Credit Union Journal  |  Monday, January 21, 2013

With new technology come new patents — and new legal issues. Credit Union Journal explores how CUs are tackling these issues in this week's special report.

Patent Infringement Suits Often a Cost of Staying Technologically Current

As credit unions race to keep pace with evolving technologies, few are prepared for a hidden danger of staying current: being named as defendants in patent infringement lawsuits alleging illegal use of those technologies.

ATM That Syncs With Smartphone A Game-Changer

CANTON, Ohio-Attendees at the recent Consumer Electronics Show in Las Vegas had more than a look at a new ATM that syncs with smartphones; they likely glimpsed the next wave of ATM technology, experts are saying.

Why Gesa Is Offering Members P2P Payments

RICHLAND, Wash.-Gesa Credit Union has signed on as one of the first financial institutions in the nation to use Acculynk's Payzura, a secured person-to-person (P2P) payment solution that provides members with the ability to transfer funds via an e-mail address or mobile phone number.

HP's Enhanced Platform Making It Easy To Recall Data

North Shore Credit Union recently began using an enhanced platform from HP that is designed to allow for the effortless recall of data from disparate locations while backing up varied virtual environments.

Fiserv Purchase of Open Solutions Broadens Base

BROOKFIELD, Wis.-Core banking provider Fiserv's purchase of competitor Open Solutions allows Fiserv to grow its client base by giving it access to Open Solutions' 800 core account processing relationships and its real-time core processing platform, DNA.

After Careful Tests, Technology CU Adds P2P

SAN JOSE, Calif.-In what amounts to a growing trend, Technology Credit Union has joined the person-to-person payment service arena with SendMoney, an initiative supported by PayPal.

Aim Is To Get Loan App In Front of Member Faster

AUSTIN, Texas.-While Randolph-Brooks FCU first began implementing Andera software to streamline online banking methodologies in 2008, it's now building upon the existing platform by offering new resources to members.

Mobile Banking Via Tablet Continues To Grow

ATLANTA-A new study from SYNERGISTICS Research finds that four in ten Internet households already have some form of tablet device, and one-third of those report that they use those machines for online banking.

Why Vantage Opted For Private, Not Public, Cloud

BRIDGETON, Mo.-The decision to use a public or private cloud for data storage is often mulled over by credit unions both large and small. Vantage Credit Union weighed the pros and cons and opted for the latter.

What CUs can do that Santa can't...
Looking for a new car this holiday season? This spot from Synergy CU in Ireland is a reminder that there might be better places to go for that than Santa.