Sunday, April 20, 2014
Washington State Employees CU Partners With BIG To Facilitate Innovation
OLYMPIA, Wash.—Credit unions have a reputation as early adopters of new technologies, but developing and implementing in-house grass root inventive ideas has been more vexing. Sometimes an outside partner is needed. Here's what happened when Washington State Employees CU teamed with Best Innovation Group.
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CHICAGO—For many credit unions, partnering with a third-party vendor to tailor a suite of services is a dream scenario. Alliant Credit Union got to live the dream when it teamed up with Hyland Software tweaking its OnBase enterprise content management solution. more »
TAMPA, Fla.—While enhancing technology is ever-important to the lifeblood of a credit union, ensuring systems and processes are streamlined is also critical to success. Grow Financial Credit Union's assistant vice president of network services James Stock provides an inside view of operations. more »
The full capabilities of a core-processing platform are often underutilized until a CU is ready to fire on all cylinders. more »
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. more »
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 »
VERNON HILLS, Ill.—When it comes to social media in the credit union community, the spotlight quickly turns to Facebook, Twitter and Instagram, often ignoring LinkedIn. 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 »
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