News

NEW YORK-Nielsen//NetRatings, the global standard for Internet audience measurement and analysis, recently conducted a study which found that nearly 20% of active Internet users, or 25 million, surfed banks and credit unions' Web sites from home and work during March. Bank and credit union sites also proved to be one...

ATLANTA - Delta Employees Credit Union is the first to go live with shared branching firm Credit Union Service Corporation's Next Generation Network. The $2.3 billion CU has already settled millions of live transactions through the Next Generation Switch. CUSC said the Next Generation increases the amount of information transmitted...

ARLINGTON, Va. - Overall in the U.S. credit card purchases are safe - the statistics tell that story. Very few cardholders are probably aware of the array of technology and people that stand behind every credit card transaction, working to keep it secure. Certegy, the card processor based in Alpharetta,...

PASADENA, Calif. - WesCom Resources Group is proving you can be successful offering someone else's core processing solution. WesCom Resources Group is a CUSO of the tech-savvy Wescom Credit Union. Last year it started offering credit unions Symitar's Episys product in a service bureau environment. Symitar also offers a service...

BOSTON - Credit unions lead the vastly larger commercial banking space in one area: growth of automated lending. "Our research indicates that credit unions have advanced more quickly in this area than banks," Celent Communications analyst Isabella Fonseca concludes in her new report, "Lending Solution Vendors in the U.S." Nearly...

WASHINGTON-The Federal Financial Institutions Examination Council released its revised Information Technology Examination Handbook, NCUA Chairman Dennis Dollar announced in a Letter to Credit Unions (03-CU-07) recently. Earlier this year, FFIEC released a new Information Systems Examination Handbook revised from the 1996 edition. The current IT handbook is just as old...

WASHINGTON-Four financial services regulators issued guidance last week to help their industries to identify and manage potential risks related to Weblinks, which transport Internet users to a different section of a Web site or to another site. NCUA, the Office of the Comptroller of the Currency, the Federal Deposit Insurance...

CAMBRIDGE, Mass. - Credit union executives might want to take note that the competition is focusing on retaining existing customers and increasing the use of online bill pay as top e-commerce priorities. And CU managers frustrated with the struggle to synchronize information across channels as well as measure their return-on-investment...