If you’re replacing your core processing platform, why not throw in the entire teller system while you’re at it?
Core processing systems have been the backbone of the credit union transactional system since the days before share draft accounts became simply known as checking. But with functionality broadening to include credit and debit cards, online fund transfers and now mobile and even person-to-person, is core processing simply a commodity, a...
PayPal's commanding presence in the P2P space is hard to compete with, so maybe joining them would be a better strategy for credit unions.
A thousand or so users using up to 10 applications or more apiece and spread across a vast Canadian province can present a bit of a challenge for the IT folks responsible for keeping the network up and running well.
Twenty-six new credit union clients were added at Wescom Resources Group in 2010 as the CUSO said it recorded its best year since its 2002 creation.
Wescom Resources Group said it added 26 new credit union clients in 2010 and now provides technology solutions to more than 225.
Kevin Wright and his staff at the $1.3 billion CFE Federal Credit Union really went to school on their traditional PC network when it was time to cycle out the old and bring in the new.
There were plenty of high-profile merger deals in 2010 highlighted by big West Coast combinations accompanied by voluntary and involuntary consolidations plus conservatorships.
Credit unions running on Windows XP should be preparing themselves for the move to Windows 7 soon, according to Forrester Research.
The nation's largest merger a $4.7 billion combination of Addison Avenue Federal Credit Union of Palo Alto Calif. and First Tech CU of Beaverton, Ore. has won final approval of First Tech members, it was announced Friday.