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NACHA to Test Bank-Provided Online Authentication And Private Payments

By Staff Writer

HERNDON, Va. - NACHA, The Electronic Payments Association, will test online transactions in a pilot that requires consumers to authenticate their own financial institutions, and initiate private, secure electronic payments via their financial institutions' online banking Web sites. "As a result of the recent FFIEC guidance on authentication, financial institutions...

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Corillian Chief Cites Focus on In-House Solutions, Smaller CUs

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March 21, 2006

Dollar Defines Six Key Issues That Will Shape Industry's Future

MONTEREY, Calif. - Credit unions must address six key issues that will determine the future of the industry, said former NCUA Chairman turned consultant Dennis Dollar at the California Credit Union League's Big Valley Educational Conference. Dollar's six key issues include capital modernization, marketplace competition, cooperation among credit unions, the...

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March 21, 2006

Keesler Details Katrina Lessons

BILOXI, Miss. - The Katrina property damage at the $1.4 billion Keesler Federal Credit Union could have been a lot worse and so could have loan write-offs, but there are plenty of lessons learned when it comes to disaster preparedness. "You know when the power went out, our backup generators...

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March 21, 2006

Advanced Content Management Systems Bring Enterprise Functionality to Credit Unions

WASHINGTON - Like most credit unions, Bank-Fund Staff Federal Credit Union is awash in paper, from multi-page member account statements to mortgage loan applications. But if most credit unions find that managing paper files is at best a hassle, at Bank-Fund, it was a nightmare. Bank-Fund has $2 billion in...

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March 21, 2006

Technology is an Art, Not a Science, Internet Expert Says

MONTEREY, Calif. - Credit union executives need to start thinking of technology as an art rather than a science, said Internet entrepreneur Scott Klososky. Klososky shared his views on technology trends and how credit unions can use them to increase youth market share during the general session of the California...

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March 21, 2006

S1 Targets Credit Union Industry, Says it Can Save Credit Unions Money on Internet Banking Costs

ATLANTA - S1, traditionally a banking technology vendor, has its sights on the credit union market. The company has created a new credit union team to increase its penetration in the industry. The team attended CUNA's Governmental Affairs Conference and a recent Symitar users' conference to try and get the...

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March 21, 2006

Open Solutions Closes BISYS Deal, Launches Two-Factor Authentication

GLASTONBURY, Conn. - There has been a flurry of news coming from Open Solutions Inc. of late. The company recently announced its plan to handle two-factor authentication for online systems access. Vendors have been tackling two-factor authentication in a variety of ways; some relying on deeper questions to end users,...

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March 21, 2006

Credit Union Gains From Bankruptcy Reform Not a Done Deal, Attorney Says

MONTEREY, Calif. - Much was gained in recent bankruptcy reform legislation, but those gains will be lost unless credit unions fight local court interpretations that don't reflect Congress' intentions, says industry attorney Eric North. North, a San Jose-based attorney who provides educational Webinars for the California Credit Union League, addressed...

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Top News Stories

NACHA to Test Bank-Provided Online Authentication And Private Payments

Corillian Chief Cites Focus on In-House Solutions, Smaller CUs

March is Canadian Fraud Prevention Month

Recommended Just For You

News Stories

Dollar Defines Six Key Issues That Will Shape Industry's Future

Keesler Details Katrina Lessons

Advanced Content Management Systems Bring Enterprise Functionality to Credit Unions

Technology is an Art, Not a Science, Internet Expert Says

S1 Targets Credit Union Industry, Says it Can Save Credit Unions Money on Internet Banking Costs

Open Solutions Closes BISYS Deal, Launches Two-Factor Authentication

Credit Union Gains From Bankruptcy Reform Not a Done Deal, Attorney Says