The worldwide containment effort to halt the spread of COVID-19 has had far-reaching impacts on both the world economy and local communities. Our lives have been significantly altered and the economy has been severely impacted, as reflected in the Dow Jones Industrial Average, which was down nearly 30 percent before partially recovering recently. In addition...Read More

Dear Valued Customers, The COVID-19 pandemic is creating challenges for all businesses. While we at Bankers Equipment Service are taking several preventive measures, we remain committed to supporting our customers through these difficult times. Our primary concern continues to be the health and safety of our employees, customers and the communities in which we live...Read More

The probability is high that a bank customer will at some point experience a cybersecurity incident. Above and beyond the financial and operational risk, cybercrime comes with substantial reputational risk for banks, as customers are far less likely to trust institutions whose products and services are frequent targets for breaches or hacks. While banks are...Read More

Even as digital banking gains ground, many customers still prefer human, face-to-face interaction for complex products such as mortgages and investments. And while 60 percent of banking customers use digital channels, online banking only generates 25 percent of sales, according to research by McKinsey & Company. Make no mistake: Branches remain relevant. But as with any...Read More

Approximately 80 percent of American households actively save loose change and look to their financial institution to count this saved coin, according to research by creditunions.com. Savvy FIs are catching on to this trend and many now offer coin-counting machines in the lobby. Here’s why: It matters to the customer Sixty-four percent of people who save...Read More

Few dispute that the traditional branch format no longer fits most consumers’ banking habits, but therein lies an expensive dilemma: What to do with the 100,000-plus branches still in operation in the U.S. Some institutions have tried new approaches, but with unknown results. One existing option (if it were better executed) could provide the way...Read More

  Secure is relative. Different businesses have different obligations and levels of sophistication in their security programs based on several factors. Industry, size, the type of data housed, and more all determine how a business treats its information security program. But the goal is often the same: avoid as many security incidents as possible, protecting...Read More

As the banking industry faces tighter margins and increasing competition for customers, many financial executives find themselves looking to cost reductions and department downsizing to better their bottom lines. Yet, those who take a balanced approach and identify the right operational efficiency initiatives may find that what’s good for profit margins may also improve the...Read More

You may already know this, but it’s worth revisiting the basic economy of banking. Banks and credit unions make money by acquiring funds through deposit accounts and then lending those same funds to customers with interest. While they have many direct and indirect channels to lend funds, the most cost-effective way to get the deposit...Read More

January 31, 2020 Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of GLORY Ltd. [TYO:6457], has announced plans for a significant investment in Acrelec Group SAS, a leader in responsive self-service solutions for the Quick Service Restaurant and retail industries. Headquartered in Saint-Thibault-des-Vignes, France with operations in a further 14 countries, Acrelec focusses on developing...Read More