Academic journal article ABA Banking Journal

Newsletter

Academic journal article ABA Banking Journal

Newsletter

Article excerpt

Plastic evolution

One of ABA's major gatherings is the annual Bank Card Conference, slated this year for Sept. 13-16 at Philadelphia's Pennsylvania Convention Center. With a keynote address by Charles M. Cawley, chairman and CEO of MBNA America Bank and a titan of the card industry, the conference will focus on the plastic evolution that is moving beyond the payments threshold to new horizons.

With more than 2,000 expected to attend, the conference will include sessions on marketing, risk management, electronic commerce, merchant/acquirer issues, smart cards, debit cards, and corporate payment systems.

For more information or to register, call ABA Customer Service at 1-800-338-0626.

ABA insurance sets new records

The ABA-sponsored insurance program- American Bankers Professional and Fidelity Insurance Company (ABPFIC)-racked up impressive new growth and continued superior financial results last year.

With $5.8 million in profits and a record 1,375 member banks at yearend 1997, the company shared $4 million in underwriting profits in the form of distributions to member banks. ABPFIC is a mutual reinsurance firm that provides director & officer, blanket bond, and related coverages to member institutions.

Since 1991, ABPFIC has paid out $22.2 million in member distributions of underwriting profits, as well as providing essential coverages and a presence that helps to stabilize the insurance markets for special bank coverage. The program is managed by Progressive Casualty Insurance in Highland Heights, Ohio.

For more information, call Progressive at 1-800-274-5222.

Advice on bad-check fees

A recent wave of criticism of banks' bad-check fees offers the reminder that such fees are easily misunderstood-yet a realistic explanation can reduce consumer resentment. …

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