OLYMPIA, Wash. – The 128,000 members of Washington State Employees Credit Union are now able to download account information onto their home PCs and laptops with one click if they are using the Microsoft Money personal finance software. The $1 billion CU has implemented the OFX Server solution from Access Softek Inc. of Berkeley, Calif., and is using it to offer the download through the CU’s Symitar core platform, the company and the credit union said. Ben Morales, CIO at WSECU, said, “Our Microsoft Money using members represent an important and growing segment of our membership base. The OFX Server makes managing their money easier and faster.”
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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