October 21 – The financial services industry is increasingly focused on winning millennial customers, but most firms still fail to deliver an experience that will resonate with this generation, according to a study released by Corporate Insight that analyzes the opportunities and challenges that financial services firms face in serving the Millennial generation. Millennials Revisited: Financial Services and the Digital Generation explores how banks, brokerages, credit card issuers, insurers and retirement plan providers are changing aspects of their marketing, products and service models to capitalize on the Millennial opportunity and identifies those firms and tactics that are most effective.
Search Results: Education
August 23 – More than 100 teachers at 80 schools in Indiana, Michigan, Ohio and Kentucky have signed up to offer Teacher Credit Union’s (TCU) Financial Empowerment Program powered by FoolProof, an interactive, online curriculum teaching financial responsibility and the realities of the free enterprise system.
June 29 – In partnership with collaborating organizations, the National Financial Educators Council (NFEC) stands at the forefront of a recent campaign to promote the educational goals behind the acronym FLEC: Financial Literacy, Entrepreneurship, and Career Education. FLEC represents practical learning focused on areas that will directly affect our children’s financial health and well-being.
May 24 – Florida Community Bank has announced a partnership with the Women’s Foundation of Southwest Florida, Inc. and United Way of Collier County, to launch a pilot program designed to empower women in Southwest Florida through education – Becoming Economically Successful Together (B.E.S.T.). The pilot program is funded by a $100,000 federal grant from U.S. Department of Health & Human Services’ Assets for Independence Program. The federal funds will be matched by $100,000 in non-federal funds pledged by donors and corporate underwriters. As part of the Bank’s commitment to this program, FCB has pledged $20,000 in support of the required match.
October 21 – The Consumer Financial Protection Bureau is releasing a tool that educators can use when selecting financial education curriculum for students. The curriculum review tool will help educators identify effective and unbiased material to increase the financial capability of students. By providing relevant evaluation criteria, the tool can help educators judge the value of financial education material for their students. (more…)
September 18 – Fiserv, Inc., a leading global provider of financial services technology solutions, has developed a robust EMV Education and Marketing Program to prepare financial institutions as well as aid in cardholder awareness and comfort with a new payment experience.
August 21 – The Payments Security Task Force and the EMV Migration Forum has announced the launch of the industry-wide CHIP IN Education Initiative.
“After only one successful transaction, consumers understand how to use their new chip cards. We want to make their first impression with chip technology a positive one, and make paying with chip the ‘new normal’ this year,” said Randy Vanderhoof, director of the EMV Migration Forum. “To meet this goal, the EMV Migration Forum and the Payments Security Task Force are asking the industry to expand education efforts by participating in the new CHIP IN Education Initiative.”
GoChipCard.com is a comprehensive site providing instructions for successful chip card transactions along with information about what chip cards are, the security they deliver and reference materials for consumers, issuers and merchants.
What Is the CHIP IN Education Initiative?
The same cross-industry organizations that delivered the GoChipCard.com educational website are now asking industry stakeholders to chip in and help expand efforts to educate consumers and small businesses about the new cards appearing in their wallets and their stores.
How Can Industry Participants Help?
The initiative provides issuers, merchants, acquirers and others with educational messages and materials that can be shared through social media and other channels.
For those that sign up to join the initiative, participants will receive a weekly email which includes:
Pre-drafted social media posts and hashtags
Free educational downloads including useful visual aids, training guides, FAQs, infographics and more
Ways to use resources to maximize educational value
Media interview tips
Methods to encourage visits to GoChipCard.com
“Awareness and these resources help make that first chip card transaction a positive experience, whether you’re shopping or helping your customer,” said Carolyn Balfany, senior vice president, MasterCard. “This is the latest in a series of steps that we’re taking to help all U.S. customers and cardholders to understand the many benefits of the upgrade to chip.”
“The CHIP IN Education Initiative is another tool we can use to support the transition to chip technology in the U.S. All of those in the payments ecosystem have demonstrated a shared commitment to easing the transition to chip technology, and, through continued collaboration on initiatives like CHIP IN, we can help educate consumers and small businesses as to how chip technology can help reduce fraud and increase payment security,” said Stephanie Ericksen, vice president of Risk Products at Visa, Inc.
Join the CHIP IN Education Initiative here: www.emv-connection.com/chip-in.
The first weekly email will be sent during the week of August 24th, so industry participants are encouraged to join before then.
“We look forward to seeing everyone chip in to make the U.S. EMV chip migration a success,” added Vanderhoof.
August 19 – The Payments Security Task Force and the EMV Migration Forum have announced the launch of the industry-wide CHIP IN Education Initiative.
It is no secret that technology is changing the way people manage their money — and that banks are at the forefront of this trend. Tools such as online banking and mobile deposit are making it easier than ever for clients to track their spending and stay in financial control, whether from the convenience of their home or anywhere with mobile service. However, a lesser-known consequence of this move toward technology for day-to-day banking needs is how it is reshaping interactions in bank branches.
September 29 -Uplift Education, North Texas’ largest public charter school network, has closed a $10 million loan agreement with Dallas-based NexBank to support school expansion in the Dallas area.