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IMM, an eSignature provider that specializes in eSignature and digital transaction solutions exclusively for FIs, announced Birmingham, AL-based America’s First FCU has successfully deployed IMM’s Teller Item Capture. The credit union has now gained processing efficiencies at the teller line by truncating the paper check real-time during the member transaction.
Annual Financial Reality Fairs offer real life adult experiences for Lansing, MI-area high school students, such as learning how to plan for everyday expenses as well as unexpected costs while staying within a budget. MSU Federal Credit Union recently donated $18,000 in grant funds it received from The National Credit Union Foundation to support the day-long events.
Dell announced a new service that brings the user experience for buying, installing, and using new servers on-premises as close as it can be to spinning up a VM in the cloud. Through a web portal, a data center manager selects location, specs, and number of servers they need, which kicks off the process of preparing the hardware for shipping and installing it in one or several data centers of the customer’s choice.
Encouraged by a recent green light from regulators, the financial services industry is exploring new ways of using artificial intelligence to help them comply with banking regulations and to better detect fraudulent transactions. Currently, transaction monitoring typically scrutinizes a limited data set and relies heavily on humans trained to spot red flags. Transactions are segmented by broad categories such as a client’s business type, location or risk level as determined by the FI, which allows significant data to fall through the cracks.
Within the retail segment, cash handling expenses run between 4% and 15%, according to analysis conducted by IHL Group in 2018. These numbers are mirrored in the FI sector, with McKinsey reporting cash costing between 5% and 10% of FI operational budgets. This article offers a few tips that can help develop your cash strategy within the branch.
More than half (55%) of U.S. mobile users said they hate the idea of life without cash, signifying a major hurdle for financial institutions, payments processors and tech companies that urge consumers to adopt digital wallets, a new report reveals. According to a survey by Origin, about three-fourths (76%) of mobile users carry cash, and 45% said there's no reason to use mobile payments.
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 author contends that there is a huge, growing security problem with SMS - it has become the root behind many types of cybercrime. Attackers can execute several types of cyberattacks through SMS, and he discusses two of them in this article.
The global wearable electronics market is expected to post a CAGR of more than 15% during the period 2019-2023, according to the latest market research report by Technavio. There has been a substantial increase in the integration of advanced technologies such as AI, VR, and contactless payments into wearable electronics devices. This is resulting in the rising demand for wearable electronic devices. Apart from these factors, the development of a mobile app ecosystem will also play a vital role in the growth of the market during the forecast period.
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
MobileIron has introduced what they are calling the industry’s first mobile-centric, zero trust security platform. Their goal is to make the mobile device your ID and access to the organization. They claim to be able to eliminate passwords for any device, whether managed or unmanaged.
The author posits that it does not matter whether you are on Facebook, Instagram, Twitter or Snapchat — all of these platforms are just too crowded to embrace the wishful thinking of “If you build it, they will come.” He states that by demonstrating authenticity, using employees as social media ambassadors and featuring personal stories, FIs can wield social media to engage consumers in new, meaningful ways and capture new leads.
Dobot, a clever automatic savings app with a simple interface and friendly name, helps Fifth Third Bank appeal to Millennials while also siphoning deposit dollars away from competitors. Dobot (the name is short for “the robot for your dough”) is a savings sweep app geared for Millennials. But the automated savings tool is also designed to make it easy for people who don’t think they can save, or don’t take the trouble to save, or don't put money away toward specific goals.
More than $39 billion was transferred through the Zelle Network during the first quarter, representing some 147 million transactions in all. Early Warning Services said 5,391 financial institutions are now using the Zelle Network. The figures include transfers via financial institutions’ mobile banking apps and debit cards that have been registered in the Zelle mobile app.
As SD-WAN, the network edge, hybrid cloud and 5G shift and mature, preparing network infrastructure and software capabilities to support these areas has become crucial, according to the GM of the VeloCloud business unit at VMware. An expanded SD-WAN platform would use data patterns and network performance information -- gleaned from thousands of customer deployments -- to detect patterns, determine fixes and automate policy changes. Although 5G networks aren't fully developed, the company believes an SD-WAN running on 5G could result in "single milliseconds kind of latency."
Cisco has added its Advanced Malware Protection (AMP) for Networks into its software-defined networking-wide are network (SD-WAN) console to further beef up WAN security. Cisco's SD-WAN customers are now able to sandbox and block standard polymorphic and file-less malware across wide area networks with a few clicks on the console. AMP works with Cisco's Viptela SD-WAN technologies.
The author maintains that Dynamic Routing (DR) is an effective way to ensure your contact center can flourish, featuring technological solutions that can have a considerable impact on CX (Customer Experience) and AX (Agent Experience). He goes on to lay out the case for implementing DR in your contact center.