Jeff For Banks

JANUARY 13, 2013

'No. I will tell you why in a moment, but first why I thought of this question. Alan Weiss of Summit Consulting penned a book called The Consulting Bible (see my bookshelf if interested in the book). In it, Weiss suggests you jettison the lower end of your client list when you win new clients. His reasons: The client is no longer profitable. You are bored with the work.

Exercises 113

Exercises FDIC Groups Meeting 113

Javelin Strategy & Research

JANUARY 25, 2013

My first reaction to seeing the news that Keith Rabois was leaving was Square that this was another indication that the MPOS space was getting crowded and heading for a shakeup. After all, margins are razor thin and Verifone had recently sunk Sai l.

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Jeff For Banks

JANUARY 28, 2013

'It''s for our children. I love it when politicians give some variant of this argument. I suppose if they really cared about our children, they would stop running up the national credit card on them. But doing so would not allow us to "protect our children". Protect them while saddling them with our bills. Real good parenting. Politics aside, I received a school of hard knocks lesson in how poorly our young adults are prepared for personal financial management.

Management 86

Management Training Taxes Groups 86

Jeff For Banks

JANUARY 6, 2013

'Whether you are a bank, thrift, or credit union, I hope you have a strategy for 2013 and at least three to five years into your future. If not, you better assemble the troops and determine the bank you want to be, or you run the risk that your customers don''t see you as anything but just another bank (or thrift, or credit union, what have you). So often, though, FIs develop specific objectives, like mentioned below, and limit the input on how exactly to accomplish the objective to a few people

Strategy 82

Strategy National Resources Groups 82

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Jeff For Banks

JANUARY 19, 2013

'Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. As to the latter, the Federal Reserve is always good for a couple of surprises. They continued to run their easing campaign, now going on six years strong and counting, pushing down on Treasury yields, spreads, mortgage rates, and pushing up on money supply.

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Taxes Philadelphia DC New Jersey 73

Javelin Strategy & Research

JANUARY 17, 2013

Earlier this week, Fiserv announced its acquisition of Open Solutions, Inc. (OSI) , adding a strong product and client suite to its business lines. With a client base of 3,300 community banks, credit unions, and thrift institutions, OSI will help Fiserv continue to strengthen its foothold in this market. Similar to its other recent acquisitions, Fiserv expects the OSI acquisition to be significantly accretive to earnings per share (EPS) with a projected adjusted rise of 12% in EPS over 2011.

Community Bank 40

Community Bank Community Marketing 40

Javelin Strategy & Research

JANUARY 15, 2013

Green Dot’s effort to blaze a trail for the next generation of banking highlights the building competition for Gen Y consumers and the challenges that must be overcome to redefine banking. It also sends a warning signal to the credit union industry that it must do something to avoid becoming a generational anachronism.

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Industry 40

Javelin Strategy & Research

JANUARY 13, 2013

California once again is looking to flex its muscles as a trend-setter in national politics and policy – this time in the area of protecting consumer privacy in the rapidly accelerating era of mobile commerce and Big Data.

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California Washington Mobile Industry 40

Javelin Strategy & Research

JANUARY 8, 2013

Customers desire the flexibility to select the easiest and most convenient channel in which to conduct their business. For instance, I may want start to filling out a loan application at home on my iPad and then decide go to down to my local branch to ask a question about it – and I don’t want to have to start over at the very beginning. By the same token, I don’t want to have to open one mobile app to look at my credit card transactions and another mobile app to monitor my checking account.

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Mobile Cards 40

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Javelin Strategy & Research

JANUARY 2, 2013

Last month's backlash against Instagram 's overly broad proposed terms of service is the latest reminder that consumers are easily enraged if they feel companies are abusing their data and relationships. That is essential to understand for anyone engaged in interactive finance.

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Trends Data Company 40

Javelin Strategy & Research

JANUARY 31, 2013

The news today that FIS has purchased the 78% share of mFoundry that it didn’t already own should come as no surprise.

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