NEEDHAM, Mass. - The major technology providers to credit unions - their core processors - are increasingly taking up the fight against check fraud, a silent crime that costs financial institutions far more than bandits with guns. But while financial institutions spend more and more to prevent check fraud, the...

NEEDHAM, Mass. - Make way for Web services and a whole new kind of financial services institution to follow. That's the bottom line of a new study titled "TowerGroup Point of View on the Networked Financial Services Institution." Web services, of course, is the name given to that collection of...

MARLBOROUGH, Mass. - St. Mary' Credit Union recently implemented a relatively inexpensive photo capture system that managers say provides an easy way for staffers to identify members and help prevent fraud. While the $385 million credit union knew it was getting both a less-costly alternative to biometrics and a new...

COLUMBIA, S.C. - A hacker's reported swift entry into three Swedish banks through the vaunted protections of SSL technology has some experts in the credit union space scratching their heads more than crossing their fingers. According to the Reuters news service, the hacker - who was not named but described...

VALLEY FORGE, Pa. - USERS Inc. is taking advantage of its open architecture to offer the services of a third-party collection software solution to credit unions using USERS' core processing services. Called CollectAnywhere, the browser-based collections management solution from Akcelerant Software LLC of Malvern, Pa., uses the same SQL-based system...

SEATTLE - When he couldn't find out online if his credit union offered international wire transfers, Chuck Van Court knew he was on to something. The former CIO of the Federal Home Loan Bank in Seattle now is president of Fuze Digital Solutions (www.fuzeds.com), which in less than a year...

CAMBRIDGE, Mass. - Financial institutions are working hard, and spending big, to get consumers to opt for online service over costly phone calls, but the progress has been slow, a new report says. In a year of tight budgets, 30% of the respondents in a survey of credit unions and...

COLUMBIA, S.C. - Crumbled infrastructure and biological warfare, disrupted travel plans and a reeling economy - the aftershocks of the Sept. 11 terror attacks reverberated quickly across the credit union data processing community, like everywhere else. A year later, in a development less dramatic but perhaps more systemic, many processors...