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Posts tagged with "Checks"

06/04/2018

The Future of the Branch: They Still Play a Vital Role in Your CX

If you spend time reading trade publications like I do, you’ll see a lot of articles declaring the death of things … direct mail, community banking, debit rewards, and even checks (how dare they!) One that I see quite frequently though is the death of the bank branch. I think this declaration is a little…

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10/13/2017

What’s Next for Checks? A New Deluxe Webinar Offers Data-Driven Answers

It’s no secret that paper check volumes have been in steady decline in the US for the past two decades. Some have openly wondered whether remaining volumes will “fall off a cliff” sometime soon. Predictions of the death of the check are nothing new- in the early 2000s I worked for an electronic commerce company…

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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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11/07/2016

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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02/18/2016

Tips to Optimize Your Consumer and Business Check Programs

What tricks is your financial institution using to optimize the profitability of its consumer and business check programs? If you’re smart, you’re building online capabilities into account offerings, allowing customers to pay bills, deposit and transfer funds, and monitor balances all without ever having to touch a single piece of paper. Online banking is dominating…

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11/17/2015

Talks with a Millennial: Why Do We Need Checks?

The majority of Millennials predict that within the next five years, the way they pay for things and access their money will change completely, and a new offering from a payments sector disruptor (such as Google, Amazon, PayPal or Apple) would be far more exciting to them than anything their banks have to offer. Those…

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11/12/2015

How To Write Checks: Searches and Studies Surround This Form of Payment

For a form of payment that some consider to be on its last legs, checks have certainly received their share of press attention recently. A newly-minted study by Blackhawk Network (which earlier this year became a standalone public company following a spin-off from grocery giant Safeway) applied quantitative survey methodology to create a snapshot of…

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