ELIZABETHTOWN, Ky. (4/26/11)--Payment solutions provider iPay Technologies has released a white paper on leveraging small-business bill payment as a value-added service. Bill payment is essential to effective cash flow management for every small business, and any financial institution that can help make this task easier and more efficient for a business is a valued partner, according to iPay, a division of Jack Henry and Associations. Specific content presented in “Bill Pay for Small Business is Big Business” includes the market opportunity and relevance for instituting small business-specific online bill pay and implementing a successful business plan to better serve and retain small business customers. There are likely 5.9 million small businesses that are currently ready to adopt online bill pay, according to data released by the U.S. Small Business Administration,. Many small businesses are also willing to change financial institutions to enjoy a business-centric online bill pay suite. Small businesses find value in services that impact tighter cash flow management, more flexible payroll and greater back office efficiencies because it provides them added daily control and convenience, iPay said.
NORTH CANTON, Ohio (4/26/11)--ATM manufacturer Diebold is offering an online resource center to help credit unions comply with the new accessibility standards for ATMs as defined in the Americans with Disabilities Act (ADA). Diebold is a CUNA Strategic Services provider. The U.S. Department of Justice has issued a final ruling on accessibility standards for ATMs under the ADA. New standards include, but are not limited to, voice guidance requirements, Braille signage and input controls for visually-impaired individuals. The final rule was published in the Federal Register on Sept. 15; the 2010 ADA standards took effect March 15, 2011, and have a March 15, 2012, compliance date. During the interim period, an ATM owner must comply with either the 1991 ADA Standards or the 2010 ADA Standards for new construction and alterations, said the North Canton, Ohio-based Diebold. Starting March 15, 2012, ATM owners must comply with the 2010 ADA Standards for new construction and alterations. Diebold recommends that each credit union evaluate its installed base, consults with its legal advisors and develops a compliance plan based on its own ATM deployment strategy, financial position and tolerance for risk.