financial services

Site debuts financial-personality test

Posted 6/4/13

EL SEGUNDO, Calif. – The personal-finance site has developed a financial-personality test based on the principles of the Myers-Briggs test used to understand people’s personalities and preferences, according to a press release.

“We as human beings love to analyze ourselves and figure out why it is we do the things we do,” said Managing Editor Casey Bond. “I recently took an abridged version of the Myers-Briggs test online and was intrigued by the results, which then led me to create our own financial personality assessment and help others identify their money management styles.”

The financial personality test was developed with input from experts in finance and behavioral psychology to identify the four prevailing personality “dichotomies,” the driving concept behind the Myers-Briggs test, and the characteristics associated with each.

Financial personality types are divided into four dichotomies: Debtor / Saver, Aggressive / Conservative, Planning / Impulsive and Giving / Hoarder.

“My hope is that by creating a similar, finance-focused personality assessment, we can begin a conversation about the importance of understanding how personal characteristics and preferences affect our day-to-day finances in a major way,” said Bond.

WATERBURY, Conn. – Webster Bank has been ranked in the top 50 Automated Clearing House, or ACH, originators and receivers in the nation, according to a press release. ACH is an electronic network that processes large volumes of U.S. credit and debit transactions in batches.

Webster originated more than 13 million debit and credit transactions in 2012, which was a 40.5 percent increase over 2011, the fourth largest annual increase among the top 50 banks.

“Our ACH volumes were driven by significant middle market relationships and increased commercial volume,” said the bank’s Senior Vice President and Director of Treasury and Payment Solutions Philip Picillo.

“Municipal and government clients, as well as health care clients also played a role,” said Picillo. “We’ll continue to invest in electronic payments and in the technology and infrastructure supporting these activities.”

Webster Bank is a regional bank serving businesses and consumers from Westchester County, N.Y., to Boston, Mass., including several branches in Rhode Island.

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