Developing a Digital Strategy – Building a Customer Centric Bank
Have you developed a full digital strategy for your Bank? Does this plan give you the platform you need to deliver to your customers the digital experience they are demanding? Did you include all the digital products beyond digital On-Line Banking - Products like...
Planning for EMV migration Heats Up
ALmost all Debit Card Processors are now in full implementation mode for issuing EMV Cards instead of Mag Stripe Cards. Most processors are now signing up their customers for a reissue event. Most Issuers, Acquirers, Processors are finalizing plans to meet the date...
The EFT Market Continues to Face Clouds of Uncertainty
Challenge to the Existing Durbin Regulations of the Federal Reserve In 2014, there are numerous clouds of uncertainty hanging over the EFT World. Since July’s court ruling by the Washington, DC District Court on the Durbin regulations of the Federal Reserve, there...
The Future of EFT for Community Banks
We have all been asking questions about EFT within the community bank market since October 1, 2011, when the final rule implementing Section 1075 of Dodd-Frank (the “Durbin Amendment”) took effect. On May 1, 2012, the Federal Reserve released perhaps the first...
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L. Michael Wofford, Consultants and Advisors stays up-to-date by moving within the banking world on a daily basis. We are in touch with many of the most influential people in the business, by following blogs and cultivating personal relationships with them. We also...
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