Wednesday, January 28, 2015
Navy Federal App Wins Award
MINNEAPOLIS — Navy Federal's Visa Buxx app has been selected as the winner of a 2015 Paybefore Award in the "Judge's Choice" category.
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Forget the machines. Even forget the software. Diebold's business plan for the future — as touted in a video the company screened at 50 movie houses around the world — centers on its collaboration with banks and others on innovation. more »
MOUNTAIN HOME, Idaho — Pioneer Federal Credit Union here has deployed video teller technology to its ATMs. more »
The digital-only offshoot of Customers Bank combines edgier technology — like letting consumers snap photos of their driver's license to open accounts — with a new business model that counts on interchange revenue rather than fees. more »
Implementing a new technology is never completely stress free, but credit unions are finding that Apple Pay rolls out easier than most. more »
Momentum is "building" for mobile payments technology Apple Pay from credit unions as well as consumers and merchants. more »
RALEIGH, N.C. — State Employees' Credit Union (SECU), a $29-billion institution based in Raleigh, N.C., announced that President Barack Obama praised SECU for providing its consumer loan members with free access to their FICO credit scores. more »
ALEXANDRIA, Va. — The NCUA Board Thusday approved a payment of up to $50,000 to cover costs associated with the October 2014 data breach at Palm Springs FCU, which was caused when an NCUA examiner lost a thumb drive containing sensitive member information. more »
The White House rolled out several more cybersecurity provisions on Tuesday, including a proposal to better coordinate information sharing between the government and the private sector around cyberattacks and emerging threats. more »
A new push by President Obama to tighten cybersecurity at credit unions, banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws. more »
Geolocation can play to credit unions' strengths as supporters of local businesses. But small institutions typically lack the resources to create and test this technology and their core platform providers have yet to offer such services. more »
After National Credit Union Administration Chairman Debbie Matz revealed the agency is mulling new encryption standards, a trade association says the regulator should focus on its own steps to "better protect" member "data in its care." more »
NORTH CANTON, Ohio — Diebold has introduced antimicrobial touchscreens to its automated teller machines. more »
PLEASANTON, Calif. — Last May, SafeAmerica Credit Union undertook a near yearlong process: updating its core from Fiserv to Corelation. more »
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