Dan Fisher
Dan Fisher

With over 35 years in the financial industry, Dan M. Fisher has proven himself as a leader in the financial industry holding roles as the former director of the Federal Reserve Bank of Minneapolis and former Chairman of the ABA Payment Committee.

Living in “alternate internet universe” is not luxury that community banks have

Most community banks will say, today, that they are “online.” Are they, really? Something you’d better get is that nobody cuts you any slack online because you are a community bank.

Websites: all about customer connection

In the simplest terms, “being online” means possessing a contemporary and comprehensive internet usage strategy with the central theme of engaging and connecting with current and prospective customers.

Having a webpage, mobile banking, and billpay are not enough.

There is more—a lot more—and the first mistake banks make when they attempt to exploit the internet is ignoring the need to “mobile optimize” your website.

That’s right, a website that is not mobile optimized can become a terrible experience for your current and prospective customers.

Who are you trying to reach?

Interesting fact … by one count, 68% of Americans own a smartphone—43.5% of those smartphones are iPhones—and if you have not optimized your website, you are already out of the game!

Now you are laughing to yourself because you are thinking, “What do I care about the national population? Big deal!”

Okay, I’ll respond with a little story.

Our daughter is in college. On a recent trip as we were waiting to catch our flight I asked her to count how many cell phones were being used in the waiting area, and then tell me how many were iPhones. She came back and reported that 75% of the cell phone users in the waiting area had iPhones!

We had a three-airport trip, so she continued to count as we moved through airports on the way to our final destination. The proportion of iPhones hit a low of 65% and a high of 80%. She was amazed how popular the iPhone really was even though the survey group was not scientific.

Apple devices are popular, and the iPhone is the most! No duh … right?

More importantly, these are customers that who have a hard time connecting with you if you have not mobile optimized your website.

Chances are, if an iPhone user—or any mobile phone user, for that matter—did a browser search and your regular website was the only thing they could see, you would not get a second look! Period!

That’s using the internet for ya!

Back to my question…

So, what does being online mean?

It means taking time to understand the medium and getting serious about getting it right.

Because if you don’t the internet will be blind to you!

A strategic vision that can’t see a thing is not much of a vision!

—The Wombat!

Dan Fisher
Dan Fisher

With over 35 years in the financial industry, Dan M. Fisher has proven himself as a leader in the financial industry holding roles as the former director of the Federal Reserve Bank of Minneapolis and former Chairman of the ABA Payment Committee.

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The Copper River Group is a financial consulting firm that believes in the benefits technological advancement has for streamlining business.

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