Bankers Association of Trinidad and Tobago’s Post

What's New to TheStreet... The head of America's biggest retail bank, Chase Bank, has a warning for its 86 million customers: Prepare to pay for your bank accounts. 💳💰 How do you feel about this potential change? Share your thoughts below!⬇️ 👉🏻Follow New To The Street for more! #chasebank #bankingfees #businessnews #business #news #newtothestreet

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Transparency in activities between a business and its stakeholders is imperative to garner strong relationships between the parties. As one of the leading global banks, that is exactly what HSBC is mulling over and ensuring in every step of its strategies and operations. #hsbc #transparency #transactions #striver

Great initiate and investments in building Financial institutions digital connectivity .

Coin can be a HASSLE for banks and credit unions. 🪙 Expecting branch employees to handle coin is inefficient 🪙 Requiring customers to roll their own coins is inconvenient 🪙 Not accepting coins negatively impacts both customers and profit It’s not uncommon for banks to view coins as a nuisance rather than an asset. We started our Retail Remote Transfer program to give financial institutions and their customers an easier way. With RRT, customers can transfer their coins and cash directly to their checking accounts while on-the-go from any participating Coinstar retail kiosk. RRT allows banks and credit unions to focus on higher-value transactions, while capturing a larger share of the $7.7B in coin lying around consumer households. My inbox is open for any financial leaders who want to tackle the challenge of coin. Let’s connect and discuss how Retail Remote Transfer can help your institution. #Banks #CreditUnions #Coin

Navigating ATMs with blindness or low vision Did you know over 100,000 ATMs in the U.S. are designed for speech operation? Major banks like Bank of America, Wells Fargo, Citibank, and Chase offer these ATMs. Bring a set of headphones to access the speech feature. Call your local bank to find the nearest accessible ATM. #Accessibility #InclusiveBanking #MoneyTips

Stylish and reliable static QR soundbox launching for merchants spread across the country. Long lasting battery will ensure merchants can accept payments almost for a week without a need for re-charge. This will be a game changer for merchants in tier 2 and tier 3 cities. Stay tuned #qrcode #qrpayments #digitalpayments #digitalpakistan #banks #digitalwallets #gamechanger

I keep debating the future of ATMs with Mohit Mehra. In most cases, we agree that the decline in ATM usage (ergo physical cash), in the long run, will mean a slow decline in the number of ATMs being operated by banks - not just because it is an expense only play, but also how digital transactions will be the norm eventually. Maybe a longer debate for another day. But I was unaware how a snowstorm of 1978 was the tipping point for mainstreaming ATMs. :) https://lnkd.in/g3bkcr-h Linking an earlier post on ATM transactions from Mohit - https://lnkd.in/gUmiCpV9

This result is very impressive. Congratulations to VIB card team 👏 𝗩𝗜𝗕 𝗰𝗮𝗿𝗱 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝘃𝗼𝗹𝘂𝗺𝗲 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟰 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟯. By the end of September, spending through VIB cards had reached nearly $2.7 billion, with an estimated target of $4 billion by the end of this year. According to data from the Vietnam Card Association, in the first six months of the year, total spending through VIB cards reached over 40,000 billion VND, more than 3 times higher than the market average. The average spending on each VIB card in the first 3 quarters of the year reached 11.2 million VND, 40% higher than the market average. "This result comes from the increasing trend of customers interacting and transacting through VIB cards. In the first 3 quarters of the year, there were an average of 2.6 million transactions per month," said a representative of the bank. The VIB card segment continues to grow. As of September 2023, the number of cards in circulation by this bank has reached over 671,000. Tuong Nguyen Giang Nguyen

Service, Make or Break Stepping into the classy interior of a centuries-old bank at Claymore, I expected service matching its image. Unexpectedly, my encounter with one of its staff members, David, was a total let down. I was ‘advised’ by him that it was pointless to open an account when my purpose was not into wealth creation ie investing in the bank’s suite of financial products. Neither did he think it was not okay to correct me on the spot on my wrong use of banking terminology. Sheesh. I asked for a change of personnel, naturally. Who wants to deal with an idiot of a man? His replacement was the complete antithesis. Professional, polite and personable, Marcus understood my banking requirements perfectly. All it took was no more than a half hour of excellent service to repair his company’s image and get for himself, and the bank, a new client. Service often makes or breaks at the point of contact. It is not revolutionary knowledge. The dismissive Davids, whether at the counter, or the call centre, or suited up behind a desk, can in a moment put to nought all the marketing dollars poured into burnishing a company’s hard earned image. #service, #banks, #HSBC,#brand, #image