News

INDIANAPOLIS - Credit union data processor RDS has successfully completed its annual Type 2 SAS70 audit. It was conducted by independent auditing firm Crowe Chizek and Company LLC. The audit evaluated controls related to RDS' cuStar core DP system and service center operations for a six-month period. Credit union clients...

AUBURN HILLS, Mich. - Call center and online lending specialist Digital Dialogue and account aggregation provider uMonitor have joined forces to provide credit unions with the tools to allow potential members to not only apply for membership, but fund a new account electronically. Online, members fill in and submit an...

SAN JOSE, Calif. - Biometric technology has been slow to catch on in credit unions, but things seem to be speeding up. The latest example is at the $1 billion Tech Credit Union in San Jose where members can use biometric PIN pads to positively identify themselves to perform in-branch...

MIDDLETOWN, Pa. - Mid-Atlantic Corporate FCU has teamed with Coast to Coast Financial Services Inc. (CTCFS) to launch a new product to help its members comply with the USA Patriot Act. CTCFS will provide authentication of individuals by searching various nationwide public information databases over the Web. "CTCFS uses one...

Primary Payment Solutions and CUNA Mutual are promoting three PPS anti-fraud solutions in a new marketing agreement. They are: *DEPOSIT CHEK, which gives credit unions batch inquiry access to the same information used by the nation's largest financial institutions, including current account status, stop payments and electronic notification of returning...

STAMFORD, Conn. - IDS is RIP, or will be soon. That's the word from a leading think firm which declares that intrusion-detection systems and their successors, intrusion-prevention systems, are hyped-up market failures that may soon prove to be a waste of time, money, and perhaps worse if they fail to...

NASHVILLE - Frank Abagnale knows fraud and what he sees going on with identity theft amazes him. "It truly is the simplest crime that I have come across in my entire career, and I've been on both sides of the law. Any one can become you," said Abagnale. Some 750,000...

SCOTTSDALE, Ariz. - A little-known but rapidly growing database of incident records is a primary weapon against account fraud and identity theft that CUNA Mutual Group and Primary Payment Systems will soon be featuring access to in a new partnership. It's the Anti-Fraud Exchange, a cross-industry depository of records added...