Activating payments data is the key to unlocking deeper member relationships

first_img This post is currently collecting data… “If payments are the path to growth; data is your roadmap,” Nish Modi (CO-OP SVP, Group Owner, Integrate Products) told credit union professionals at our recent THINK Virtual Power Lunch, entitled “A Whole New Way to Utilize Data.”As member interactions become fewer and far between, due in part to the disaggregation of financial services as well as the acceleration of digital banking brought on by the COVD-19 pandemic, payments data has become one of the most valuable assets to a credit union. Analyzing and activating your payments data can not only drive interchange revenue and growth but also enable you to understand what your members need now and anticipate what they will need in the future.For example, a look at CO-OP Credit and Debit portfolio spend through the first six months of COVID-19 reveals the rollercoaster financial impact many members have felt from the pandemic.Overall spending volume declines, shifts from credit to debit back to credit, major spikes in essentials spending mixed with compression in popular categories like travel and entertainment – payments data reveal deeper insights about the lifestyles of members, which can be used to help support their financial wellness. This is placeholder text continue reading »center_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

‘Small-small Stealing Leads to Death’

first_imgScores of teenagers and parents (or guardians) in the Borough of New Kru Town were warned that “small-small stealing leads to death.”The notion of “death” caught their attention, given that most of them have visual recollections of the many episodes of mob violence against rogues (thieves) which has usually resulted in death; not to mention the deaths of several young men who have been electrocuted while trying to illegally connect people to the Liberia Electricity Corporation (LEC) power grid, all over Bushrod Island, Monrovia. However, there were sighs of relief and exchange of glances amongst them when they were also told, “If you do not want to die, stop stealing.” The Acting Coordinator for the Justice Ministry’s Child Justice Section (CJS), Ms. Tomah Kennedy added, “stealing means taking another person’s property (anything) without permission or legal right and without intending to return it.” “When you steal, you can die from the beating or by going to jail,” Madam Kennedy said.The children and parents were also challenged to stand up against juvenile delinquency by staying in school, saying no to drugs, alcohol, and violence. She gave admonition over the weekend at the New Kru Town Hall during a program marking a one-day ‘Juvenile Delinquency Prevention Dialogue’ with serious emphasis against theft in the community.The keynote speaker, Edwin Folley McGill, said parents should provide counseling for their children against bad habits, which include stealing, violence, among others. Mr. Mcgill is the Acting Assistant Minister for the Bureau of Corrections and Rehabilitation at the Ministry of Justice. He said young people must be responsible and avoid unlawful acts that would deny them their rightful place as useful citizens.Minister Folley informed the gathering that his responsibility at the Ministry is to jail people, including young people, who come into conflict with the law, and also provide correction and rehabilitation.He stressed that young people can avoid going to prison when they stop stealing, engaging into violence, doing drugs and also committing crimes in and outside of their communities.The juvenile delinquency prevention campaign is organized by the CJS with support from UNICEF.New Kru Town, a slum community, is one of the high-risk communities for juvenile crime. Minutes after the end of the dialogue, several young participants expressed gratitude to the Child Justice Section and the UNICEF for the dialogue and promised to spread the message. Several young people won prizes for their active participation during the dialogue, which was also marked by drama performances from the Ministry of Justice Peer Educators. In an interview with Madam Kennedy, she disclosed that the ultimate goal is to stop children from getting into conflict with the law.She informed the Daily Observer that CJS is expected to move to another community. She added since the establishment of the Child Justice Section in 2010, the CJS has made progress in helping juveniles in the various prisons in the country.Madam Kennedy disclosed that similar initiative was held in Bong County early this year where over 350 young people benefited.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Harold, Vasconcellas take top honours in race-walking event

first_imgNational race walker Debidyal Harold outclassed a large and competitive field on Sunday last when the Cavaliers Sports and Tour Club and the Guyana Hemp Industries joined forces to stage their Pre-Emancipation Day 10K race walk around the outer circuit of the East Ruimveldt Community Centre.In the senior division of the race, Harold showcased his prowess to convincingly take the first in the competition. Minutes later, Anton Vasconcellas strolled in second while Anthony Vasconcellas, Jerry Bernett and Joshua Abel occupied the third to fifth positions respectively.Aaron Vasconcellas won the junior category ahead of Crystal O’Brien, Ezekiel Coates, and Darrel O’Brien in that order.The enticing prizes for the event were donated by Prime Minister Moses Nagamootoo and Bedessee Import Inc USA Chief Executive Officer (CEO) and Guyana Hemp Industries Chairman Verman Bedessee.Cavaliers Sports and Tour Club Coordinator Jennifer Major said that the Club was making every effort to keep the sport sector booming despite the lack of sponsorship. Additionally, she took the time to point out that the Club was currently looking ahead to support the growth of the sport in Guyana.During the presentation ceremony, a message from CEO Bedessee disclosed that he was indeed happy to contribute to the event once again. The CEO also indicated that he was fixed on supporting race-walking events in the future, since the sport could play a key role in the healthy development of Guyanese.last_img read more