SOUTHFIELD, Mich. – Service Centers Corporation President/CEO Dan Balagna has revealed that 2001 is a record growth year, with transaction volumes expected to reach 93 million by yearend-a 30% increase. “This is an exciting time for SCC,” said Balagna. “The investments we have made in our shared branching and EFT services, as well as our technology are greatly valued by our credit unions and we enter into 2002 in a stronger position than ever.” With offline debit business increasing by 68%, the EFT lines are credited with contributing the most to helping SCC achieve this record.
The disruption could introduce new risks into the system by compelling banks to loosen lending standards and take on greater risk.
The CDFI awards support to developers, renters and buyers.
Without email authentication standards, hackers don’t need to compromise accounts to send emails that impersonate FIs.
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