Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts

Thursday, December 18, 2008

New Banking Tech for the Deaf


In Texas, new technology will make banking easier for people who are deaf. Video relay interpreting (VRI) in American Sign Language (ASL) is now available at Frost Bank at 16 locations in Austin, San Antonio and the Rio Grande Valley. The ASL translation service is conducted via videoconference with a personal banker in a private conference room. Deaf Link provides the service and interpreters, and Frost plans to expand to other banking locations throughout the state. VRI is an important move for helping deaf banking customers make significant financial decisions in their native language, without having to lip-read or use written notes. While the Americans with Disabilities Act doesn't require banks to provide sign-language interpreters, they usually will if asked -- but it can take days for one to become available and costs about $100 an hour. (The bank pays.) VRI is a much better solution. It's free to use, and the service is available 24/7. However, that doesn't mean bankers' hours will improve anytime soon. Watch a Fox News clip about the new service.

Tuesday, October 21, 2008

Making Moolah More Accessible


Many years before spearheading a $700 billion package to rescue Wall Street banks despite cries from exasperated Americans who didn’t like where their hard-earned money was going, U.S. Treasury Secretary Henry Paulson found himself in hot water with another group of irate Americans -- 10 million to be exact -- who didn’t like how their money looked or felt. Mr. Paulson was sued in 2002 by the American Council of the Blind (ACB) on behalf of blind and visually impaired Americans, who said the Treasury was being discriminatory by failing to make U.S. currency accessible. According to the ruling, blind and visually impaired people must rely on the “kindness of strangers” for help reading their money, or else use an electronic bill reader to identify and speak the dollar denomination. In a landmark ruling in May 2008, the U.S. Court of Appeals said the Treasury Dept. must make U.S. currency accessible to blind and visually impaired Americans under the Rehabilitation Act of 1973 -- as soon as possible. Which means in about five to eight years, or whenever the next bill redesign begins. I’m a big believer in assistive technology, and relying on the "kindness of strangers” isn’t very high-tech. Nor is the the “origami” solution, where the blind person folds their currency into different shapes and sizes in order to identify it. Many blind people do use bill-reading machines, such as the Note Teller 2 from Brytech, which costs about $300 and is the size of an iPhone. However, these machines have an 80 percent accuracy rate, and require the user to enter the bills properly. Like vending machines, a bill reader will reject bills that are too old or wrinkled. There is also a peripheral issue, here: Some people I know, my 64-year-old father included, have trouble reading smaller print and won’t carry anything larger than a $20 bill out of fear of tipping the waiter too much. Tactile feedback would be very helpful to our country's aging population. More than 100 countries already have systems of currency where a blind person can pick up a bill and know right away what denomination it is. For instance: the euro, the Japanese Yen, the Swiss Franc, the Canadian dollar, as well as Australian, Argentinean, Chinese, English and Israeli currencies. The Bank of Canada even provides free electronic bill readers to those who need them. It has been suggested that blind people should use their credit or debit card instead of paper money. A credit/debit card could work, if it weren’t for some glaring barriers, the largest being that credit-card users are charged interest for purchases. And debit cards require entering a personal identification number (PIN) at the point-of-sale on a screen that offers no tactile or audio feedback. So while the blind person is relying on the "kindness of strangers" he's putting his bank account at risk, too. Banks like Bank of America have been doing a great job at making their ATMs accessible for the blind through the use of audio features and a headphone. Now let’s make sure that the money that comes out of them is, too.