Impact of Automated Teller Machine on Customer Satisfaction
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
RD Instruction 1902-A
RD Instruction 1902-A PART 1902 - SUPERVISED BANK ACCOUNTS Subpart A – Supervised Bank Accounts of Loan, Grant, and Other Funds TABLE OF CONTENTS Sec. Page 1902.1 General. 1 1902.2 Policies concerning disbursement of funds. 2 1902.3 Procedures to follow in fund disbursement. 3 1902.4 Establishing MFH reserve accounts in a supervised bank account. 3 (a) General requirements. 4 (b) Deposits and account activity statements. 5 1902.5 [Reserved] 5 1902.6 Establishing supervised bank accounts. 5 1902.7 Pledging collateral for deposit of funds in supervised bank accounts. 7 1902.8 Authority to establish and administer supervised bank accounts. 8 1902.9 Deposits. 8 (a) Deposit by Rural Development personnel. 8 (b) Deposits by borrowers. 10 1902.10 Withdrawals. 10 1902.11 Servicing Office records. 12 1902.12 - 1902.13 [Reserved] 12 1902.14 Reconciliation of accounts. 13 1902.15 Closing accounts. 13 1902.16 Request for withdrawals by State Director. 16 1902.17 - 1902.49 [Reserved] 16 1902.50 OMB control number. 16 Exhibit A - [Reserved] Exhibit B - Interest-Bearing Deposit Agreement o0o (10-12-05) SPECIAL PN RD Instruction 1902-A PART 1902 - SUPERVISED BANK ACCOUNTS Subpart A - Supervised Bank Accounts of Loan, Grant, and Other Funds § 1902.1 General. This subpart prescribes the policies and procedures in establishing and using supervised bank accounts, and in placing Multi-Family Housing (MFH) reserve accounts in supervised bank accounts. RD Instruction 2018-D provides the procedures Servicing Officials should follow in ordering loan and grant disbursements. (a) Borrowers as referred to in this instruction include both loan and grant recipients. -
Mobile Banking
Automated teller machine "Cash machine" Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and some security information, such as an expiration date or CVVC (CVV). Security is provided by the customer entering a personal identification number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals (or credit card cash advances) and check their account balances as well as purchasing mobile cell phone prepaid credit. ATMs are known by various other names including automated transaction machine,[1] automated banking machine, money machine, bank machine, cash machine, hole-in-the-wall, cashpoint, Bancomat (in various countries in Europe and Russia), Multibanco (after a registered trade mark, in Portugal), and Any Time Money (in India). Contents • 1 History • 2 Location • 3 Financial networks • 4 Global use • 5 Hardware • 6 Software • 7 Security o 7.1 Physical o 7.2 Transactional secrecy and integrity o 7.3 Customer identity integrity o 7.4 Device operation integrity o 7.5 Customer security o 7.6 Alternative uses • 8 Reliability • 9 Fraud 1 o 9.1 Card fraud • 10 Related devices • 11 See also • 12 References • 13 Books • 14 External links History An old Nixdorf ATM British actor Reg Varney using the world's first ATM in 1967, located at a branch of Barclays Bank, Enfield. -
U.S. V. Connie Moorman Willis
Case 5:17-mj-01008-PRL Document 1 Filed 02/07/17 Page 1 of 14 PageID 1 AO 91 (Rev. 11/11) Criminal Complaint UNITED STATES DISTRICT COURT for the Middle District of Florida United States of America ) v. ) ) CONNIE MOORMAN WILLIS Case No. ) 5: 17-mj-1008-PRL ) ) ) Defendant(s) I CRIMINAL COMPLAINT I i I, 1~he complainant in this case, state that the following is true to the best of my knowledge and belief. On or about the date(s) of Feb. 4, 2011 through Jan. 25, 2016 in the county of Marion in the I Middle District of Florida , the defendant(s) violated: ! j Code Section Offense Description 18 u.s.c. 1 sec. 656 Theft by a Bank Employee 18 U.S.C. Sec. 1341 Mail Fraud Tnis criminal complaint is based on these facts: I I See attached affidavit. I lifl Continued on the attached sheet. Charles Johnsten, U.S. Postal Inspector Printed name and title Sworn to before me and signed in my presence. Date: ~-1 - :lo Ir City and siate: Ocala, Florida Philip R. Lammens, U.S. Magistrate Judge Printed name and title I ! Case 5:17-mj-01008-PRL Document 1 Filed 02/07/17 Page 2 of 14 PageID 2 S'FATE OF FLORIDA CASE NO. 5:17-mj-1008-PRL I IOUNTY OF MARION AFFIDAVIT IN SUPPORT OF A CRIMINAL COMPLAINT I, Charles Johnsten, being duly sworn, state as follows: INTRODUCTION 1. I am a United States Postal Inspector and have been so employed since I obcember 2016. -
Northfield Savings Bank 140 YEARS of HISTORY
Northfield Savings Bank FOUNDED 1867 140 YEARS OF HISTORY Foreword he Northfield Savings Bank is a strong presence in Northfield, Vermont. Its many branches are locatedT throughout the central part of the State and the greater Burlington area, important institutions within their communities. The Bank—and its Flying Pig mascot— are well known throughout Washington, Orange, Windsor, and Chittenden Counties. Unfortunately, much of the Bank’s history is not so visible or well known. A good portion of the Bank’s historical archives, including many photographs, were destroyed in a flood a number of years ago. Although the Bank is obliged to save financial records—its vault contains many dusty ledgers— the history of the Bank as a physical place, and as an employer and presence in the community, is not to be found in these documents. This history is intended to fill some of those gaps. Drawn from a limited amount of archival material and from interviews with Bank officials and community members, its intent is to provide an accurate picture of how the Bank changed—and how it stayed the same—over the years. We apologize for any omissions, glaring or otherwise. Russell J. Belding, August 2007 1 The Bank’s Beginnings he first train of the Vermont Central Railroad chugged proud depot had been nearly emptied of its contents, and The new Bank was located in the Edgerton Block on the through the village of Northfield on October 11, 1848. Northfield’s importance as a regional hub had diminished. south side of the Common, in the corner store of James Cary CharlesT Paine, president of the railroad, lived in town, and, Barrel Thayer. -
(EFT)/Automated Teller Machines (Atms)/Other Electronic Termi
Page 1 of 1 Effective as of 11/23/18 Information About Your Ulster Savings Bank Money Market Account Balance to Open Your Money Market Account must be opened with a minimum deposit of $2,500.00 Balance to Earn Interest If your daily balance is less than $2,500.00, you will earn the Interest Rate and Annual Percentage Yield in effect, as disclosed to you under separate cover, on the entire balance in your account. If your daily balance is $2,500.00 or more you will earn the higher Interest Rate and Annual Percentage Yield in effect, as disclosed to you under separate cover, on the entire balance in your account. Balance to Avoid Fees Your daily balance for every day of the statement cycle period must be at least $2,500.00 to avoid the imposition of a maintenance fee for that period. Variable Rate Features This is a variable rate account. Your Interest Rate and Annual Percentage Yield may change. The Interest Rate is set based on the Bank's discretion and may change at any time at the Bank's discretion. Interest Computation We use the daily balance method to calculate interest on your account. This method applies a periodic rate to the balance in the account each day. Compounding Period Interest compounds on your account daily, using a 365/360 interest factor. Interest Accrual Interest begins to accrue on the business day you deposit non-cash items, such as checks. Although your account may earn interest each day, you may not withdraw the earnings until the end of the interest crediting period (see Payment of Interest). -
Cheque Collection Policy
CHEQUE COLLECTION POLICY JPMORGAN CHASE BANK, N.A., INDIA Reviewed Feb 2020 Version 120195.0 TABLE OF CONTENTS Page Section No. 1 Introduction 3 2 Credit of Local/Outstation/Foreign cheques 4 3 Time Frame for Collection of Local/Outstation/Foreign Cheques 7 4 Interest Payment for Delayed Collection 9 Feb 2020 Section 1 - Introduction: JPMorgan Chase Bank, N.A., a scheduled commercial bank under the Reserve Bank of India Act, 1934 acting through its branches in India (hereinafter referred to as “JPMCB India”), currently offers commercial banking products and services only to the corporate segment i.e., multi-national corporates as well as local Indian companies. As of now, JPMCB India does not have a retail presence and hence no retail transactions for individuals are undertaken. JPMCB India is a direct member of the local clearing houses where it has its own branches as well as RBI’s electronic payment platforms i.e., RTGS and NEFT. As a part of its transaction banking services JPMCB India provides its corporate customers, the facility to deposit local and outstation cheques for clearing. JPMCB India’s Cheque Collection Policy has been prepared in compliance with RBI circulars issued with respect to collection of cheques, namely, DBOD.No.Leg.BC.55/ 09.07.005/2004-05 November 1, 2004 and DPSS.CO.No.453/03.05.06/2007-08 September 17, 2007. For the sake of clarity, these have been quoted wherever necessary, throughout this policy document. Under this policy, prepaid instruments like Payorders, Demand Drafts, Interest / Dividend warrants shall be treated on par with cheques. -
Treasury Management Terms and Conditions
Effective April 1, 2021 Treasury Management Terms and Conditions Contents I. INTRODUCTION ................................................................................................................................................... 1 II. ONLINE AND MOBILE BANKING .......................................................................................................................... 1 II.A. Enrolling in Treasury Prime and Treasury Express Online and Mobile Banking ....................................................... 1 II.B. Security and User Responsibility for Online and Mobile Banking ........................................................................... 1 II.C. Access Requirements ............................................................................................................................................ 3 II.D. Conditions and Limitations of Treasury Prime and Treasury Express Services ....................................................... 3 II.E. Electronic Statements (eStatements) and Notices ................................................................................................ 4 II.F Third Party Services .............................................................................................................................................. 4 III. TREASURY PRIME TREASURY SERVICES ............................................................................................................. 5 III.A. Available Treasury Prime Services ........................................................................................................................ -
World Bank: Roadmap for a Sustainable Financial System
A UN ENVIRONMENT – WORLD BANK GROUP INITIATIVE Public Disclosure Authorized ROADMAP FOR A SUSTAINABLE FINANCIAL SYSTEM Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized NOVEMBER 2017 UN Environment The United Nations Environment Programme is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment. In January 2014, UN Environment launched the Inquiry into the Design of a Sustainable Financial System to advance policy options to deliver a step change in the financial system’s effectiveness in mobilizing capital towards a green and inclusive economy – in other words, sustainable development. This report is the third annual global report by the UN Environment Inquiry. The first two editions of ‘The Financial System We Need’ are available at: www.unep.org/inquiry and www.unepinquiry.org. For more information, please contact Mahenau Agha, Director of Outreach ([email protected]), Nick Robins, Co-director ([email protected]) and Simon Zadek, Co-director ([email protected]). The World Bank Group The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. Established in 1944, the World Bank Group is headquartered in Washington, D.C. More information is available from Samuel Munzele Maimbo, Practice Manager, Finance & Markets Global Practice ([email protected]) and Peer Stein, Global Head of Climate Finance, Financial Institutions Group ([email protected]). -
(Automated Teller Machine) and Debit Cards Is Rising. ATM Cards Have A
Consumer Decision Making Contest 2001-2002 Study Guide ATM/Debit Cards The popularity of ATM (automated teller machine) and debit cards is rising. ATM cards have a longer history than debit cards, but the National Consumers League estimates that two-thirds of American households are likely to have debit cards by the end of 2000. It is expected that debit cards will rival cash and checks as a form of payment. In the future, “smart cards” with embedded computer chips may replace ATM, debit and credit cards. Single-purpose smart cards can be used for one purpose, like making a phone call, or riding mass transit. The smart card keeps track of how much value is left on your card. Other smart cards have multiple functions - serve as an ATM card, a debit card, a credit card and an electronic cash card. While this Study Guide will not discuss smart cards, they are on the horizon. Future consumers who understand how to select and use ATM and debit cards will know how to evaluate the features and costs of smart cards. ATM and Debit Cards and How They Work Electronic banking transactions are now a part of the American landscape. ATM cards and debit cards play a major role in these transactions. While ATM cards allow us to withdraw cash to meet our needs, debit cards allow us to by-pass the use of cash in point-of-sale (POS) purchases. Debit cards can also be used to withdraw cash from ATM machines. Both types of plastic cards are tied to a basic transaction account, either a checking account or a savings account. -
Personal Deposit Account Agreement and Schedule of Fees Effective
Personal Deposit Account Agreement and Schedule of Fees Effective: September 15, 2021 TABLE OF CONTENTS AGREEMENT FOR YOUR ACCOUNT ..................................................................................... 5 Account Funding .................................................................................................................................................................. 5 Changes to This Agreement ................................................................................................................................................ 5 Closing an Account .............................................................................................................................................................. 5 Compliance with Laws and Regulations .............................................................................................................................. 5 Financial Information ........................................................................................................................................................... 6 General Use of Credit File Information ................................................................................................................................ 6 Governing Law .................................................................................................................................................................... 6 Information You Give Us .................................................................................................................................................... -
Pension-System Typology
ISBN 92-64-01871-9 Pensions at a Glance Public Policies across OECD Countries © OECD 2005 PART I Chapter 1 Pension-system Typology PENSIONS AT A GLANCE – ISBN 92-64-01871-9 – © OECD 2005 21 I.1. PENSION-SYSTEM TYPOLOGY There have been numerous typologies of retirement-income systems. The terminology used in these categorisations has become very confusing. Perhaps the most commonly- used typology is the World Bank’s “three-pillar” classification (World Bank, 1994), between “a publicly managed system with mandatory participation and the limited goal of reducing poverty among the old [first pillar]; a privately managed mandatory savings system [second pillar]; and voluntary savings [third pillar]”. But this is a prescriptive rather than a descriptive typology. Subsequent analysts have allocated all public pension programmes to the first pillar. This has included earnings-related public schemes, which certainly do not meet the original definition of the first pillar. The most recent addition is the concept of a “zero pillar”, comprising non-contributory schemes aimed at alleviating poverty among older people. But this is rather closer to the original description of a first pillar. The OECD has developed a taxonomy that avoids the concept of pillars altogether. It aims, instead, for a global classification for pension plans, pension funds and pension entities that is descriptive and consistent over a range of countries with different retirement-income systems (OECD, 2004). The approach adopted here follows this line. It is based on the role and objective of each part of the pension system. The framework has two mandatory tiers: a redistributive part and an insurance part. -
Personal On-Line Payments
Kenneth N. Kuttner and James J. McAndrews Personal On-Line Payments • Personal on-line payment systems— he rapid growth of e-commerce and the Internet has led to Internet-based systems for making small retail Tthe development of new payment mechanisms capable payments—have recently emerged as an of tapping the Internet’s unique potential for speed and alternative to cash, checks, and credit cards. convenience. A recent and especially successful example of such a development is the personal on-line payment: • All these systems use the web to convey a mechanism that uses web and e-mail technologies to 1 payment information, but they differ in the facilitate transfers between individuals. type of accounts they access: In proprietary In a typical transaction of this type, the payer accesses the account systems, funds are transferred payment provider’s web site to initiate a funds transfer. The between special-purpose accounts payer enters information about the transfer along with maintained by a nonbank provider; in bank- payment delivery instructions. Notification of the transfer is sent to the payee by e-mail; confirmation by the payee also account-based systems, funds are transferred occurs via e-mail. The payment provider’s computer then between demand deposit accounts at banks. transfers the funds. The first on-line payment systems were created by dot-com Increased acceptance of this payment • start-ups in 1999, and their usefulness quickly became method will depend on effective risk control apparent in on-line auctions. These systems grew out of the and improved settlement arrangements limitations of retail payment instruments in meeting the needs among nonbank providers, a group that of auction participants.