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Your source for the latest technology information of interest to credit unions across America.

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September 27, 2021

This Week's News is Sponsored by Better Branches ~

BB

 

General News

 

MeridianLink’s TazWorks Expands Employment Verification Capabilities with Partner MeasureOne

MeridianLink announced that TazWorks, its technology platform for independent background screening professionals, has expanded employment verification offerings with data provider MeasureOne. MeasureOne’s consumer-permissioned data platform-as-a-service is an automated system for accessing, acquiring, parsing, and delivering education, employment, income, and other consumer data solutions.

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BAE Enhances NetReveal

BAE Systems Applied Intelligence announced that they are adding numerous new enhancements to its NetReveal Compliance Solution Suite to help CUs remain compliant in today's complex and evolving money laundering environment.

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Hardware News

 

Tape Backup as a Defense vs. Ransomware

Tape is definitely not the best choice for primary recovery, but it does have features that make it a credible option for restoring systems and data that have fallen victim to ransomware without having to pay the ransom. The cloud has many more upsides than tape as a recovery tool in general, but there are circumstances where tape should be seriously considered, and ransomware recovery is one of them.

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The Top Tablets for Business Professionals

This article reviews some high quality tablets that might may fill your business needs: Samsung Galaxy Tab S7/S7+; The Microsoft Surface series; Samsung Galaxy Tab Active Pro; and the HP Elite X2 G8.

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IBM Ships High-Density Tape Drives Based on Lastest Spec

IBM announced the general availability of the industry’s first magnetic tapes and drives based on the LTO-9 Ultrium specification for massive data capacity and resilience. The Linear Tape-Open (LTO) 9 spec features a 50% improvement in capacity over LTO-8, which translates to 18TB native capacity, or 45TB after data is compressed. Fujifilm and Sony announced media last month, but IBM is the first with a drive.

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Hardware Section Sponsored by
Millennial Vision, Inc. (MVi)

 

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Software Updates

 

Druva Introduces Curated Recovery Technology for Accelerated Ransomware Recovery

Druva has introduced what they claim is the industry’s first and only curated recovery technology, leveraging intelligent automation, for accelerated ransomware recovery. They say that Druva Curated Recovery mitigates the impact of a ransomware attack by building an uncorrupted, unencrypted and malware-free recovery point to ensure a successful recovery before one is ever initiated.

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Microsoft Releases New Perpetual Office

Microsoft announced the availability of the next edition of perpetual-license Office for commercial customers. Dubbed "Office LTSC 2021," as in "Long-term Support Channel," the new Office suite was built as a subset of the feature catalog of Office 365 (and its more expensive, expansive sibling, Microsoft 365) that, once released, will live unchanged until it exhausts support. However, LTSC 2021 includes only some, but not all, features that are available in versions of Office that come with a Microsoft 365 (or Office 365) plan.

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Synology Releases C2 Backup for Windows

Synology announced the launch of its newest Synology C2 cloud application called C2 Backup which provides data protection for Windows devices, whether they are located at home or distributed across multiple offices. With C2 Backup For Individuals and C2 Backup For Businesses, the firm claims that everything on Windows PCs and servers can be securely and efficiently backed up from a single console. This includes system configurations and software, files and folders, and external drives.

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ATMs/Kiosks

 

2 Reasons Cashless May Be a Bit Overblown

Some people argue the future is cashless and cash is old news. However, the author contends that this is not the case. His two main reasons are: 1) financially underserved populations simply aren't going to be able to function in a cashless economy and 2) consumers have not abandoned physical experiences entirely and many local governments believe that refusing to take cash is a form of discrimination.

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CU Success Stories  

 

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:  

AppSense

AppSense

and their client is:

Conexus Credit Union

Credit Unions - if you have a vendor that you are happy with then please This email address is being protected from spambots. You need JavaScript enabled to view it.!

Vendors - if you have a credit union that is happy with your solutions then please This email address is being protected from spambots. You need JavaScript enabled to view it. and we will give you a $100 discount on your Case Study!

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Wireless World

 

Verizon Has Big Plans for Fixed Wireless Access

Verizon's CEO has pointed to fixed wireless access (FWA) as a key tool in its quest to expand its broadband reach further and faster. He explained that Fios and its 4G and 5G FWA products are part of a patchwork of solutions the operator is leveraging to deliver a “full nationwide broadband offering.” He added FWA gives the company an opportunity to serve up broadband to its sprawling base of wireless customers outside its ILEC footprint.

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Consumers Expect Contactless

Just over two-thirds of consumers globally (67%) now expect bricks-and-mortar retail stores to accept contactless payments and just under half (44%) wouldn’t shop at a store that only offers payment methods that require contact with a cashier or shared device, a survey of merchants and consumers in nine countries around the world has found. The fifth edition of The Visa Back to Business Study also found that 68% of consumers say that the Covid-19 pandemic has permanently changed how they make payments “with a preference on safer and touchless ways to pay” and that 60% expect to use contactless payments whenever possible in the next three months.

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Security Section

 

CoSoSys Updates Endpoint Protector

CoSoSys launched the latest version of its Endpoint Protector solution. In addition to a new user interface, Endpoint Protector 5.4.0.0 brings a host of new features to customers, including support for user remediation, and the ability to use the Azure AD API in Microsoft Graph to synchronize user profiles.

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Leaders Roundtable

Core Systems:

Optimizing Your Core System


Celent - http://www.celent.com
Read Stephen Greer's comments:
https://www.cunews.com/Celent.pdf

 
Enhanced Software Products - https://www.espsolution.net
Read Matt Lefler's comments:
https://www.cunews.com/ESP.pdf

Member Driven Technologies - http://www.mdtmi.com
Read Matt Baaki's comments:
https://www.cunews.com/MDT.pdf

Symitar - http://www.symitar.com
Read Shanon McLachlan's comments:
https://www.cunews.com/Symitar.pdf

TCS - http://www.tcs.com
Read TCS BaNCS Global Banking Team's comments:
https://www.cunews.com/TCS.pdf

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Technology and Marketing

 

5 Key Habits for CU Marketing Teams

This article offers 5 tips to better optimize and improve your Marketing team’s efficiency and performance: 1 – Check-in Regularly to Ensure Strat Plan Alignment; 2 – Justify Your Marketing Spend; 3 – Understanding Your Target Audience; 4 – Know Your Enemy and Know Thyself; and 5 – Design Matters.

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Why Local Marketing Still Matters in the Digital Age

When budgets are limited, local marketing creates better conversions and more reliable monthly earnings, according to the author. She notes that local marketing is less expensive than regional and national campaigns and goes on to discuss some local marketing strategies.

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Online Banking/E-Commerce/Website Design

 

PayPal Launches Its ‘Super App’ with a Raft of Shopping, Payments, and Banking Features

PayPal has launched a new version of its mobile app with a panoply of new shopping and financial features aimed at broadening the product’s appeal with consumers who are increasingly turning to online commerce. The big refresh, the first PayPal has executed on its digital wallet for at least seven years, includes features such as a high-yield savings account via long-time PayPal partner Synchrony Bank, cash back or PayPal shopping credit on spending, consolidated bill payment, direct deposit for early access to wages, and a utility to buy, hold, and sell cryptocurrency.

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Growth in E-Commerce Is Fueling a Big Rise in CNP Fraud

Despite the percentage of card-not-present fraud transactions steadily hovering in the 10% to 13% range between the first quarter of 2020 and the same period in 2021, the average ticket size for fraudulent CNP transactions has steadily grown during that time, says a report from fraud-prevention platform provider Vesta. Globally, the average ticket for a fraudulent CNP transaction rose from $126 during 2020’s first quarter to $134 in the first quarter this year.

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Internet Access

 

OWASP Top 10 2021: The Most Serious Web Application Security Risks

The definitive OWASP Top 10 2021 list is out, and it shows that broken access control is currently the most serious web application security risk. According to OWASP, there are three new categories in this most recent version of the OWASP Top 10 list: Insecure Design, Software and Data Integrity Failures, and Security Logging and Monitoring Failures.

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Nutanix Offers Virtual Private Cloud HCI, Multicloud Workload Management

Nutanix is releasing enhancements to its AOS operating system and Era database-management service designed to make it easier for organizations to manage data, workloads, and business-continuity security tools in hybrid cloud environments via software-defined networking capabilities. AOS and Era are both components of the Nutanix Cloud Platform. AOS 6, the new version of Nutanix's hyperconverged infrastructure (HCI) software, is designed to simplify network management across multiple clouds and enable organizations to build virtual private clouds.

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Call Centers

 

Banking on Bots: Mitigating Algorithmic Bias in Financial Services

Deploying machine learning models is a responsibility as well as a tool for all organizations that work with AI. While removing bias is essential for improving new accountholder onboarding and user journeys, the author posits that FIs have an ethical imperative to minimize cases of AI bias and understand how it arises in their models and interactions.

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