IT risk

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  Card Security Concerns Do Not Dampen CSCU Meeting

  By David Morrison  |  May 7, 2012

  ST. PETERSBURG, Fla. — An undercurrent of concern about how card processor FIS was handling some of its ongoing information security problems was not enough to dissuade 321 payment executives from 131 credit unions that use the processor from meeting April 25-29 to celebrate card success and strategy.

• FIS Challenges Client Credit Unions on Security: Onsite Coverage

  By David Morrison  |  April 27, 2012

  ST. PETERSBURG, Fla. — FIS said credit unions will be expected to take on a greater role in helping guard information security and prevent breaches.

• FIS Reaching Out at CSCU Meeting: Onsite Coverage

  By David Morrison  |  April 26, 2012

  ST. PETERSBURG, Fla. — Conference attendees told they'll be hearing from FIS brass about advisory letter from regulators and member data security.

• NCUA: FIS Letter Routine Regulator Action

  By David Morrison  |  April 18, 2012

  Agency sources call "ridiculous" the idea that regulator was trying to drive credit unions away from processing with FIS.

• FIS Appoints New Risk Management Executive in Wake of Advisory Letter

  By David Morrison  |  April 18, 2012

  FIS, the credit and debit card processor for more than 5,000 credit unions, has announced the hiring of a chief risk officer.

• CO-OP Holding FIS Accountable

  By David Morrison  |  April 17, 2012

  Big CUSO said it's confident card processor will address security issues but also plans to make sure.

• Impact on FIS Uncertain, Observers Say

  By David Morrison  |  April 16, 2012

  Long, complicate processor switch process should impede exodus from FIS after regulatory letter, card consultant says.

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  FIS Faulted on Security by Feds

  By David Morrison  |  April 15, 2012

  The NCUA has asked credit unions that process their debit and credit card transactions with FIS to evaluate their relationship with the card processor in light of an information technology supervisory letter the company has received from other federal financial regulators.

• Citing 'Unsatisfactory Risk Management,' NCUA Asks Credit Unions to Evaluate Relationship With FIS

  By David Morrison  |  April 10, 2012

  Agency cites information technology supervisory letter the company has received from the FDIC; FIS processes credit and debit transactions for 5,400 credit unions.