News

NEEDHAM, Mass. - Electronic payment channels and plastic cards will continue replacing paper checks in the coming years, according to TowerGroup. The accelerating shift from paper to electronic payment mechanisms and credit and debit cards is evidenced by various payments statistics, the research and advisory firm says, especially in the...

CAMBRIDGE, Mass. - Credit union IT chiefs seeking larger budgets in 2006 as they go before the board this fall can argue that they're not alone. Forrester Research recently surveyed IT executives at medium and large U.S. enterprises as they entered the new budgeting season and found that 53% of...

ADELAIDE, Australia - It's the Australian version of Macy's Thanksgiving Day Parade only it is sponsored by six credit unions and stars over 1,300 credit union people. This year's Christmas Pageant was held on Nov. 12 and featured 57 floats, clowns, dancing girls and 14 marching bands. Of course, Father...

WEST DES MOINES, Iowa - Soon after it was installed, a new content security appliance let Financial Plus Credit Union know about spyware threats on its system of a nature that the CU's tech-savvy EVP didn't even know existed. The appliance is the new PacketSure 4.0 from Palisade Systems, an...

FARMINGTON, Utah - Credit Union Data Processing Inc. (CUDP) was looking for an efficient way to back up data, and has ended up with a new, encrypted storage system to offer the 21 credit unions served by the Utah-based CUSO. CUDP recently deployed the NetVault backup and recovery system from...

NEEDHAM, Mass. - Online wholesale lending in the United States grew from 15% of total mortgage loan origination volume in 2001 to 20.5% in 2004, while online retail grew from 3.5% to 7.3%, according to TowerGroup. Both are expected to continue an upward trend, according to new research from the...