Recent Articles

Past News Releases

Strategic Resource Management Adds Phillip Foster II to the Team

SRM is pleased to welcome Phillip Foster, VP to our client relationships team.
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SRM in Growth Mode Entering its 25th Year in Business

Financial institutions relying more on contract expertise to secure better business relationships in increasingly competitive market
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Strategic Resource Management Adds Brent Lapp to the Team

SRM is pleased to welcome Brent Lapp, SVP to our business development team.
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Save Big This Budget Season: 5 Questions to Ask

Budgeting and planning season is a time for evaluating priorities and costs. It should also be a time for reviewing vendor contracts.
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Payments and the Underbanked: The Importance of Reaching Millennials

According to the Federal Deposit Insurance Corporation, approximately 27 percent of all American households are unbanked or underbanked – that’s 50 million individuals.
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Strategic Resource Management Adds Joseph Romanello to the Team

Strategic Resource Management (SRM) welcomes Joseph M. Romanello to the SRM team as Senior Vice President.
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Finding Additional Revenue Sources in the Nation’s Underbanked

According to the Federal Deposit Insurance Corporation, approximately 27 percent of all American households are unbanked or underbanked – that’s 50 million individuals.
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Effectively Manage Vendor Contracts During a Merger or Acquisition

In today’s economic climate, mergers and consolidations of financial institutions are fairly common. Anyone who has been involved in one knows it is a time of opportunity and critical decisions.
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Enhancing Profitability to Prepare for New Capital Rules

According to new National Credit Union Administration rules, before 2019, many credit unions will need to significantly increase their capital to adequate levels.
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The 7 Most Expensive Vendor Management Mistakes

Financial institutions are full of smart professionals—straight shooters who know how to judge character and structure a deal. But even the wisest among them overlook savings opportunities when dealing with third-party vendors.
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Embracing a Regulatory Expectation That Actually Saves Money

When it comes to third party management, cyber security and data protection get top billing.
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Lights, Camera, Corporate Selfie?

Videos are becoming a critical part of the online identities for many companies.
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NAFCU Services Partners with Strategic Resource Management

NAFCU Services Corporation has selected Strategic Resource Management (SRM), a proven leader in the bottom line enhancement industry, as the preferred partner for vendor cost benchmarking and contract negotiation services.
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New Jersey Bankers Association Has A New Partner

Strategic Resource Management, Inc. (SRM) is pleased to announce its Endorsed Service Provider partnership with the New Jersey Bankers Association.
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EMV is Here - Are You Ready?

If you have been living under a rock the past few years (or perhaps hiding out on an island somewhere), EMV stands for Europay, MasterCard and VISA. It's the global standard for the inter-operation of credit/debit chip cards", point of sale (POS) terminals, and automated teller machines (ATMs).
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ECUC Has A New Partner

Strategic Resource Management, Inc. (SRM) is pleased to partner with ECUC and its member credit unions through the new Business Partners Program.
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With Changing Mortgage Market, Examine Vendor Contracts to Recoup Lost Fee Income

Recently released Q2 results for nation-wide credit union performance show that credit unions are continuing to experience reduced fee income, due to less activity in mortgage refinancing and the slowdown of first mortgage lending.
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SRM Sees Continued Card Portfolio Income Opportunities for Banks & Credit Unions

Following Record Fee Increases for Clients in 2013, SRM Sees Trend Continuing in 2014
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Strategic Resource Management Adds Member to Board of Advisors

Strategic Resource Management (SRM) today announced it has welcomed Esther Geppert as a new member of its board of advisors.
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With Changing Mortgage Market, Examine Vendor Contracts to Recoup Lost Fee Income

With the changing trends in the mortgage market – including reduced fee income, due to slowed home re-financing – credit union executives are looking at less activity and revenue in areas that have typically been reliable in recent years.
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Good News for Banks Looking to Minimize the Impact of the Durbin Amendment

If you are looking for ways to minimize the impact of the Durbin Amendment, we have good news. SRM offers a proven solution to maximize debit card income and measurably improve the bottom line in your debit card portfolio.
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Current Economy Reveals Strong Negotiating Hand

When the late Victor Kiam declared in a television commercial that he liked Remington shavers so much that he bought the company, the legendary businessman was being a little disingenuous.
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Looming CFPB Overdraft Rules Could Hit Some Banks Hard

Since 2010, consumers who walked into any bank to open a checking account got the choice of whether to opt in to overdraft coverage on debit card purchases.
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NAFCU: FED CONCLUSION ON INTERCHANGE IS OFF-BASE

NAFCU has issued a statement saying it disagrees with a recent Federal Reserve report’s findings that the exemption for small debit card issuers from interchange fee standards is working as designed.
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Past Articles

Reaction Mixed to Proposed Changes to Dodd-Frank

As the clock ticks on passage of the government spending bill, reaction has varied widely on a provision that was added to revise the Dodd-Frank financial reform act. At issue is the “swaps pushout rule,” which has yet to take effect.
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Two ATM Giants Renew Surcharge - Free Deal

Point-of-sale network CU24 and Allpoint, a national ATM network, have extended an agreement to continue offering access to the more than 55,000 surcharge-free ATMs through CU24.
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Credit Unions Rev Up EMV Migration

With the liability for card fraud set to switch in one year to financial institutions and merchants that aren't ready for EMV, many credit unions are scrambling to transition from slide-and-sign to pin-and-chip.
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The Year of Payments Chaos: Onsite Coverage

On day two of the sprawling Money20/20 conference at the Aria Resort here, speakers waded into many of the era’s hot button topics including interchange to bank branch reinvention, tokenization and card not present fees.
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CNP Fraud Rapidly Rising Irrespective of EMV Adoption

As the United States looks to implement EMV, Javelin examined the United Kingdom EMV market as a looking glass into the future U. S. market. While the rapid proliferation of EMV adoption in the UK produced a significant drop in POS fraud, it did not address where card fraud is most problematic—e-commerce and m-commerce. Javelin Strategy & Research’s report, Fixing CNP Fraud: Solutions for a Pre-and Post-EMV U.S. Marketwarns that online card fraud will rapidly increase despite and irrespective of the US transition to EMV.
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The Countdown to EMV: A New eBook from Pymnts.com

This month marks the one-year benchmark before the EMV liability shift takes effect, changing nearly every part of the payments ecosystem from issuers and merchants to consumers and payments networks. Compiled into an easily readable eBook, industry leaders provide their perspective, best practices, learnings from other markets, and insights on preparing for the impending Chip and PIN and digital future.
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Smart Card Alliance Supports Federal Government’s BuySecure Initiative

The Smart Card Alliance applauds the Obama Administration BuySecure Initiative’s aim to secure payments with EMV chip technology and is calling for smart card technology to also be included in plans to strongly authenticate citizens accessing sensitive government data online.
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Vendor Management for Financial Institutions

Vendor Management is one a regulatory hot-button - a key focus of examinations.
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Third Party Vendors Under the Microscope

As the financial services industry continues to strive for efficiency, financial institutions, both deposit and non-deposit taking, are increasingly relying on third parties to perform banking or product functions that are either new to the industry or had traditionally been performed by the institutions themselves.
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Managing Third-Party Vendor Compliance Under the CFPB

Although a majority of the rules under the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) have yet to be finalized, regulators are clear about their stance on consumer protection and third-party vendor relationships.
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Vendor Information Management

In recent times, increased outsourcing and heightened regulatory concern has generated a need for financial institutions to carefully manage and evealuate their relationships with vendors of all shapes and sizes.
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