Are full color statements in your credit union’s future?

first_img 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Harry Stephens Harry is President/CEO and founder of DATAMATX, one of the nation’s largest, privately held full-service providers of printed and electronic billing solutions. As an advocate for business mailers … Web: www.datamatx.com Details The fact that the U.S. Postal Service (USPS) ended the first quarter of its 2014 fiscal year with a net loss of $354 million is a sign to all business mailers – postage is going nowhere but up. Revenue from First Class Mail decreased $209 million (2.8% from the same period last year) and operating revenue increased $334 million (1.9% from last year). The factors contributing to this are, of course, the continued migration to electronic communication alternatives. And that should be no surprise as, along with rate increases, the postal requirements also keep changing and growing in complexity, providing another reason to consider diversifying existing statement delivery channels.For credit unions, the paper versus electronic debate will most likely go on for several more years. Members will continue to expect to receive information when they want it and the way they want it—and that includes paper. While the world may be mailing less, the idea of a paperless society is definitely a myth. In a recent study from InfoTrends, a document technology strategy and consulting firm, 66 percent of those surveyed still prefer to receive their business communications via paper— and the survey included 18 – 64 year old participants.In the past two months, I have attended several conferences where much of the discussion focused on the fact that while printed statements are unlikely to go away, there is bound to be a decrease in the number of printed statements we send out due to people choosing to move to electronic delivery. With that decrease, it is the prediction that business mailers will want to use those saved dollars to step up how printed statements are produced and find ways to add more value with full color, images, graphs and more.With the potential full-color documents have for delivering greater marketing options, as well as a documented higher level of customer satisfaction, it makes sense to start asking your document producers what it would take to begin printing account statements in full color. Already the leaders of the printing industry—from service bureaus to big commercial printers—are considering how to produce color to add value and making decisions to invest in equipment that allows for more affordable full-color capabilities. Because it is a proven fact—color delivers value.Color has been shown to improve comprehension and retention by as much as 82 percent, accelerate turnaround, and increase response to new products and services. Research shows that information can be located 70 percent faster if it’s in color.  It makes sense that speeding up the time it takes to locate and understand important information would significantly improve member satisfaction.  Transactional statements also offer the perfect place to add educational messages about your credit union that you want members to pay special attention to and use space available for new promotions you are offering. You can save additional funds by eliminating inserts that are likely to be tossed when opening the envelope, instead placing the information in color right on the statement—once again adding to the value.The bottom line is that color is an essential part of our everyday life and plays a significant role in all of our communications, from television to newspapers to mobile devices to the paper we hold.  The trend toward full color is coming from what we expect to see today and the fact that it creates a more approachable, friendly feeling that has the potential to influence our actions. While you may not be thinking about printing your statements in full color today, you may want to plan for it in the future.  In spite of the push to electronic delivery, there will still be members who like to have their statements in print and will most likely come to expect them in color if that becomes the norm. Color is part of the discussion among leaders in the document industry, as I saw at my recent conferences, means it is a trend on the rise. If your members start expecting color, you will want to be ready to deliver. last_img read more

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How our expressions help others locate threat

first_imgAsian News International:Wide-eyed expressions, which typically signals fear, may enlarge our visual field and mutually enhance others’ ability to locate threats, a new research has claimed.The research – conducted by psychology graduate student Daniel Lee of the University of Toronto with advisor Adam Anderson – suggests that wide-eyed expressions of fear are functional in ways that directly benefit both the person who makes the expression and the person who observes it.The findings of the research show that widened eyes provide a wider visual field that can help us locate potential threats in our environment.These widened eyes also help to send a clearer gaze signal telling observers to “look there,” which may enhance their ability to locate the same threat, as well.Lee said that emotional expressions look the way they do for a reason; they are socially useful now for communicating emotional states, but this new research suggests that they were also useful as raw physical signals.Read the whole story: Asian News International More of our Members in the Media >last_img read more

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In the Adriatic, 45 percent more foreign yachts and boats

first_imgIn the first six months of this year, a total of 21.941 reports of arrival and stay of foreign yachts and boats were recorded in port captaincies and branch offices of port authorities, which is an increase compared to the same period in 2015 by 45,20%, since in the same period last year 15.111 foreign yachts and boats stand out from the Ministry of Maritime Affairs, Transport and Infrastructure.Out of the mentioned 21.941 applications, a total of 6.609 yachts and boats are coming to the Republic of Croatia for the first time, which is an increase of 12,34% and represents the largest increase in the number of first arrivals of sailors in the Republic of Croatia on a semi-annual basis.The remaining 15.332 applications are yachts and boats that sailed on the Adriatic last year, but unlike last year, 66,15% of them started their voyage earlier this year than last year, which is also the main reason for such a significant increase in the total number of applications in the first mid-2016, compared to the same period in 2015.Out of 21.941 applications for yachts, 3.870 applications, which is an increase of 63,77% compared to last year, and 18.071 applications for boats, or 41,76% more than in 2015. The structure of the foreign nautical fleet has not changed significantly compared to previous years, so the German flag vessels are still the most numerous (7.543), followed by yachts and boats from Austria (4.176), Slovenia (2.998), Italy (2.352), and the Czech Republic. ) and vessels from Great Britain and Northern Ireland (800), which also recorded the largest percentage increase in the number of applications of 582% compared to the same period in 87,14.last_img read more

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TTS Secures Contract for Three LNG Carriers

first_imgTTS Group has, through its subsidiary TTS Marine GmbH in Bremen, Germany, signed two contracts for anchor and mooring winches with a total value of NOK 36 million.The contracts mean that even more ships are adopting TTS’ products. The first contract is for three LNG carriers for a Canadian owner.The second contract is for three large container vessels for a German owner.1 Norwegian krone = 0.162779 U.S. dollars[mappress]LNG World News Staff, December 09, 2013last_img

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GSP Shipyard to build tension mooring barges for Aasta Hansteen

first_imgGSP Shipyard has signed an agreement with Norway’s SL Mekaniske, a provider of steel structures for the offshore industry, for the construction of four tension mooring barges for the Aasta Hansteen field development project. The works are part of the of the complete inshore mooring installation system of Statoil’s spar platform Aasta Hansteen that will be installed offshore Norway.As subcontractor of the project, GSP Shipyard will perform the supply, fabrication, test and deliver of four 14,50 m x 20,00 m x 3,00 m tension barges equipped with a system for tensioning and lock off chain. The operations will be performed under the supervision of DNV-GL.The operations under the contract will start in June 2016 and are expected to be completed by the end of October 2016.The Aasta Hansteen spar is currently being built by Hyundai Heavy Industries in South Korea as part of the development of the Aasta Hanster gas field, and will be the first spar in Norwegian waters, with a total hull length of 195 meters.Technip is the general contractor of the engineering, procurement, construction and transportation of the spar hull, the mooring systems as well as the design of the steel catenary risers.The Norwegian company Statoil is the operator of the Aasta Hansteen field development project, and its partners are Wintershall, OMV and ConocoPhillips.last_img read more

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Nationwide signs up to probate protocol

first_imgThe Law Society has this week published a new joint protocol with the Nationwide Building Society to assist in the winding up of estates. The protocol is the first such agreement to be reached with a building society, although similar arrangements are already in place with HSBC and Lloyds TSB. Further discussions are underway with other financial institutions. The protocols aim to assist solicitors in dealing with the different administrative procedures of banks, where they are holding assets which form part of a deceased’s estate. The agreements have been drawn up by the Law Society together with the Society of Trusts and Estates Practitioners. Law Society president Robert Heslett said: ‘These practice protocols are a significant achievement, since managing relationships with banks and building societies has long been a problematic aspect of probate practice.’ He added that ‘regular administrative delays’ when dealing with banks could cause ‘extra costs due to the difficulty in finalising inheritance tax or income tax liability’.last_img read more

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Matthew Rhodes

first_imgMatthew is a sceptic about sustainability as a meaningful economic concept, but he is strongly committed to high quality, efficient construction markets driven by customer needs and based on rewarding companies for delivering value through the complete building life cycle.He established Encraft in 2003 to lead in developing competitive markets for low carbon construction and distributed energy technologies in the UK, and provided the vision behind landmark national projects including Birmingham Energy Savers and the Warwick Wind Trials.Encraft is uniquely positioned as a building physics consultancy, project developer and software business working at the leading edge of market development and low carbon technology deployment with many of the major construction and utility companies.Before establishing Encraft, Matthew worked for a number of global energy companies, and he began his career as a manufacturing engineer. He’s a Fellow of the Institution of Engineering and Technology and regular speaker at national events such as Ecobuild.last_img read more

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Deutsche Bahn retained

first_imgGERMANY: The Hannover, Niedersachsen and Westfalen-Lippe transport authorities have jointly selected incumbent DB Regio to operate Hannover S-Bahn services from December 2012. The contract runs for eight years and covers the operation of around 8·5 million train–km a year on seven routes.Along with Bremen, the authorities have also selected DB Regio to operated RE-Kreuz Bremen services from Norddeich Mole to Bremen and Hannover and between Bremerhaven and Osnabrück. The contract covering 5·9 million train-km a year is being awarded directly and runs for nine years from December 2013.last_img

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Sydney EMU order to cope with growth

first_imgAUSTRALIA: A further build of double-deck EMUs for the Sydney Trains suburban network forms the centrepiece of an A$1·5bn capital investment programme announced by New South Wales Transport Minister Andrew Constance on December 1.Designed to provide ‘an urgent uplift in customer service’, the More Trains, More Services programme is intended to address a forecast 21% growth in ridership over the next five years. ‘We’ve seen average train loads rise significantly, which is starting to impact on customers’ ability to get on a train in peak periods’, Constance explained. The staged programme of enhancements will complement the Sydney Metro Northwest line due to open in 2019.Downer EDI is to supply 24 ‘Waratah-style’ EMUs, similar to the 78 eight-car double-deck sets delivered in 2011-14 by the Downer-led Reliance Rail consortium under a PPP contract. Construction of the 192 vehicles will be outsourced to CRRC Changchun Railway Vehicles which manufactured bodyshells for the original Waratahs. Downer will be responsible for maintaining the extra trains, with an initial contract running for 25 years.According to Downer CEO Grant Fenn, there will be ‘more than 90% commonality’ between the two builds, including all major sub-systems, such as traction equipment, brakes, doors, information systems and air conditioning. The first of the extra trains are expected to enter service in 2018.Other elements in the programme include track, signalling and power upgrades to increase capacity and reliability, particularly on the busy T1 Western Line. A new timetable is to be introduced on this route from late 2017, offering up to 20 trains/h at peak times. Delivery of the extra EMUs will allow the introduction of four extra express services between Sydney and Paramatta in both the morning and afternoon peaks.Constance said competitive tendering of the EMU contract had achieved ‘more than A$300m in savings’ against the initial budget, which would be re-invested in the planned XPT replacement fleet announced in November. He was looking for these trains to be ‘100% built in NSW’ to boost jobs and skills.last_img read more

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Broward College receives $2.2M grant from U.S. Department of Education

first_imgDesignated by the U.S. Department of Education as a Hispanic Serving Institution, Broward College was awarded a $2.2 million Title V grant to strengthen and expand educational opportunities for Hispanic and low-income students.The program provides grants to make college more attainable for Hispanic students, and allows institutions to enhance their academic offerings and program quality by providing opportunities for faculty and curriculum development, academic tutoring and mentoring, and other services.This grant will be used to pilot, evaluate and scale program activities within Broward College’s Business Career pathway, with a specific focus on entry-level courses in accounting, marketing and business administration. Funds will also be used to provide students who may be struggling academically with the specialized support they need to improve their performance and become more engaged with their studies.Broward College is among 96 Hispanic-Serving Institutions (HSIs) who will receive more than $51 million in new awards. An HSI is defined as an eligible institution of higher education that has at least 25 percent Hispanic full-time equivalent undergraduate enrollment at the end of the award year immediately preceding the date of the application.last_img read more

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