News

Driven by the need to meet the requirements of the Patriot Act and the Sarbanes-Oxley Act, the nation's financial institutions spent $2.6 billion on information technology to facilitate compliance, and another $6 billion on operational needs, according to Financial Insights. The research and advisory firm says it expects that trend...

MONETT, Mo. - Jack Henry & Associates, parent company of credit union data processor Symitar Systems, has promoted President Jack Prim to CEO and COO Tony Wormington to President. Michael Henry, the firm's chairman and CEO, will continue on as chairman. "Jack and Tony have both been performing the responsibilities...

Here is a list of the New York Credit Union Foundation technology grant recipients: Abyssinian Baptist Church FCU, New York City All Souls FCU, New York City AMNH Employees FCU, New York City BHA Residents CDFCU, Binghamton Buffalo Ryerson FCU, Buffalo Cornerstone Baptist Church FCU, Brooklyn El Barrio CU, New...

The online segment of the payment industry continues to grow rapidly, yet still has not matured into a generally commoditized marketplace, according to a new report from Celent Communications. While the lines continue to blur between e-check, phone billing, traditional providers and more, the bottom line continues to grow: E-commerce...

WASHINGTON - Credit unions loading up their Internet banking sites with bandwidth-hogging functionality may find themselves hearing less and less from unhappy users with slow dialup connections. According to the results of a February survey just released by the authoritative Pew Internet & American Life project, 355% of adult Internet...

HUTCHINSON, Kan. - What's in a name? A lot when it's a domain, such as www.hcu.coop. That's the Web address that Hutchinson Credit Union just scooped up when it became available again from the National Cooperative Business Association, the trade group administering .coop addresses. "The co-op addresses are not well-known...