile application to meet this demand for instant access and demonstrate that, even as a smaller institution in a rural community, it could bring its customer base the same, advanced technology as the megabanks. The bank’s goal was to leverage the mobile channel to offer optimal convenience to its customers while simultaneously proving its ability to keep up with technology.

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Seven User Experience Principles to Make your Commercial Channel More Engaging

By Erin Oswalt

Customer experience in commercial cash management is all the rage. According to a recent study from Aite Research Group, 72% of the top 50 banks in the U.S. are planning to invest in 2016 to improve the online customer experience.  So to get the most value for this investment, what are the key things banks should accomplish?

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Finance and Insurance Customer Satisfaction Slides as Cost Cutting, Fees and Premiums Pinch Customers

November 30 – According to new data from the American Customer Satisfaction Index (ACSI), customer satisfaction with the finance and insurance sector continues its slide. The sector, which includes banks, credit unions, life insurance, health insurance and Internet investment services, falls 0.4 percent to 74.8 on ACSI’s 100-point scale, its lowest score in a decade. (more…)

DIY Banking: Can Community Banks Deliver?

By John Levy

A bank’s success is determined in large part by delivering stellar customer service. Today’s irony is that, to deliver great service, banks must allow consumers to manage their transactions independently. Consumers want convenient, self-service options. This movement is growing, and so is banks’ understanding of the widespread benefits gained by permitting customers to conduct business independently. For this reason, self-service has become a major banking buzz word; however, its meaning might be considerably different depending on who you ask. Now is the time for banks to evaluate the way they approach self-service and deliver these highly sought after on-demand capabilities to meet evolving consumer demands. Modern banking alternatives enhance the consumer experience and also level the playing field with the nation’s biggest institutions. (more…)

A Retail Twist on Bank Design

By Katie Farchmin

In today’s world of ever-changing technology, banking has evolved to include exciting new mobile and online technologies. Many bank transactions occur without the customer ever stepping foot into a physical branch. However, when customers do visit their local branch, it’s for a specific reason and they want a great experience. Banks are turning to design-build professionals to guide them in the design of their new main office or branch facilities and remodels. These professionals consider the bank’s business model, philosophies and desired brand experience, translating them into functional spaces that are not only unique and attractive, but more importantly, are based on the bank’s relationship style and purpose.

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TD Bank and MasterCard Partner to Drive Innovative Payment Solutions

July 31 – TD Bank has announced an agreement with global payments technology company MasterCard to route debit and prepaid card transactions over MasterCard’s Maestro network. Through the agreement, MasterCard will process TD Bank’s debit card and prepaid card PIN transactions. This initiative extends MasterCard’s worldwide presence and breadth of services to TD Bank customers including tokenized transactions, leveraging technology that provides a higher level of security for customer debit and prepaid cards.

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