Report from USPS Inspector General says just 10% of underbanked market would generate almost $9B annually for struggling agency.
World Council helping European credit unions press case on classification of deposits.
The Anti-Phishing Working Group is reporting that phishing attack frequency dropped 20% from late 2012 to early 2013.
First New York Federal Credit Union, Colonie, N.Y., welcomed James Alescio as the company’s controller. Alescio is a graduate from Bentley University with an accounting degree. Before joining First New York, he worked at Trinity Alliance of the capital region and brings 15 years of banking experience to the credit...
From East and West, Midwest and South, credit union people in the news.
Check deposit app developed in-house at Tampa credit union and integrates with WAUSAU Financial processing.
Reducing deposit fraud cases is an important goal at any credit union. At University Federal Credit Union, one incident in particular triggered the need for a new solution that would allow it to take a preventative approach against this common form of fraud.
Many smaller financial institutions have become increasingly disconnected from the way people live today because they continue to operate on outdated technology that hasn’t kept pace with what consumers need.
Credit unions often find it difficult to provide international payment services to their members, the demand for international drafts, wires, international ACH and encashment of foreign receipts grows daily as global trade becomes an increasingly important part of business for companies and individuals.
Bluebird, the new prepaid card product being rolled out by Walmart and American Express, will provide banks and credit unions with additional competition in transaction accounts and technology.