News

BRUSSELS, Belgium - An important credit union meeting took place in Brussels earlier this year, even though Belgium has no credit unions. Seventeen European credit union representatives met to discuss proposed European Union (EU) banking directives that if passed, would impact CUs negatively. Arthur Arnold, CEO of the World Council...

Big deals will get the headlines, but it's the smaller deals that will drive the continued growth of application and infrastructure outsourcing in the financial services industry over the next few years, according to Forrester Research. The research and analysis firm predicts such outsourcing globally to grow from $20.2 billion...

Online banking is expected to continue to grow moderately over the next few years, and it also will become increasingly hard to justify measuring that channel as a separate entity, according to a recent TowerGroup report. TowerGroup estimates that slightly over 24% of U.S. households currently bank online, representing approximately...

PLANO, Texas -Aurum Technology announced that the $550 million Harborstone Credit Union of Tacoma, Washington will use its suite of core processing capabilities to try and expand into the small business banking market. The third-largest credit union in the state of Washington - with more than $550 million in assets...

BRENTWOOD, Tenn. - Goldleaf Technologies Inc., a provider of ACH and Web site solutions to credit unions and community and regional financial institutions, announced that West Virginia Corporate Credit Union has purchased its ACH Web Client product, a browser-based, ACH transaction management solution. The credit union chose ACH Web Client...

CORVALLIS, Ore. - Summit Information Systems is now offering its credit union clients the services of the IBS Collection Management System from Intelligent Banking Solutions. Summit will market and support the online system, which offers delinquent account functions such as activity tracking, automated dunning letter production and collector work management....