How to Gamify Financial Literacy and Education for Youths
Financial education and literacy are problems that face most adults. And while it’s certainly important to teach them to better manage their money, why not start that education sooner? Teaching basic financial literacy to kids and teenagers ushers better prepared adults into the world.
SBA Loan Forgiveness: Eligibility Requirements and the Good Faith Certification
Paycheck Protection Program (PPP) loans aren’t a blank check. They can be used only for certain expenses like payroll, mortgage/rent, and other basic needs. And without following proper steps, they can’t be forgiven.
Comparing Epik and POTS IN A BOX for Credit Unions
Copper telecom will soon disappear, so upgrading to digital infrastructure is a must. There are many options for organizations looking to make that transition. One of the most cost-effective solutions is to simply convert Plain Old Telephone Service (POTS) to digital with a device like Epik or POTS IN A BOX…
Should Credit Unions Outsource Statements and Notices During COVID-19?
COVID-19 took North America by storm, and the U.S. is the heaviest hit in the world. To combat the spread of the coronavirus, many credit unions are encouraging remote work. Some have closed branches entirely.
The Best Way to Convert POTS to VoIP
In the next couple of years, AT&T and Verizon plan to begin sunsetting their analog telephone service. They’ll support only digital communications, and fiber will replace copper. This affects far more than a few rural, residential landlines, too. This change is a big one, and it has longstanding implications for major organizations like credit unions. […]
CU 2.0 Podcast Episode 83 Ron Shevlin, Again, on How to Win in Financial Services
Who will win: community banks or credit unions? War on. A keen observer is Ron Shevlin, diretor of research at Cornerstone Advisors and author of a new report, What’s Going on in Banking 2020. It’s a data rich report. Download it, read it. Shevlin was an early guest on the CU2.0 Podcast – Episode 21 […]
Replacement Strategies for Copper Telephone Service (POTS Sunset)
In 2017, the FCC gave the go-ahead to telecom providers to sunset their Plain Old Telephone Service (POTS) lines. In many states, the change has already begun. In others, the retirement of copper lines is just around the corner. AT&T and Verizon have plans to discontinue support for POTS lines across much of the country […]
The Truth About 99.999% Telephone Uptime
Most major telecom providers strive for high availability on their lines. They know that businesses require open communications lines to succeed. Any downtime at all could result in dissatisfied consumers or loss of revenue. So, they offer 99.999% uptime. Especially now, with COVID-19 spreading across the country, people need reliable phone service. Conference calls on […]
CU 2.0 Podcast Episode 82 Jon Ogden MX on the Future of Banking
Does your credit union have a future? There’s the blunt question. Welcome to the CU2.0 Podcast with your host Robert McGarvey. Today’s guest Jon Ogden, head of strategic content at digital firm MX which has recently released two provocative reports, The Ultimate Guide to the Future of Banking and the Ultimate Guide to Digital Transformation. Read them, they […]
Copper Lines (POTS) May Soon Go Extinct
Here’s something you may not have known: copper telephone lines are going extinct. In fact, top U.S. carriers like AT&T and Verizon have already outlined plans to discontinue copper landline service in nearly half of the U.S. And those plans were approved in 2017. The reality is that copper lines are expensive to install and […]