Reducing Risk to Financial Institutions and Their Customers

By Dr. Linda Eagle

The growing popularity of Electronic Funds Transfers (EFTs) may soon make paper bills obsolete, as more individuals discover the ease of accessing their bank accounts and transferring money electronically each day. EFT services are quickly becoming one of the fastest growing segments of the financial services industry in the US and abroad. However, with this trend, an increasing number of frauds involving money laundering and identity theft in EFTs are continuing to emerge. (Read more) 

What Every Financial Institution Should Know

By Dr. Linda Eagle

With the recession and other financial concerns at the forefront of most people’s minds, staying on top of one’s finances could not be more important than it is today. As people all over the country begin to pay closer attention to their personal finances, they are seeking new, user-friendly methods for accessing financial information and interacting with their financial institutions. Many consumers have begun to find the solutions to their needs through mobile banking services, which are provided by their banks through mobile devices such as cell phones, smartphones and Personal Digital Assistants (PDAs). (Read more)

What Every Financial Institution Should Know about Social Networking

By Dr. Linda Eagle

The aim of any business is to be successful and profitable throughout the lifetime of the organization. The evolution of communication technology in recent years has helped make this possible by improving a business’s ability to network with its existing and potential customers. What once required face-to-face conversations and the physical exchange of contact information can now be done in an entirely virtual environment with just a click of a button. (Read more)