Maximizing the mobile market opportunity for credit unions

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: John MoonThanks to mobile’s anytime, anywhere convenience, some financial institutions now have more customer interactions via mobile than any other channel. Yet despite its growing popularity, many financial institutions are unsure of what to strive for in terms of adoption metrics and are even wary of investing in promotion of their mobile banking offerings.Fiserv analysis shows successful financial institutions have a mobile adoption rate of 40 percent of their online banking base, or higher. However, this level of adoption doesn’t happen by itself. The right mix of mobile banking features and effective promotion are critical for achieving the highest levels of channel adoption.The ability to add and retain mobile bankers is vital to a financial institution’s growth and profitability. Fiserv research shows consumers that bank via mobile are among a financial institution’s most valuable customers. They use a platform with lower service costs and have a greater propensity to sign up for additional services.To capitalize on the market opportunity mobile presents, financial institutions can start by prioritizing three areas: product investment, targeted marketing and staff engagement. continue reading »last_img read more

Skelos Corruption Trial: Emails Reveal Senator’s Calls Were Offered To Help AbTech

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Calls from New York State Sen. Dean Skelos (R-Rockville Centre) were offered to help land contracts for a company that hired his son, according to evidence heard Monday at the senator and son’s corruption trial at Manhattan federal court.Bjornulf White, the former vice president of AbTech Industries, testified that Adam Skelos, the senator’s son, told him that his father would call Nassau County Executive Ed Mangano if the county Department of Public Works (DPW) commissioner didn’t return Adam’s calls for an update on the status on AbTech’s proposal to install storm water filters in county drainage pipes. At the time, Adam was an AbTech consultant.“Will have my father call [Mangano] this Thursday if I don’t hear back from” Sheila Shah, the Nassau DPW commissioner, Adam emailed White on April 30, 2012, according to email evidence prosecutors read in court.Arizona-based AbTech is one of three companies that the former state Senate Majority Leader allegedly coerced $300,000 in bribes from in the form of no-show jobs that his son, Adam, was unqualified for in exchange for illegally manipulating legislation. Both men deny the accusations.When Adam asked his dad’s senate staff for an update on pitching AbTech’s services in Suffolk County, Adam was told a call from the senator would help, according to an email read in court.In an email exchange dated Nov. 9, 2012, Adam asked Thomas LaCascio, director of the senator’s district office, if there was “any word on Suffolk,” and LaCascio replied: “One step at a time. Haha. Your dad prob needs to make a call.”The emails were read aloud for the jury while prosecutors conducted their direct examination of White as the trial against the Skeloses entered its third week.Like AbTech CEO Glenn Rink, who testified before him, White said he was “shocked” and found it “inappropriate” when the company got an email from Charlie Durego, general counsel and senior vice president at New Hyde Park-based developer Glenwood Management Corp., demanding a hefty raise for Adam. Durego has said he got Adam a job at AbTech in order to appease the senator’s request to find his son work, as well as to satisfy Glenwood’s desire to avoid doing business directly with the son of the senator whom they were lobbying. Durego had told AbTech that Adam wanted a 4-percent cut of the $12 million contract—$480,000, according to other emails read in court. White testified that the request—and its questionable timing just as the county was considering AbTech’s contract bid—strained his relationship with Rink, his boss, because White did not think the son was worth it. Rink acquiesced to Durego.Explaining his interpretation of Durego’s email, White testified, “I thought he meant it was basically a threat to interfere with the process and hurt AbTech’s chances” of landing the Nassau contract. “If AbTech increases his pay and takes care of Adam, his father will take care of AbTech.” White said that Rink had told him of the message that Rink had separately received from Durego.Raising Adam’s pay from $4,000 monthly to $10,000 monthly despite Adam only securing one contract—not the six that would trigger such a raise under his contract—was AbTech’s compromise to Adam’s demand, delivered through Durego, for nearly a half million dollars.After the Nassau County Legislature and Nassau Interim Finance Authority approved AbTech’s contract, Mangano touted it at a press conference, where White met with Adam’s contact, Chief Deputy Nassau County Executive Rob Walker. White testified that shortly afterwards Walker told him that Nassau would allocate $400,000 to install AbTech’s smart sponge storm drain filter at one outfall pipe near the Bay Park Sewage Treatment Plant. White said he was taken aback, because AbTech had a contract to install the devices on 10 pipes and a cost analysis had yet to be done. The total project was worth $12 million.“I told him that I’m not comfortable with this random number,” White testified that he told Walker. “This was sort of backwards. They were just throwing a number out there, and I had no idea if it would cover the cost.”White is expected to continue testifying Tuesday, the day after former state Assembly Speaker Sheldon Silver (D-Manhattan) was convicted of charges in a similar but unrelated corruption case also in Manhattan federal court.In response to the news that Silver, his former counterpart in Albany, had been convicted, the senator told reporters outside the courthouse: “My case is what I’m focused on.”last_img read more

Salmonella found in Georgia peanut butter plant

first_img Tauxe said a second case-control study looking into a wider array of products will be conducted over the next few weeks, and preliminary results are expected next week. “This appears to be an ingredient-driven outbreak,” said Robert Tauxe, MD, MPH, deputy director of the CDC’s Division of Foodborne, Bacterial, and Mycotic Diseases. He said the first case-control studies suggested that about two thirds of the patients consumed peanut butter, but not national retail brands. Infection from the outbreak strain may have played a role in five deaths, he said. The last illness onset date was Dec 31, which indicates that the outbreak is ongoing. Investigators have determined that the source of the outbreak strain, Salmonella enterica serotype Typhimurium, might be bulk peanut butter from the Peanut Corporation of America’s (PCA’s) plant in Blakely, Ga. Jan 16, 2009 (CIDRAP News) – Federal officials today said investigators have found Salmonella in the Blakely, Ga., plant that has been implicated in a multistate outbreak, though testing hasn’t yet revealed if it is the same subtype and if it genetically matches the outbreak strain. FDA background on Salmonella Typhimurium outbreak So far, the only pathogen that matches the outbreak strain was found in an open 5-lb container of peanut butter at a Minnesota nursing home. The peanut butter was produced by PCA and distributed by King Nut Company. However, the fact that the peanut butter tub was open means cross-contamination could have occurred. Experts from the US Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) also told reporters that the probe into the potentially contaminated peanut butter is also focusing on other products such as cookies, crackers, and ice creams that might contain tainted peanut butter or peanut paste. Tauxe said so far 453 cases from 43 states have been linked to the outbreak. One of the patients is from Canada. For patients with available information, 22% were hospitalized.center_img Sundlof and Tauxe said until more information is known about possible contamination in other peanut butter food items, federal agencies aren’t yet advising consumers to avoid specific products. See also: The company has 85 direct accounts, some of which are distributors and some of which are food manufacturers, Sundlof said, adding that the FDA is exploring the distribution chain for the products. Stephen Sundlof, DVM, director of the FDA’s Center for Food Safety and Applied Nutrition, said despite the lack of a definitive link, investigators are focusing on the peanut butter connection. He urged food manufacturers to check their supply chains and determine if any of their peanut butter or peanut paste ingredients came from PCA. Sundlof said companies that used any of PCA’s recalled peanut butter should follow the lead of Kellogg Company and remove their products from distribution. On Jan 14, Kellogg placed a product hold on its Austin and Keebler peanut butter cracker varieties and urged consumers to avoid eating the products and asked stores to pull the products from shelves. CDC Salmonella update Jan 15 CIDRAP News story “Kellogg pulls peanut butter crackers as Salmonella probe widens”last_img read more

UK lifeboat fund sees investment risk, underfunding ‘strongly linked’

first_img“Although the PPF is much better equipped to manage that risk than we have ever been – our own funding ratio is stable, we have years of experience under our belt and we have a healthy reserve to fund future claims – the potential claims of underfunded schemes pose a significant risk, which is beyond our control.”Lisa McCrory, the PPF’s chief actuary, added: “The long tail of small, underfunded schemes is a particular concern: 58% of schemes with 100-999 members are less than 75% funded.” Weighted average asset allocation by s179 funding ratio (article continues below) Data shows there is a strong link between investment risk and underfunding in defined benefit (DB) schemes, the UK’s lifeboat fund for bankrupt company pension schemes has said.According to the Pension Protection Fund’s Purple Book, published today, as at the end of March 2019 there were 57% of schemes in deficit, with an aggregate deficit of £160bn (€177bn) on a section 179 basis – where liability values are measured in terms of the cost of insuring schemes to pay PPF levels of compensation.Although an overall trend for de-risking had continued, underfunded schemes tended to have more exposure to equities than overfunded schemes. The latter had on average 69% of their assets in bonds, compared with just 25% for schemes with a funding ratio below 50%.Stephen Wilcox, chief risk officer at the PPF, said: “While many schemes have reduced their investment risk, the deficit of schemes in deficit is more than double what it was in 2006 and the economic circumstances much less favourable. The funding ratio of schemes in deficit is particularly vulnerable to economic shock. Source: PPFTPR is due to launch a consultation on its new funding code in March, with trustees and employers expected to face tougher demands under the new framework.Susan McIlvogue, head of DB at Hymans Robertson, said that in revealing that a significant number of schemes remain underfunded, the Purple Book “provides a vital reminder that many schemes must act now to avoid being caught unprepared by a revitalised regulator and new funding code”.The PPF said the new funding framework had the potential to significantly change the risks to which it was exposed.Shrinking universeThe data for the Purple Book, which provides the most comprehensive data on the UK universe of DB schemes in the private sector, also showed that the funding ratio for all schemes improved since 2006, from 97.1% to 99.2%. Scheme funding worsened compared with the situation as at 31 March 2018, however, when it stood at 95.7%.The universe of DB schemes continued to shrink, this year by 88 schemes to 5,436. The PPF said this reflected schemes winding up, merging, and entering PPF assessment.As concerns the risks the PPF faces, the Purple Book repeats information from last year’s annual report, namely that as at 31 March 2019 the lifeboat fund had an 89% chance of hitting its target to be financially self-sufficient by the funding horizon, currently estimated to be 2030.In the new Purple Book, the PPF said it was reviewing the design of the model it uses to inform its understanding of the funding risks it faces and monitor progress against its funding objective.last_img read more

Cole:Aubameyang needs to leave Arsenal

first_imgFormer Chelsea star, Joe Cole, has said Pierre-Emerick Aubameyang needs to leave Arsenal. Loading… “He needs to be playing in the Champions League. Read Also:I feel very bad for late miss – Aubameyang “He’s not played enough years in the Champions League to cement himself as a top, top player, which is what he actually is because his stats and his numbers add up with anyone.” FacebookTwitterWhatsAppEmail分享 center_img The Arsenal captain has not played in the Champions League since his switch to the Emirates in 2018. “If I’m Aubameyang, I’d be looking out the door because he’s a player that needs to be playing at the very, very top level,” Cole said.Advertisementlast_img read more

Boys EIAC Freshman Tourney Scores

first_imgBoys Freshman Basketball Tournament at Connersville .Game 1:  East Central defeated Lawrenceburg  34-21Game 2:  Connersville defeated Rushville  40-30Game 3:  Batesville defeated Franklin County  42-31Game 4:  South Dearborn defeated Greensburg  36-28Saturday games.10:00 AM-East Central vs. Connersville11:30 AM-Batesville vs. South Dearborn 1:00 PMGirl’s Championship game 2:30 PM.Boy’s Championship gameSubmitted by Batesville AD Mark Ferguson and Connersville AD Brent Duncan.last_img read more

Luther J. Roberts – Sunman

first_imgLuther J. Roberts, of Sunman, was born on December 16, 1960 in North Carolina, the son of Grady and Peggy Louise Barnett Roberts.  He was a machinist for most of his life.  Luther enjoyed golfing, football and socializing.  On Tuesday, December 5, 2017 at the age of 56, Luther passed away at his residence.  Friends may visit with the family on Friday, December 8, 2017 from 5 until 7 p.m. at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman.  A Celebration of Luther’s life will begin at 7 p.m.  In keeping with his wishes, cremation will follow. Those surviving who will cherish Luther’s memory include his three sons, Kenny Roberts of Hillsboro, OH, Eric (Tara) Roberts of Cleves, OH, and Anthony (Jonie Roberts) of Sunman; one brother, Grady (Brenda) Roberts; five sisters, Pam Gleixner, and Linda (Stanley) Deaton, Brenda Sammons, Peggie (Randy) Sammons, and Cora Floyd; 10 grandchildren, and several nieces and nephews.  He was preceded in death by his parents.center_img Memorial contributions can be directed to the American Parkinson Disease Association at www.apdaparkinson.org or in care of the funeral home.  To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home is honored to care for the family of Luther Roberts.last_img read more

Rose Marie Hamon March 27, 1933 – April 7, 2020

first_imgRose Marie Hamon, age 87 of West Harrison, Indiana passed away Tuesday, April 7, 2020 at her home. Born March 27, 1933 in Cincinnati, Ohio the daughter of Millard and Sarah (McQueen) Moore.Rose married Robert Joseph Hamon June 26, 1954 in Metamora, Indiana. She was a member of Chappelow Ridge Pentecostal Church.Rose is survived by her children Tony (Deany) Hamon, Robert (Rita) Hamon, Bill (Adell) Hamon, Steve Hamon, Marvin (Karen) Hamon, Gina (Don) Wahl, Sheila (Philip) Bowling and Mike (Sharon) Hamon and mother in law to Steve Hotopp. Grandmother of Heather (Chris) Davis, Christina (Steve) Pierce, Amber Hamon, Amanda Hamon, Matthew Hamon, Shannon Hamon, Tori Hamon, Anna Hamon, Chris (Stacey) Hotopp, Eric Hotopp, Ashley Hotopp, Steve Hamon, Daric (Sarah) Hamon, Katie Hamon, Austin (Kristen) Hamon, Haley Hamon, Anthony Wahl, Kyle Wahl, Rachel Bowling, Sean Bowling, Abigail Bowling, Maddy Hamon and Michael Hamon great grandmother of 19. Sister to Pat Geis, Martha (Audie) Bowles, Julie Shoemaker, Paul (Jane) Moore, Mag (Elmer) Kegley, Clark (Rosie) Moore, sister-in-law to Evelyn Moore and Cherese Moore.Rose is preceded in death by her parents Millard and Sarah Moore, her husband Robert J. Hamon, daughter Anita Hotopp, siblings Ben Moore, HJ (Shanks) Moore, Blanche Lanham, Ray Moore, Edward Moore and Leroy Moore, brother and sister in laws James Lanham, Kenny Geis, Marlene Moore, and George Shoemaker.Private services held at the convenience of the family.Memorials may be directed to the Chappelow Ridge Pentecostal Church c/o the funeral home.last_img read more

Evra ready for Hammers test

first_imgPatrice Evra expects a physical bombardment even tougher than the one he faced at Stoke on Sunday when Manchester United tackle West Ham at Upton Park. Press Association He added: “That is the Sam Allardyce style. Why would he change it? Not because he is playing against Manchester United. “We have to defend well and be strong in the air. That is what we have done against Stoke, although to be fair, it will maybe be tougher against West Ham.” Evra was certainly delighted with the manner of United’s 2-0 victory at the weekend, claiming it was the reaction they required after that Old Trafford derby defeat. It also presented Robin van Persie with the opportunity to break his 10-game barren streak, which he celebrated by leaping into the arms of his manager. The Dutchman’s reaction has created a great deal of hilarity in the United dressing room too, where it has been one of the chief topics of conversation. Not that Evra dare a repeat. “No chance. Never,” said the France defender. “Maybe I will do it with my team-mates. But not with the gaffer. He is older. “Imagine I go in too strong against him. He could fall, then he might sack me. I will never do that.” Evra could barely keep a straight face as he delivered his assessment of Van Persie’s reaction, adding: “Robin has had a lot of stick from us. It was nice. I could see a lot of love and emotion. It is the first time we saw that. Robin can tell you, for two or three days we have been getting at him. It is good to see love like that on the pitch sometimes.” center_img The Red Devils head south requiring just seven more points to clinch a record 20th championship, but he knows better than to expect an easy time against the Hammers, whose fans take particular pleasure in making the Red Devils squirm. “At West Ham we have to be ready for the battle, like we were ready against Stoke,” he said. “We know the challenge when you play Sam Allardyce’s team. They always knock the ball into the box and put a lot of crosses in.” last_img read more

Townsend out after betting charges

first_img Press Association The 21-year-old, who spent time on loan at QPR during their relegation campaign, was replaced in Stuart Pearce’s party by Birmingham’s Nathan Redmond. It is understood Townsend has not been accused of betting on any matches he played in. Therefore it is not a match-fixing case, but the FA is taking the alleged breach seriously and has invited Townsend to respond. Tottenham winger Andros Townsend has pulled out of the England Under-21 squad for this summer’s European Championship in Israel after being charged by the Football Association with betting offences.center_img The FA said in a statement: “The FA has announced it has charged Andros Townsend in relation to alleged breaches of its rules governing misconduct and betting. “The Tottenham Hotspur player has been charged with breaches of Rule E8 (b) in relation to a number of betting offences. The player has until 3 June to respond to the charges.” The specific rule he is alleged to have broken specifies that players must not bet “either directly or indirectly, or instruct, permit, cause or enable any person to bet on” any “result, progress or conduct of a match or competition” in which they participate or have participated in during a season, or in which they have any influence. For example, a player who appears in the first round of the FA Cup would not be permitted to wager on the outcome of the final. The rule also forbids players gambling on any other matter involving a competition in which have have participated in during a season – “including, for example and without limitation, the transfer of players, employment of managers, team selection or disciplinary matters”. Players, and all club employees, are deemed by the FA rules to participate in matches involving a club while they are employed by that club, whether they take to the field or not. The FA, which has given no details of the exact breach in this case, added: “Townsend will receive the full support of the FA and Tottenham Hotspur FC in seeking rehabilitation whilst responding to the allegations.” Townsend is a product of the Tottenham academy who has had loan spells with a host of clubs, including Ipswich, Millwall, Leeds and Birmingham, while attempting to make his mark at White Hart Lane. His representatives declined to comment on the FA charges. last_img read more