News

FRAMINGHAM, Mass. - Phishing schemes will cost financial institutions in the U.S. and abroad up to $400 million in fraud losses this year and are unlikely to abate without concerted efforts to improve e-mail security and authentication technology. That figure and assessment comes from a new report by Sophie Louvel,...

FRAMINGHAM, Mass. - The race to deliver Internet-based retail financial services has barely begun, many experts believe. However, credit unions now may want to begin thinking about how to gear up for the next stage: exception-based banking. According to a new report from Financial Insights, managers in the not-too-distant future...

INDIANAPOLIS - For a guy who graduated college as a Political Science major and was banned from his first computer class for knocking over a computer out of frustration, David Becker has done pretty well in the technology arena. Becker of course is the entrepreneur who created credit union core...

FRISCO, Texas - It is almost exactly a year since IntegraSys was sold off by EDS and acquired by Fiserv, and a lot has changed. The company has finally moved out of its office space in an EDS facility in Plano, Texas and into a new building in nearby Frisco,...

VANCOUVER, B.C.-Nothing but blue skies for credit unions' economic future, according to four members of the Credit Union Economics Group. During NAFCU's 37th Annual Conference, the group's Chief Economist and Director of Research Tun Wai predicted that rising consumer confidence will bolster consumer spending. "Boosting consumer confidence and spending is...

VANCOUVER, B.C. -To stay true to the credit union mission, CUs need only adhere to basic American ideals, according to NCUA Board Member Debbie Matz. Stay true to democracy and the "melting pot" and the American Dream, she encouraged. "I feel confident that as long as credit unions stay true...