News

ORONTO, Ontario - Interac Association has joined with MasterCard Canada and Visa Canada to announce a commitment to an industry-wide migration to chip technology. The agreement by the major players is considered a major step in a smooth transition for everyone using the electronic payments system that was announced by...

DUBLIN, Ireland - In Ireland it is almost impossible to find a village without at least one credit union. They are a way of life not just financially, but through events such as the annual knowledge quiz for school children run by the Irish League of Credit Unions. Credit unions...

LOS ANGELES - Encryption is a key for Stan Cadiente and his staff at California Credit Union, where the job of securing data has taken on growing importance in the wake of industry data breaches, new rules and regulations and the escalating complexity of the CU's own storage environment. Cadiente...

NASSAU, Bahamas - Credit unions in the Bahamas are now working under a new law, The Co-operative Societies Act, which became law on October 4, 2005, with the regulations and by-laws section having been finalized early this year. The new law and regulations also apply to all producer-supplier co-operatives. The...

SCOTTSDALE, Ariz. - Credit unions and banks alike are increasingly competing for the same consumers with the same products, and the commoditization is reaching into the back shop as well, according to the consultants at Cornerstone Advisors. In the firm's just released "The Cornerstone Report: Benchmarks and Best Practices for...

ARLINGTON, Va. - Kenyan credit union regulator Patrick Khaemba had a full schedule during his recent visit to the U.S. to learn best practices from the American credit union system to improve Kenyan cooperatives. Among the many stops for Khaemba, who is the permanent secretary for the Kenyan Ministry of...