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Online-Only Bonus: Core Processing: Does Opening the Platform Make it a Commodity?

Core processing systems have been the backbone of the credit union transactional system since the days before share draft accounts became simply known as checking. But with functionality broadening to include credit and debit cards, online fund transfers and now mobile and even person-to-person, is core processing simply a commodity, a...

By Marc Rapport | Updated on March 29, 2011

Core processing systems have been the backbone of the credit union transactional system since the days before share draft accounts became simply known as checking.

But with functionality broadening to include credit and debit cards, online fund transfers and now mobile and even person-to-person, is core processing simply a commodity, a plug-and-play nearly interchangeable as an off-the-shelf wireless router?

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