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Apple Pay Not 'Meaningful' Today, But Volumes Show Promising Future
More than 2.5 million contactless reader terminals accept Apple Pay in the U.S. and CEO Cook expects ‘more expansion’ soon.   more »
CO-OP Financial Services and TMG have commissioned Mercator Advisory Services to study blockchain technology in order to help credit unions decide about using this digital ledger system that provides a distributed list of records including transactional data and sequence. more »
Core data processor CU*Answers announced that University of Toledo Federal Credit Union successfully converted to the CU*BASE data processing system in April. more »
NCino, a vendor of cloud-based banking technology, has added deposit account opening to its platform. more »
United Solutions Company, a technology CUSO that hosts core processing and other tech services for credit unions, on Monday said three credit unions signed contracts to convert to the OnCore XP2 core processing system. more »
COLORADO SPRINGS, Colo. — Aventa Credit Union recently launched its all-new website, which it said features a "fresh, modern look," improved functionality and enhanced content. more »
FOND DU LAC, Wis. — The majority of credit unions employ outdated data technology to power major business functions, and lag behind consumer expectations when it comes to mobile offerings, according to a recent study. more »
For years, U.S. financial institutions have taken the position that it was riskier to replace legacy core systems than to leave well enough alone. Here's why that's beginning to change. more »
Virtual StrongBox has secured another patent for its digital safe-deposit boxes and encryption technology for secure stored data. more »
A closer look at a strangely named piece of malicious software shows it makes crafty use of drive-by downloads and web injections to fool users into complicity with online banking fraud. more »
http://www.americanbanker.com/news/bank-technology/banks-credit-unions-hit-in-4m-cybertheft-ibm-1080489-1.html more »
The inadvertent downloading of thousands of consumer records to a thumb drive at the FDIC could happen anywhere. Here's a look at what the agency did right and what it could have done better. more »
The Rye, N.Y.-based credit union has managed to reduce its mobile banking abandonment rate by some 45%. more »
Great Rates for Everyone
Pentagon FCU has launched the first ad in a series of ads that will be released over the next two weeks and broadcast in several key markets across the country.