Fraud is inevitable for financial institutions, even when diligent precautions are taken, according to experts in the credit union security space.
The U.S. Department of Justice is shooting down Coreflood.
For credit unions and banks, having $6 trillion parked in some of their accounts should be a good thing, right? Not necessarily.
A survey sponsored by NACHA, the electronic payments association, suggests that credit unions have room to grow in the most basic of electronic transactions.
Marketing firm Epsilon, a third-party vendor that manages customer e-mail databases for more than 2,500 clients, said an unauthorized entry into its email system took place last week, reportedly compromising millions of clients’ customer names and e-mail addresses.
Sallie Mae announced that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.
Education-focused financial services company Sallie Mae announced Monday that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.
If considered only in a glance, credit union card programs seem extrem
When I began my career in banking in the 1980s, financial institutions in the metro New York City market were targeting a new demographic: young professionals.
The number of Americans who have bank accounts is likely to drop in the coming months as financial institutions seek to make up the costs of additional regulation with greater fees.