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Payrailz announced that Digital Federal Credit Union, a top 20 credit union nationwide with over $8 billion in assets, will now offer its full suite and platform of payment services.
Compliance Tech said it has added a new data analysis tool to its website, LendingPatterns Lite, by offering multi-dimensional displays of mortgage lending data. The company said the new feature allows users to automate the summarization and analysis of HMDA data in order to uncover useful, comparative insights.
As traditional platter drives become more dense, performance has decreased. Seagate plans to release a multi-actuator drive—the first such drive in 25 years. Seagate's dual-actuator drives—which it brands as MACH.2—allow drive arms to move independently of each other. This enables a hard drive to double its performance while maintaining the same capacity as that of a single actuator drive.
USB 4 is built on top of Intel's Thunderbolt 3 specification, but isn't expected to be in products until at least 2020. USB 3.2 is intended to bridge the gap. USB 4 is based on Intel's Thunderbolt 3 specification, allowing USB 4 to reach speeds of 40 Gbps, doubling the bandwidth of the USB 3.2 specification.
Ethernet networking technology doesn’t have any inherent security built in to it, and is also hard to manage because it's centralized. It’s out-of-date, and it needs revamping, researchers say. One attempt to address the issue is the Marconi protocol, which is a strategy to shift network and packet management over to a smart-contract, decentralized chain-based system.
Core processors Fiserv and Symitar continue to dominate among the largest CUs while FedComp is still the leader in client count among the movement’s smallest members. There 29 different core processors offer 43 different platforms — and that’s just among competitors serving at least $400 million in aggregated assets.
Red Hat has been working with KAL ATM Software to leverage a process known as virtualization that uses technology to uncouple hardware from the ATM’s operating environment. A Red Hat spokesperson claims that for “pennies on the dollar” subscriptions to virtualization can save hundreds of millions of dollars in tech investments, including those of the 15-year ATM cycle.
There were 3.3 million ATMs worldwide at end-2017, of which 51% were located away from branches. The number and share of off-site ATMs continue to increase, with over 15,000 new such terminals installed during 2017.
The Federal Reserve Bank of Atlanta has published How the ATM Affects the Way We Pay, a working paper that examines the influence of the ATM on consumers' use of cash.
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:
What communication medium does nearly everyone read promptly, then act upon? Text messages - be they iMessage, Facebook Messenger, WhatsApp, or good-old SMS, they get read. This article looks at some ways that your CU take advantage of texting.
Sprint unveiled a smart messaging system that leverages artificial intelligence (AI) to help businesses communicate with consumers. The Sprint Smart Messaging system enables consumers to send questions to business landlines via text message. The system can provide answers for questions such as business hours or whether a product is available. Sprint said the system could also be used for more complicated tasks, such as scheduling reservations or appointments.
The MAP App™ is the first network-branded prepaid card exclusively serving credit unions to offer mobile banking -
contact us now to learn more about this market-leading innovation for credit unions:
(866) 598 - 0698
Organizations can change employee security behaviors by creating a strategic plan, according to SANS Security Awareness. To change security awareness behavior, security professionals must start with a strategy, answering these questions: What is the overall goal of the program? What objectives support that goal? What is the scope? What key metrics will measure success?
SafeGuard Cyber has launched a new detection capability that adds real-time cross-channel analysis to proactive scans across the digital landscape, including deep web sites, the dark web, and the social Internet.
BlackBerry Cylance has introduced CylancePERSONA, a proactive endpoint behavioral analytics solution. The new solution, which expands the capabilities of the Cylance native AI platform, is designed to protect organizations against attacks involving stolen credentials and user impersonation by combining continuous biometric behavior and user conduct monitoring.
The author states that the reasons for the popularity of digital marketing are valid - it is a more effective strategy for targeting and segmenting a customer base. However, she adds that she is not ready to kick traditional marketing to the curb completely. In her opinion, the amount of your budget that should be assigned to traditional marketing depends on the industry in which you are working and how your buyer personas behave.
Pentagon FCU has launched a new digital media division to tell the CU story of people helping people through the lives of its members. The new 4 person team has been building a bank of stories, which they began posting in late February on PenFed’s Facebook, Twitter, Instagram, YouTube and LinkedIn accounts.
PNC Bank is in the middle of a pilot project that aims to test out credit cards with constantly changing card verification values (or CVVs) to reduce online credit card fraud. The dynamic CVV is displayed on the back of such a card in e-ink and changes according to an algorithm supplied by Visa. The cards are being supplied by a company called Idemia, which announced its "Motion Code" dynamic CVV cards in 2016. Since then, Visa has detailed a specification for the dynamic CVV pairing, called dCVV2, and Visa is also a partner in getting this pilot project off the ground.
Observers of the U.S. payments market who have been expecting a surge in conversions to dual-interface cards may have been disappointed as CPI Card Group, one of the nation’s biggest card manufacturers, said it expects “dual interface to grow gradually as a proportion of the U.S. market” in 2019. Despite its cautious prediction for dual-interface cards, the company said it expects the total U.S. card-manufacturing market to grow this year, due in part to reissuance of EMV cards and in part to growth, however modest, in dual-interface plastic.
Spectrum Enterprise has released availability of a fully managed SD-WAN service in the U.S. The service integrates a number of third-party vendor’s components. Nuage remains the SD-WAN provider, but it relies on Fortinet for virtual security services, Netcracker for virtual network function (VNF) management, and Cisco for services orchestration.
This article contends that cost per contact is the most important measure of efficiency in the contact center. It states that the key factors that drive cost per contact can be roughly divided into four categories: 1) Agent productivity; 2) Channel mix; 3) Geography; and 4) Root cause elimination of contacts.