News

SAN FRANCISCO - Debit cards have continued their steady march into the hearts, wallets and financial lives of America's consumers this year and will likely continue to do so as these graphs show. From 1996 - when debit cards constituted 10% of the payment pie - and electronic payments, pre-paid...

RALEIGH, N.C. - The nearly $13 billion State Employees Credit Union has taken steps to allow its members to personalize their ATM experience to a degree which is unusual among credit union ATM deployers. Using a third-party vendor's software, the credit union, which drives its own ATMs, was able to...

CHURCHTON, Md. - BANKDetect LLC, a privately-held knowledge-based technology company focused on loss prevention and compliance for financial institutions, has expanded its RiskTracker-AML and RiskTracker A3 (Account Activity Analysis) solutions to enhance functionality and include additional analyses and risk indicators. They better ensure that financial institutions have effective protections against...

NORTH RICHLAND HILLS, Texas - Cypress Software Systems has come out with its new Automated Valuation Model (AVM) for its Mark IV consumer loan origination application. The module helps financial institutions instantly retrieve an accurate residential property value, thus reducing the time and effort involved when using traditional property appraisal...

SACRAMENTO, Calif. - The $6 billion The Golden 1 Credit Union reported that it had to cancel 1,300 debit card accounts and reissue cards after the cards were compromised in an international skimming ring, according to the Sacramento Bee. Skimming plots are those where thieves either alter an ATM or...

ONTARIO, Calif. - Credit unions which are members of CO-OP Network will be able to offer their members surcharge-free ATM access in over 5,300 7-Eleven stores in 30 states, the Network announced on Nov. 17. "Driving new customers to our stores will be one of the primary benefits of this...