The days are long gone when a handful of Internet banking and bill pay providers dominated the credit union marketplace. While Digital Insight is still the major player with Net banking, commanding 18% of the CU market for CUs over $25 million, other players such as data processors and tech...
SEATTLE - BECU is using a lot of businesses to help grow its own business, services that is. Technology solutions from a list of well-known vendors form the infrastructure that $5.1 billion BECU is using to serve what credit unions across the country are eyeing as a prime market -...
SOUTH COAST METRO, Calif. - The growing demands of complicated technology infrastructure, security threats and regulatory compliance are also fueling business for consultants, including Compushare. The Orange County-based firm said it had a record year in 2005, adding 60 community financial institutions, including a dozen Southern California credit unions, to...
Spending on information technology (IT) remains in a period of "tech digestion," in which overall investment in IT by businesses and government grows at about the same rate of the overall economy, at about an anticipated 7% in 2005, according to Forrester Research analyst Andrew Bartels. Meanwhile, IT staffing costs...
GLENDORA, Calif. - Larger credit unions are more apt to offer 457(b) and 457(f) plans to attract and retain executives. Credit unions in the $500 million to $750 million range tend to offer more 457(b) plans than any other size credit union, according to the Employee and Executive Benefits Survey...
PASADENA, Calif. - Parsons Federal Credit Union is the first customer of document-management specialist Bluepoint Solutions to deploy the company's Internet Member Access (IMA) module. The credit union began using Bluepoint's document imaging, receipt capture and signature card solutions last summer. The launch of IMA - which can be configured...
COLUMBIA, S.C. - Has Internet banking gone from leading edge to backyard hedge? As home banking has become a standard offering for financial institutions of all sizes, it's common to hear that it has become a commodity (a definition of which, according to Merriam-Webster, is a "mass-produced unspecialized product.") Indeed,...
