News

Read about the latest developments in the world of credit union technology, including a look at Dave Becker's indelible mark on the industry. See pages 20-32.

VANCOUVER, B.C.-The alarming rate of spending and bankruptcies among young adults demonstrates the need for greater financial literacy efforts, NCUA Chairman JoAnn Johnson told participants in NAFCU's 37th Annual Conference. Johnson said it may be the teacher in her, but "I'm making financial education a priority of my chairmanship." She...

HALES CORNER, Wis. - JPMorgan Chase Company's recently completed merger with Bank One has turned the surviving JPMorgan Chase into one of the largest item processors in the country processing some 20 million items a day. The mega bank said it's interested in getting its item processing services into the...

NEEDHAM, Mass. - Because radio frequency (RF) payment systems and RFID inventory tags are still in their infancy and often not fully understood by consumers, they have been subject to some occasionally nasty talk about violating consumer privacy. But they are two very different things. A recent report by TowerGroup...

AVON, Conn. - COCC plans to pass the savings from Check 21 on to its processing clients by acting as an image-exchange broker, the company says. "Our strategy is to aggregate the outgoing check images, ship them electronically to the exchanges that offer the best funds availability and lowest processing...

WASHINGTON - Build it and they will come. Build it poorly and they won't come back. That's one message from consumers who participated in a Callahan & Associates Survey Consortium about their experience in using online loan applications. The online survey of 14,154 members of 15 credit unions found that...