Seven reasons to provide your members with mobile apps

first_imgby: 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 » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Roland Garros: Serena Williams dumped out in 3rd round

first_imgThree-time champion Serena Williams was stunned in the French Open third round by unseeded American Sofia Kenin.Williams, 37, was seeded 10th but lost 6-2 7-5 to her 20-year-old compatriot, who was at times booed by the crowd.The defeat means Williams’ quest to equal Margaret Court’s record of 24 Grand Slam singles titles continues.“I’m so happy with this win – obviously you can tell with these emotions,” a crying Kenin told the crowd on Philippe Chatrier.“Playing against Serena, you have to fight for every point.”Williams’ defeat followed the shock exit by world number one Naomi Osaka a few hours earlier and leaves only three top-10 players in the women’s draw.Earlier in the day, defending champion Simona Halep enjoyed a straightforward 55-minute victory, beating Ukraine’s Lesia Tsurenko 6-2 6-1 to reach the last 16.World number 35 Kenin will play Australian eighth seed Ashleigh Barty in the fourth round, while Halep faces unseeded 18-year-old French Open debutant Iga Swiatek.last_img read more