News

FAIRMONT, W. Va. - Fraud is costing consumers more. According to the Internet Crime Complaint Center (IC3) 2005 Internet Crime Report, the total dollars lost from all referred fraud cases was $183 million, up from $68 million in 2004. Topping the list of complaints was Internet auction fraud-comprising some 63%...

NORTHEAST QUEENSLAND, Australia - The name was Larry not Katrina, but it was a category 5 storm that roared over Northeast Queensland with winds clocked at over 180 mph on March 20th. Larry was labeled a cyclone, which is what Australians call hurricanes. Roofs were ripped off buildings, banana plantations...

SACRAMENTO and MENLO PARK, Calif. - Schools Financial Credit Union has teamed up with PassMark Security to help give its online banking members some peace of mind. The PassMark Security Two-Factor Two-Way authentication system is designed to give added online protection against Internet fraud tactics like "phishing" and "spoofing." Once...

PHOENIX - Credit unions must show more innovation on products and service or risk becoming a relic of the 20th century rather than a key financial player in the 21st, maintains Chip Filson, president/CEO of Callahan & Associates. Addressing nearly 400 attendees at the annual Member Forum of PSCU Financial...

PHOENIX - With one using risk-based pricing and another revamping its marketing structure, two card-issuing credit unions, one from Massachusetts and the other from New Mexico, presented differing strategies on how to achieve growth to attendees at the annual Member Forum conference of PSCU Financial Services. Speaking on behalf of...

WASHINGTON - A recent survey released by the Justice Department's Bureau of Justice Statistics finds that 3.6 million U.S. households learned they had been the victims of at least one type of identity theft. This marks the first time the BJS National Crime Victimization Survey has included questions about identity...