by: Robb GaynorIn order to keep up with the evolving trends of modern technology, it is important to maintain a strong place in the market by keeping your members satisfied. If you are not innovating, you are falling behind. There are seven reasons why credit unions should provide mobile apps:Generate a return. Mobile banking can be used to drive revenue for credit unions. Expedited payments and P2P payments are features that can both generate fee revenue, as they provide the convenience that consumers and businesses crave. Mobile can and does provide convenience, so credit unions can charge for it.Cross-selling. The mobile channel can be used to cross-sell other products and features within the mobile banking app, as well as inform your business and consumer members about your credit union. In fact, the ad space in an app can generate up to a 12%-15% “touch-through” rate. Mobile ads and messages are much more engaging than their Internet banking counterparts. Whether you are featuring a high-interest savings account or CD or simply informing consumers and businesses about your community involvement, mobile ads engage end-users and can be used to help build a solid ROI for the channel.Save money. Mobile banking cuts costs. Simple examples, such as mobile check capture, lower transaction and processing costs for credit unions. By moving expensive activities to the mobile self-service channel, lower costs are attainable. Other examples, such as moving an end-user to mobile e-statements on an iPad, will also realize cost savings by taking out production costs. The more members who use mobile, the more savings can be attained. continue reading » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Bahamian authorities say they have detained more than 70 Haitians after intercepting a vessel west of the Exuma chain of islands between the Bahamas archipelago and Cuba, over the long holiday weekend.They said the Bahamian Navy intercepted the 40 foot vessel with 76 Haitian illegal migrants on Sunday, a few days after the navy had intercepted another vessel with 87 Haitians on board.The Royal Defense Force of the Bahamas (RBDF) said the new illegal migrants have been handed over to the immigration authorities for possible repatriation.The authorities say that hundreds of Haitians risk their lives by traveling in fragile and overloaded boats to the Bahamas in search of work, although the authorities of the archipelago have warned that they will expel all foreigners who do not have a residence permit as of January 1, 2018According to figures released by the International Organization for Migration, (IOM) there were nearly 70,000 Haitians in the Bahamas in 2014, including about 50,000 who did not have residence permits.