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Posts in category "Payments"

01/19/2017

The Paper Check Lives: Why the Check Decline Slowed in 2016

You might not yet have seen the results of the new Federal Reserve Payments Study; after all, the summary was released just before the long Christmas holiday. But when you do, one thing that will stand out is the tremendous good fortune of the check – which had been on a collision course with irrelevance…

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11/28/2016

Cyber Week Offer & 5 Reasons Why You Can’t Miss Deluxe Exchange 2017

If you’re like most financial institution marketers, the first quarter of your year is consumed by the drive to build momentum, implement new initiatives and ensure existing programs are rolling along — all while continuing to prove your team’s effectiveness to C-suite decision-makers. Even if it’s being held in a warm location when you’re buried…

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11/07/2016

Shades of Gray: Brazil’s Odd Check Clearing Rule

Brazil’s banking industry association, FEBRABAN, caused a minor uproar earlier this year when it made the .PNG file its official legal format for scanned check images. While the move got little attention outside of its narrow industry niche, it had many banks complaining about operations nightmares and clamoring to get the decision reversed. Why was…

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06/16/2016

Online Check Ordering: Where Consumers and FIs Find Common Ground

No matter how much they need each other — and they do — financial institutions and their account holders aren’t always on the same page. When it comes to buying products and services, today’s consumer is looking for a seamless experience and more and more often, an online experience. Unfortunately, when it comes to check…

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06/09/2016

It’s All About the Blockchain (er, Distributed Ledger)

It’s not about Bitcoin. There may eventually be a commercially viable- albeit still niche- role for cryptocurrency. It probably won’t be filled by Bitcoin, though, which is unlikely to sufficiently erase its tainted image. But that’s a red herring- the virtual currency opportunity is not the impetus for the billions of investment dollars announced and…

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05/05/2016

The Practical Futurist (no, that’s not an oxymoron…)

I’ll admit I entered Sheryl Connelly’s keynote session at the NACHA Payments conference with a healthy dose of skepticism. I’m usually underwhelmed by futurists- I generally find them to be skilled public speakers espousing notions too high level for practical application. Connelly is a refreshing exception. As Chief Futurist (they employ more than one?) for…

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04/07/2016

UL, Corporate Transformation and the Continuing EMV Saga

Consumers of a certain age can vividly recall the black & white Underwriters Laboratories tag affixed to power cords of every household electrical appliance. Through the magic of LinkedIn I recently connected with representatives of UL (now the firm’s legal name) and discovered an organization that’s found fascinating ways to evolve with the times, including…

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