In 1687, Isaac Newton published a three-volume treatise which revolutionized humanity’s understanding of the physical world. Book One of Newton’s Principia contains Newton’s three laws of motion, which describe the responses of physical bodies to forces acting upon them. Sir Isaac expressed the first law as follows: "Every body persists...
We all know the story of how outcast nerds in junior high or high school turn into the Bill Gates’s and Steve Jobs’s of the world.
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.