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On the average, banks charge $20.22 for an NSF check. Credit unions charge $16.38. NACU, as reported in American Banker, 9/28/01, p3

"Community banks can now buy OFAC filtering software for $600 to $2,000." The American Banker, 9/29/01, p9

54% of low-income Americans, (those making less than $20,000 a year), do not have credit cards. 32% of Americans under the age of 30, and 26% of those age 65 or older do not have a credit card. Gallup survey: Bankrate, Oct 16, 2001

Online banking by small companies with revenues of under $10 million has grown by 50% since 1999. However, just 11% of small companies (approximately 238,000) bank online. Informa Research Services Inc. of Calabasas, California, October, 2001

Chargeoffs of securitized receivables is expected to spike between 7% and 8.4% through 2002. Standard & Poor, Credit Card Group, Oct. 9, 2001

The U.S. Mint reports it will have produced 24 billion coins by the end of 2001. It has scheduled only 15 billion coins to be produced in 2002. FOX News Network, 10/26/2001

A combination of employee theft, shoplifting, vendor fraud, and administrative error cost the nation's retailers $32.3 billion last year - larger than motor vehicle theft, bank robbery, or household burglary combined, much more than the financial industry, and not including check and credit card fraud. In 2000, retailers lost 1.75% of their total annual sales to these losses, up from 1.69% in 1999. National Retail Security Survey, Univ. of Florida, Nov. 26, 2001

Taking a cue from the banking industry, retailers are installing digital video surveillance, anti-shoplifting systems, point of sale monitoring solutions, and remote and central station monitoring to combat the $14.9 billion employee theft costs and the $10 billion shoplifting losses. ational Retail Security Survey, Univ. of Florida, Nov. 26, 2001

Copyright © 2001 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 11, No. 12, 12/01

First published on 12/01/2001

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