BankNews Feb. 2015

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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.

ATMIA Collecting Stories for ‘Cash Always Works’ Video

October 27 – ATMIA has launched a campaign to attract real-life stories from its members of situations when they needed cash, as part of its planning for production of a new video about the role of cash in the world.

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Grants from First Community Bank and Federal Home Loan Bank of Dallas Help Two Community Projects Move Forward

October 20 – Main Street Batesville Inc. and Habitat for Humanity of Independence County (HFHIC) are one step closer to seeing their respective projects come to fruition thanks in part to generous grants from First Community Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). A check presentation was held recently at First Community Bank’s Harrison Street location. 

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Banking and Payment Vertical Continues to Offer Strong Opportunities for Smart Cards

September 18 – The global smart card market will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. In 2015, multiple financial institutions in the US are expected to make their payment cards EMV-compliant. Countries in the Middle East, Africa and Asia-Pacific will follow suit.

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Fiserv Redesigns Corillian Online Banking to Deliver a Simplified, Tablet-Inspired User Experience

September 11 – Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that Corillian Online(R) ASP, an online banking solution ideal for small to mid-sized institutions, has been redesigned with a simplified, tablet-inspired user interface. In recognition of the growing number of consumers who are banking from smartphones and tablets, the new user interface is designed to resonate across multiple digital channels. Simple navigation and large touchable objects, controls and typography are highly visible and designed for access through touch interfaces.

The redesign of Corillian Online ASP incorporates many of the same elements included in the previously redesigned licensed version of Corillian Online(R). In addition to the tablet-influenced updates, user-centered design elements include:

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Fiserv Redesigns Corillian Online Banking to Deliver a Simplified, Tablet-Inspired User Experience

September 3 – Fiserv, a leading global provider of financial services technology solutions, has announced that Corillian Online ASP, an online banking solution ideal for small to mid-sized institutions, has been redesigned with a simplified, tablet-inspired user interface. In recognition of the growing number of consumers who are banking from smartphones and tablets, the new user interface is designed to resonate across multiple digital channels. Simple navigation and large touchable objects, controls and typography are highly visible and designed for access through touch interfaces.

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OT’s Cosmo RSA v5, the First Durbin-Compliant Debit Card Certified by MasterCard for the U.S. EMV Migration

July 22 – Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, has announced that it has developed the first debit card certified by MasterCard that meets the Durbin Amendment guidelines. These guidelines require issuers to identify two unaffiliated debit networks, for each debit or prepaid card they issue.

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Paradigm: Adverse Conditions Continue for New York State, National Ccommunity Banks

Jan 3 – Financial results for the national universe and the 134 New York State community banks with assets of $5 billion or less reviewed for the quarter ending September 2013 compared to the year-ago September 2012 quarter demonstrate the continuing adverse conditions facing community banks as well as the consequences of the changing economic and regulatory environment for community banks.

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Fed Appoints Chairs, Deputy Chairs of the Federal Reserve Banks for 2014

Dec 16 – The Federal Reserve Board has designated the chairs and deputy chairs of the 12 Federal Reserve Banks for 2014. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as chair and a second as deputy chair.

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