Is Your Bank Ready for Hurricane Season?

NOAA records for the period 1851 to 2010 indicate that Florida is the state most frequently struck by hurricanes. As we approach the beginning of the 2013 Atlantic Hurricane season, it is imperative that you have an up-to-date hurricane emergency action plan in place to safeguard your facilities and business operations.

Since banks are keystones of community commerce, adequate preparation in advance of a hurricane is vital to assuring a prompt recovery and restoration of local customer service after the storm passes.

One of the most important elements of a successful hurricane emergency action plan is the development and implementation of a formal business continuity plan. To learn more about what BancServ Endorsed Partner Zurich recommends your bank do beginning 48 hours before the storm hits and what to do immediately following, please click HERE.

Verafin Offering Significant Discounts for FBA Members

Cyber criminals are more organized, sophisticated, and malicious than ever before. The cost of online fraud to your institution and to your customers is enormous, making it more important than ever to proactively fight back against online criminals, before the damage spreads.

Verafin, Florida Bankers Association’s endorsed fraud detection and BSA/AML compliance solution provider, offers the industry’s most powerful online fraud detection analytics as part of its FRAML (FRaud detection + AML) software solution. From the detection of out-of-the-ordinary customer behavior to real time suspicious online transaction activity alerts that help you prevent fraud loss, with Verafin you stay a step ahead of cyber criminals.

From now until the end of August, FBA members who purchase Verafin’s FRAML or Fraud solution have the chance to save on the first year’s subscription price:

– Save 25%, if you purchase before June 28th

– Save 15%, if you purchase after June 28th but before July 31st

– Save 10%, if you purchase after July 31st but before August 30th

This is your chance to get the power of North America’s leading fraud detection and BSA/AML compliance solution at significant savings!

Call 1-866-781-8433 or email framl@verafin.com to start the discussion about how Verafin can help your institution prevent fraud losses and improve your BSA/AML compliance processes

April is Financial Literacy Month — Perfect Time to Partner With EverFi

How is your bank leveraging Financial Literacy Month to highlight the work you’re doing in the local community? EverFi, Inc., the nation’s leading education technology company, is embarking on a bus tour across the nation, recognizing banks from coast to coast for their commitment to innovative financial literacy education.

The tour features media events in local schools and visits from governors, senators, and other policy leaders, all designed to help banks garner positive media attention for the work they are doing in local communities to educate students at scale.

VIEW SAMPLE NEWS COVERAGE – FIRST UNITED BANK (video)

Banks who sign on to utilize the EverFi™ Financial Literacy platform by April 30 will be included in this national marketing campaign and will receive a full media kit to help you maximize buzz in YOUR local community.

About EverFi™ Financial Literacy

EverFi provides an opportunity for banks to enhance their existing financial education initiatives and deliver the latest technology to local high schools through a private-labeled program that teaches, assesses and certifies high school students in hundreds of topics in personal finance. The program is currently used by more than 3,000 high schools in all 50 states and maps to national and most state requirements for financial literacy. A valuable

Contact Bret Rock at (850) 224-2265 or brock@floridabankers.com to learn more about bringing this cutting-edge learning platform to your community.

Solutions for Generating Income Despite Regulatory Headwinds: Part 2 of 3

Background

Regulatory changes and economic factors have taken a toll on financial institutions’ income statements. Non-interest income is suffering from the significant revenue im

pact of Regulation E on overdraft income and the looming effect of the Durbin Amendment on interchange income. According to an October 2010 webinar report from the Independent Community Bankers of America, more than 80 percent of financial institutions expect Regulation E to impact their overdraft revenue by 5 to 20 percent.

In addition, interest income has decreased during the past three years due

to the recent recession and its lingering effects. Financial institutions have been faced with reduced market demand for loans, which has made it difficult to grow their margins, as well as lower federal funds rates.

Opportunity

With some traditional sources of revenue waning, the battle for financial institutions

to grow net income is intensifying — and a multi-pronged approach that includes solutions for both growing income and decreasing expenses is necessary for success. Part 1 of this Strategy Update series discussed ways to grow non-interest income. This Strategy Update focuses on how your financial institution can grow interest income.

Click here to read the rest of the article.

Harland Clarke: Solutions for Generating Income Despite Regulatory Headwins

Background

Given the significant revenue impacts of Regulation E on overdraft income and the looming impacts of the Durbin Amendment on interchange income, non-interest income is suffering. According to an October 2010 webinar report from the Independent Community Bankers of America, more than 80 percent of financial institutions expect Regulation E to impact their overdraft revenue by 5 to 20 percent. And a recent Raddon report indicates financial institutions can expect an annual revenue decline of $52 per debit cardholder in estimated annual interchange income as a result of the Durbin Amendment.

Opportunity

Amid the drive to grow net income and the waning of some traditional revenue sources, a multi-pronged approach can help your financial institution successfully shore up its income statement. This Strategy Update focuses on deploying complementary initiatives to assist with growing non-interest income by segmenting product line-up change communications, targeting household acquisition and providing ongoing Reg E opt-in support.

Click here to read our top recommendations for growing non-interest income >>>