Thursday, April 17, 2014
Mobile Payments Expected To Rise 40% Globally In 2014: Study
HAMPSHIRE, U.K. — Payments via mobile devices are expected to reach $507 billion globally this year — a 40% increases year over year, according to a recent study from Juniper research.
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The automated teller machine — a technology that dates to the 1960s — is taking on new relevance in the age of digital banking. more »
ORLANDO, Fla. — Virtual currencies such as Bitcoin are largely viewed skeptically by credit unions as a potential threat, but at least one person sees some opportunities for revenue. more »
ARLINGTON, Va.—The federal appeals court decision to uphold the Fed's debit interchange guidelines is expected to drive more EMV conversions and send merchants' fight for lower swipe fees back to the open market, say industry analysts and credit union CEOs. more »
WARREN, Mich. — Member Driven Technologies, a CUSO that supplies IT solutions to credit unions across the United States, said two CUs have signed to convert their core processing to Symitar Episys via the MDT solution. more »
Hours after credit unions and other financial institutions were told by the Federal Financial Institutions Examination Council that they needed to find fast fixes to the "Heartbleed" bug, a new vulnerability that potentially could affect online and mobile banking, CUs were springing into action. more »
The Federal Financial Institutions Examination Council told financial institutions Thursday to figure out fixes to a devastating security flaw that could put online and mobile banking applications at risk. more »
AUSTIN, Tex. — Loyalty vendor Buzz Points has armed itself with $19 million in fresh capital in hopes of capitalizing on the growing desire of credit unions and small banks to expand their debit rewards programs. more »
The Federal Reserve's retail payments office announced Monday that it "fully supports" the most recent push within the financial services industry to speed up electronic payments. more »
ANTIGO, Wis. — The "mobile-only" consumer, those conducting all of their remote banking activity via a tablet or smartphone, are growing in number — quickly becoming a group that industry insiders and analysts say credit unions must cater to and support. more »
WASHINGTON — With cyber attacks on the rise, members of the Federal Financial Institutions Examination Council (FFIEC) Wednesday issued warnings to financial institutions. more »
That's the main takeaway from a recent Federal Reserve Board report that found the number of U.S. consumers using mobile phones to access their financial accounts rose by five percentage points last year. more »
SUITLAND, Md. — Andrews FCU here has completed a core conversion to Symitar's Episys core system. more »
Anonymous Ukraine says it acquired card data for accounts held by President Obama, Secretary of State John Kerry and Sen. John McCain, R-Ariz. The group boasted on Twitter that it used John Kerry's stolen credit card data to buy toys for Syrian children on eBay. more »
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