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Sharetec System announced that PBA Federal Credit Union has signed with Sharetec to be their next core processing solution. PBA FCU will also be taking on products such as Mobile Banking, Sharetec Online Loan Application, and remote eSign.
Kinecta Federal Credit Union announced its 2020 “Youth Scholarships and Teaching Grants for Growth” program. Eight $2,000 scholarships will be awarded to help full-time students make higher education a reality, and six $2,000 grants will be given to teachers to help them bolster instruction and classroom projects.
Zyxel Communications launched the ZyWALL VPN1000 VPN Firewall, an all-in-one security solution for small and medium businesses. It combines a firewall with high-performance VPN tunnel capabilities to help protect the local network against threats and safeguard data communications between multiple locations or hybrid clouds.
Antivirus products were tested on three primary criteria: protection, performance and usability. Four of the products tested earned a perfect rating of 6 for each of those criteria.
This article states that the trusty ATM was the first widely available “digital banking experience” and people trust them to a surprising extent. The ATM’s sheer familiarity is one of its greatest advantages. It goes on to tout the advanatages of ITMs, or interactive teller machines, and their bright future.
The number of ATM cash withdrawals fell to 5.1 billion in 2018, a slight decline of 0.1 billion since 2015, while the value grew to $0.80 trillion, an increase of $0.03 trillion from 2015. The author asks: "If the value of withdrawals is growing at a rate 167% of the rate of decline, can you really say that there is any decline?"
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:
A global study of 6,000 consumers in select countries in Europe, APAC and the Americas, commissioned by Wirecard, found that many want to use new technologies that make the shopping experience more convenient. This includes using an app to purchase products using self-checkout (71% somewhat or very interested). 44% of consumers said they either somewhat or strongly agree that if a physical store didn’t offer ways to purchase using their mobile phone, they’d be less likely to shop there.
Combining 4G and 5G cellular services with SD-WAN can give organizations connectivity options that are faster than wired alternatives such as MPLS and that provide benefits including rapid provisioning, improved reliability and more bandwidth for less money. 4G LTE is already in widespread use at branch locations to ensure high availability and reliability in the event of slowdowns or outages in primary wired circuits. It also provides rural sites with additional WAN options beyond DSL and T-1 circuits. As leading wireless operators compete for 5G customers, more options may emerge such as unlimited data plans that could provide branch locations with higher bandwidth at fixed costs.
The MAP App™ is the first network-branded prepaid card exclusively serving credit unions to offer mobile banking -
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Eight out of the 10 most exploited vulnerabilities in 2019 impacted Microsoft products. The other two—including the most exploited flaw—involved Adobe Flash Player, the previous top attacker favorite, according to analysis by Recorded Future.
Core Systems as Multilayered Data Management Systems
How can FI marketers update their content and offerings – web content, mailers, infographics, financial calculators and more – to appeal to different types of consumers? This article states that the future of banking lies in empathetic digital products and communication, and it’s time for the industry’s marketing to reflect it. It goes on to offer some strategies for building authentic connections with newer generations.
According to this article, FIs and FinTechs need each other, but for different reasons. FinTechs often need regulated entities for the innovative use cases that solve particular financial and payment frictions for people and businesses. FIs need innovative solutions for those same reasons, but they often lack the teams, infrastructure and resources to develop solutions and get them to market in a relevant timeframe. It suggests that APIs wil be key in forging these relationships.
The company’s interchange rates will go up or down depending on the merchant and the way a consumer pays for their purchases. Higher rates are looming for transactions on e-commerce sites, while retailers in certain services categories, such as real estate and education, will see fees decline. Visa has planned a two-part implementation as a way to give processors more time to implement the changes.
Hybrid cloud environments can deliver an array of benefits, but in many organizations, they're becoming increasingly complex and difficult to manage. A complex hybrid cloud requires constant oversight as well as a way to intuitively and effectively manage an array of operations, including network performance, workload management, security and cost control. Unfortunately, the current hybrid cloud management market is both immature and evolving. A lack of standardized APIs, which in turn results in a shortage of standardized management tools, presents another adoption challenge. The good news is that despite management challenges, most hybrid cloud adopters find a way to get their environment to function effectively, reliably and securely.
Early SD-WAN products provided enterprises with a way to decommission expensive, inflexible MPLS links, connect branch offices directly to the cloud and optimize WAN traffic. But many of the initial SD-WAN offerings lacked features such as integrated firewalls, application-aware routing, and advanced data analytics. Over time, SD-WAN vendors have beefed up their products to encompass a robust set of additional features. This article details some under-used features that might come with new SD-WAN appliances.
In recent years, while everything from loan origination systems to CRM to digital banking moved “to the cloud,” contact center platforms remained one of the last bastions of on-premise banking technology. The author states that the business outcomes delivered by cloud players are compelling: 1) Increased agent flexibility; 2) Reduced administrative burden; and 3) Modernized user experience.