My wife Samantha was coming out to Oklahoma City for some R&R, and I wanted to book an aerial yoga session for her. She is a certified aerial yoga instructor, and so I was online looking for a class that would be suitable for her skill level. There were about a dozen options from the […]
Tag Archives: attitude
Don’t Inadvertently Limit Innovation
I asked 16 payments executives to draw a vase. Let me explain… I have been facilitating strategic planning for 20 years for one organization, PaymentsFirst. P1st is a nonprofit payments association headquartered in Atlanta, and serves financial institutions and corporations in South Carolina, Georgia, Alabama, and Tennessee. Their executives are some of the most well-respected […]
Being Strategic by Improving the Customer Experience
The issue of how you can improve the customer experience cannot be adequately covered in a few hundred words. Let me give two examples, one dealing with the digital / online experience and one dealing with the physical branch. If you are like most FIs, you have multiple online banking systems. Typically, you would have […]
“What are you doing” – A Continued View on Perspective
It may be a coincidence, but I seem to be on a bit of a perspective kick. While in church on Mother’s Day Sunday, our associate pastor told a story about Christopher Wren, the architect of St. Paul’s Cathedral in London. One day, as Christopher was making his rounds examining the work he had laid […]
Don’t Ruin a Great Experience!
Don’t you hate when you’re having an amazing digital experience with a vendor, and they ruin it? Here’s the story. After a successful series of meetings in Atlanta, I returned my Hertz rental car and headed for the terminal. I really love the convenience of the email receipt—no waiting around for an associate with 20 […]
Plan Ahead to Avoid Bone-Head Moments
As part of attending the FinTechSouth conference at the Mercedes Stadium in Atlanta, GA, I was asked to participate in a short video interview with Titania Jordan. Titania has a popular online channel called CONNECT, and along with her associates from 3Ci, she was interviewing numerous payment professionals in town for this show. FinTechSouth is […]
Change in Perspective Reveals New Insight
Something fun I get to do with my wife Samantha is go to the west coast of Florida and just chill out. We like the area of Bald Point and Alligator Point near the town of Panacea. We keep a small fishing boat at the marina in Panacea so we can have a down-and-back trip […]
Why Banking is Failing at Cross-Selling Fee Services
I recently read an article from The Financial Brand outlining the problems financial institutions have in cross-selling services with associated fees. The article compares data from Amazon Prime sales to the lack of success FIs have had in selling fee-based services. They found, even when Amazon raised the price for the Prime service, subscribership increased. […]
Efficiency Doesn’t Mean Someone Gets Fired …
Once again, my perusal of PYMNTS.com yielded a great story. The story highlights the changes retailers have experienced throughout the use of self-service. The early assumption for self-service was it would reduce headcount and be a money saver. However, that turned out to be untrue. Instead of merely letting those performing transactional services (i.e. check-out) […]
Think It’s Easy to be an FI? Think Again …
During my daily review and read routine, I always check out PYMNTS.com, as I find their articles relevant and well written. Here is a story from their December 21st feed. This article highlights the plight of an internet-only entity posing as a financial institution called Robinhood, and the issue of deposit insurance. As I have […]