Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois Community Bankers Association of Illinois
 
     Special CBSC Member Services Edition                 December 9, 2009 Graphic
Graphic
Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois
It's that time of the year when the holidays approach and community banks prepare to wrap-up 2009 and plan for 2010. To assist CBAI members in their planning effort, CBSC asked its marketing partners, experts on a variety of bank services, to offer tips and ideas that member bankers might consider as they plan for next year. We hope you'll find the following information useful. We encourage you to contact us whenever we can be of assistance.



  • 2010 Goal: Originate High Quality Earning Assets
  • Quick Poll: Implementing a Social-Media Strategy
  • It’s Time to Consider “Change” in Planning for 2010
  • 2010 Regulatory Focus: Interest Rate Risk
  • Industry Challenges Continue in 2010
  • RBS WorldPay and VeriFone Announce End-to-End Card Encryption Solution
  • A Real “One – Two” Punch in the Fight for the Business Customer!
  • Are You Prepared for these 2010 Regulatory Changes?
  • Regulators Stress Compliance with Business Continuity Planning Requirement
  • Going Mobile?
  • Elevate Profits in 2010 Based on a Private Bank-Aide Survey
  • New Model Privacy Form May Create Significant Compliance and Operational Challenges for Banks
  • By Creating a “Greener Office” Community Bankers Can Act in a More Environmentally Sensitive Fashion
  • Strategic Modeling for High Performance: Asset/Liability Management
  • Kasasa™: Helping Community Banks Thrive In Today’s Market
  • Industry White Paper - Fighting the Battle Against Insider Threats
  • New Deposit Rate Caps Become Effective January 1, 2010
  • How Technology Can Enhance Relationships
  • Industry White Paper – Get Success with MCIF Without the Hassle


  • CBSC RECOMMENDED SERVICES
    A Guide to CBAI Members' Discounts and Professional Services

    2010 Goal: Originate High Quality Earning Assets

    As community banks plan their budgets and develop strategies for 2010, there continues to be uncertainty in every corner. Without question, the biggest concern is the origination of quality assets that will provide the needed earnings for the bank and survive the scrutiny of the regulators. Triad Financial Services, a 50-year-old award winning financial services company, can provide the answer.
    More.

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    Quick Poll: Implementing a Social-Media Strategy

    Is Your Community Bank Planning on Implementing a Social-Media Strategy in 2010?
    Click here now.

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    It’s Time to Consider “Change” in Planning for 2010

    CBAI member banks that have already deployed or are considering the deployment of Self Service Coin processing should take into account a wide variety of potential benefits… reduced teller labor, increased branch foot traffic and 100% customer face time on coin transactions. Many, however, need to recognize the real marketing value that can result in low-cost core deposit growth, increased customer wallet share, new customer acquisition, an enhanced (and potentially differentiated from competition) customer experience, customer retention and brand prominence… all of these can impact your 2010 budget and stretch it even farther! To see how CBAI Members have benefited with the addition of QuickChange™,
    click here to view our testimonial video. For additional information on the Talaris QuickChange™, click here.

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    2010 Regulatory Focus: Interest Rate Risk

    There is reason to believe that the regulatory agencies are prepared to increase their focus on interest rate risk in 2010. It's not surprising as we begin the second year of an unprecedented interest rate environment and banks are tempted to extend duration by a steep yield curve.
    More.

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    Industry Challenges Continue in 2010

    A recent survey conducted by SHAZAM uncovered the top industry challenges facing community bankers today. Fraud losses, technology, the economy, attracting and retaining business, and regulation and compliance all come into play and are expected to be prominent issues in 2010.
    More.

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    RBS WorldPay and VeriFone Announce End-to-End Card Encryption Solution

    RBS WorldPay, CBSC’s endorsed provider for merchant credit card services, is the first merchant acquirer to endorse a
    commercial end-to-end encryption solution. By encrypting the card number on swipe, right at the point of sale, RBS WorldPay merchants who choose the VeriShield Protect solution will be able to dramatically reduce both their own risk and that of their customers as well.

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    A Real “One – Two” Punch in the Fight for the Business Customer!

    In order to assure victory in today’s extremely challenging environment for both your institution and for that of your business customers, opportunities exist for your institution in 2010 to implement services, and practices that promote immediate and long-term sustainable growth in the highly sought after small-business market segment.
    Check Resultz, CBSC’s endorsed provider for Business Account NSF Electronic Check Recovery, offers just such an opportunity to encourage organic growth, strengthen relationships with current customers, and attract new businesses through this value added service offering.

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    Are You Prepared for these 2010 Regulatory Changes?

    Changes to REG GG, RESPA, and REG CC will impact your bank beginning January 1, 2010. Visit the regulations below to get background information and related compliance products and services available from Wolters Kluwer Financial Services.

    Contact your WKFS Account Executive or Brenda Herubin Brenda.herubin@wolterskluwer.com, for more information.

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    Regulators Stress Compliance with Business Continuity Planning Requirement

    The FFIEC has upgraded expectations for business resumption planning and preparedness. Due to a far greater reliance on technology, changes in business processes and significant increases in disaster circumstances the joint agencies have substantially raised the bar on business continuity planning. The expectation is that each institution develop a plan that gets them back to normal business operations in a timely fashion and that plan needs to be tested and that test needs to be fully documented.
    More.

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    Going Mobile?

    Your account holders are surfing online via mobile devices. Will they find your financial institution there? According to the International Association for Wireless Communications, 270 million Americans subscribed to a wireless service such as cell phone, pager, global position system or Wi-Fi by the end of 2008, which is roughly 89 percent of the U.S. population.
    More.

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    Elevate Profits in 2010 Based on a Private Bank-Aide Survey

    Use a Bank-Aide survey as the foundation of your planning efforts. It is invaluable to receive input from your customers and areas when making important decisions.
    More.

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    New Model Privacy Form May Create Significant Compliance and Operational Challenges for Banks

    Eight banking and securities regulators have joined forces to issue a new model privacy form that becomes effective Jan. 1, 2011. Although the mandatory compliance date is more than a year away, preparing to use the new notice with consumers is expected to present banks with significant compliance and operational challenges in the year ahead. Ted Dreyer, senior attorney for Wolters Kluwer Financial Services, provides a summary of the new requirements in an article on the company’s ComplianceHeadquarters Web site.
    More.

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    By Creating a “Greener Office” Community Bankers Can Act in a More Environmentally Sensitive Fashion

    Did you know that each year the U.S. consumes enough office paper to build a 10-foot-high wall 6,815 miles long? This creates a huge disposal problem, and an urgent need for companies to "buy green," meaning products with recycled content, easily recycled themselves, which have used minimal resources and packaging.
    More.

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    Strategic Modeling for High Performance: Asset/Liability Management

    The successful performance of a community bank ultimately depends on proper understanding and management of interest rate risk. Sometimes, however, bank management is too complacent about modeling changes in interest rates and the result impact on earnings. Many institutions
    (more)...

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    Kasasa™: Helping Community Banks Thrive In Today’s Market

    BancVue has recently launched the first national brand of innovative banking products, Kasasa™. The brand was developed to help community banks improve their competitive standing against mega banks and direct banks. By promoting the consumer-first philosophy of the accounts and community banks through large-scale marketing efforts, Kasasa aims to reinvigorate community banking across the country. For more details about Kasasa™,
    click here.

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    Industry White Paper - Fighting the Battle Against Insider Threats

    Latest Data Breaches

    - Hacked web server leads to the loss of customer credit card data Alpha Software, Inc. data loss incident circa 2009-11-20

    - Hacker hired by departing employee, gains access to at least a thousand insurance customer's names, social security numbers. policies

    - Farmers Insurance data loss incident circa 2009-11-24

    - Missing usb device contained employee names, addresses, Social Security numbers and financial details Textron data loss incident circa 2009-12-01

    - Filed bankruptcy documents improperly redacted, expose names, addresses, and credit card details HSBC Holdings plc data loss incident circa 2009-11-20

    - Passport applications stolen by mail carrier Post Office Canada data loss incident circa 2009-12-04

    Today’s headlines confirm the potential outcomes of ineffective ITsecurity systems. Companies are suffering serious consequences –from stolen customer data and intellectual property to powerful viruses and other malware. Not only are business operations interrupted, but corporate security failures are leading to damaged business reputations, lost revenues, sizeable costs, and often lost jobs for individuals held accountable.

    CTH Technologies, CBSC preferred provider has submitted the following white page entitled
    Fighting the Battle against Insider Threats. CTH Technologies is a leading provider of DLP (Data Loss Prevention) tools that guard against possible lost or stolen information.

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    New Deposit Rate Caps Become Effective January 1, 2010

    Beginning January 1 institutions that are less than well-capitalized must comply with new restrictions on deposit rates. They will not be allowed to pay more than 75 basis points over a national average calculated by the FDIC. Although the final rule is not effective until January 1, 2010, the FDIC does not object to the immediate use of the newly-defined national rate by an insured depository institution. The national rates and rate caps for various deposit maturities and sizes are provided
    here.

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    How Technology Can Enhance Relationships

    As we look to 2010, it’s important to look back. Ten years ago there were no I-Pods, there were no TiVos and there were no Blackberrys. Technology can open up a whole new world of possibilities and opportunities for you. Technology can make your life easier. It can free up time necessary for building relationships, but only if it works in sync.
    More.

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    Industry White Paper – Get Success with MCIF Without the Hassle

    With an ever skinnier marketing budget and fewer hours to get it all done, you may elect to reach out to an expert to help you gain measurable ROI from marketing. Many overworked marketers at banks and thrifts have turned to an MCIF Service Bureau to get the benefits that only come through an MCIF. In this way, an MCIF Service Bureau is exactly like having someone else work out for you. You get the “abs of steel” and all of the gain, without the pain.

    The
    white paper is submitted by Marquis Software, CBSC’s endorsed provider for MCIF / CRM software, explores the benefits of implementing a MCIF system in a service bureau environment.

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