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Sharetec System announced that West Virginia Federal Credit Union in South Charleston, WV has made the decision to implement Sharetec as its new core processing solution. The credit union has 33 employees and $125 million in assets, and is expected to move forward with the implementation by the end of the second quarter of 2019.
NCUA has selected several solutions from ComplianceTech for examiners to use for onsite and off-site fair lending supervision and monitoring. The agency will use the company’s LendingPatterns and Fair Lending Magic offerings.
Hitachi Vantara recently launched a range of new hyperconverged infrastructure (HCI) systems, software management, and automation tools. They updated their Unified Compute Platform, or UCP, line of converged and hyperconverged infrastructure offerings with an all-NVMe SSD storage solution. The V124N comes with hyperconverged appliances, offering up to eight NVMe SSDs plus up to four 3D XPoint-based Intel Optane SSDs for high-performance caching of the SSDs. On the software side, Hitachi Vantara upgraded its Hitachi UCP Advisor IT management and orchestration software with new automated and rule-based deployment policies.
Microsoft's coming 'Windows Sandbox' feature is a lightweight virtual machine that allows users to run potentially suspicious software in isolation. This feature will be part of Windows 10 Pro and Enterprise editions.
The volume of cash, meaning the number of Federal Reserve notes, has risen for 17 consecutive years. The 41.6 billion bills in circulation at year-end 2017 were worth $1.6 trillion, also a record that has climbed as more paper money has gone into circulation this year. There are now more $100 notes out there than $1 bills – a recent development – with $20 bills next most common, followed in order by $5s, $10s, $50s and $2 bills.
The coming changeover to a new Windows operating system for ATMs is forcing many credit unions to take a hard look at their capital expenditure options. For the machines that can be upgraded, the cost of outfitting them with the new Windows 10 operating system will run anywhere from $6,000 to $12,000 per ATM, states the author.
Here is a chance to learn about real life credit union success stories from various technology vendors through the words of their clients. This week's vendor is:
and their client is:
The majority of organizations (66%) plan to implement 5G by the end of 2020, according to a new Gartner report. The 5G standard is the next generation of mobile connectivity that is expected to provide more bandwidth, faster speeds, and lower latency.
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Spectre and Meltdown vulnerabilities are collectively known as "transient execution attacks," which have proven difficult to patch. Fundamentally, as Spectre and Meltdown are hardware-level vulnerabilities, patching around them in software is an order of magnitude more difficult than software vulnerabilities. The current status is available mitigations are a work-in-progress. It is unclear if the vulnerabilities can be completely patched through microcode and software updates.
Core Systems as Systems of Engagement
During the busy shopping season, Michigan State University Federal Credit Union set up a pop-up shop in a local mall to lure in new business and as a way to provide financial education to the community. The program was successful enough in 2017 in East Lansing that the $4.1 billion-asset credit union revamped it for the 2018 holiday season, setting up a similar storefront in Grand Rapids.
The author contends that too often branding is left out of the mix when developing a strategic plan. He goes on to cover three conversations about your brand that can lead to powerful changes in 2019.
Corporate cards, purchasing cards, and virtual cards will account for $523 billion in U.S. commercial card volume, up 10% from 2017, according to research from Accenture Payments. Of the 2018 total, virtual cards, which are non-plastic accounts typically tied to accounts-receivable systems and represented by a digital token, will total $169 billion in spend, up fully 24% from last year. Indeed, virtual cards are by far the fastest-growing of the three commercial card categories studied by Accenture, with a compound annual growth rate of 21% over the five years from 2017 to 2022.
When it comes to how millennials spend their money, 73 percent prefer to use a debit or credit card, with the average person owning three credit cards. Some of the biggest purchases on credit cards include clothes (56 percent), travel (53 percent), tech (52 percent) and restaurants (52 percent). Mobile payments like Apple Pay or Google Pay were also used by the millennials surveyed in the past three months.
Performance varies only somewhat in the US among the big three cloud service providers – AWS, Google Cloud and Microsoft Azure – and their networks are a big reason why, a ThousandEyes study reveals. The network management company looked at network performance (latency, packet loss, jitter) and connectivity architecture. Their research showed that in the US Internet performance and private network performance don’t vary that much between the Big 3, so users are not likely to notice a difference.
LivePerson, a provider of conversational commerce solutions, has launched Maven, a conversational AI that enables organizations to augment or replace traditional websites and 800-numbers with personalized conversations over SMS, Facebook Messenger, WhatsApp, Google RCS Business Messaging, Amazon Alexa, and other popular messengers and voice assistants. The company says that their AI is designed to be taught and managed by contact center agents.