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

Subscribe to our weekly e-mail newsletter and/or our monthly newsletter and stay on top of the latest technology trends in Hardware, Software, ATMs, Biometrics, Wireless, Online Banking, Marketing, Security, Internet Access and Call Centers.

February 1, 2021

This Week's News is Sponsored by Better Branches ~

BB

 

General News

 

Plaid Offers Deposit Switch

Plaid has launched Deposit Switch which offers CUs a tool to help consumers easily change which account their paychecks are deposited into. The company is relying on its instant switch method that connects a consumer’s payroll account directly through Plaid Link, the quick-start method to integrating with Plaid’s API.

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Leaders CU Goes Live with Sensibill for Digital Receipt Management

Sensibill announced that Jackson, TN-based Leaders Credit Union has launched the company’s digital receipt management solution to help members better budget and track expenses. Sensibill's tools are designed to help members with budgeting, warranties and returns, and taxes.

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Hardware News

 

Samsung’s New 870 Evo SSD Brings Faster Speeds, Lower Prices

Samsung’s new 860 SSD is apparently so fast that it can actually reach the maximum possible speed for sequential read and write on a SATA drive, with 560MB/s read and 530MB/s write speeds. The 870 Evo will be available in 250GB for $39, 500GB for $69, 1TB for $129, 2TB for $249, and 4TB for $479, with all featuring a five-year warranty.

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Cisco Adds 5G Option to Catalyst Router Portfolio

Cisco unveiled a new crop of Catalyst routers alongside its promised 5G cellular gateway. They have introduced four new appliances to the Catalyst 8000-series edge platform, which encompass routing, SD-WAN, security, compute and other functionality through the use of virtual network function (VNFs).

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

 

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Software Updates

 

Varonis Announces New Features to Secure Microsoft 365

Varonis announced new features for the Varonis Data Security Platform that they say will help organizations visualize and reduce sensitive data exposure created as a byproduct of increased collaboration across Microsoft 365, including Teams. For example, there are new dashboard modules that show where collaboration links, public sites, and permissions creep expose information to too many employees. Plus they have added new threat models for Azure AD that can help thwart attacks against customers' Microsoft 365 environments.

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Microsoft Releases Application Guard for Office to M365 Customers

Microsoft just released Application Guard for Office, a defensive technology that quarantines untrusted Office documents so attack code embedded in malicious files can't reach the operating system or its applications. Here is how it works: When you've enabled Application Guard and a user opens a file from a potentially unsafe location, Office opens the file in Application Guard; a secured, Hyper-V-enabled container isolated from the rest of a user's data through hardware-based virtualization.

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ATMs/Kiosks

 

Thieves Target ATMs Flush with Cash During Covid-19

Attempts to break into ATMs and steal cash more than doubled in the U.S. last year, as some criminals took advantage of civil unrest in cities and others targeted the larger-than-usual amounts of cash stocked in machines when FIs closed due to the coronavirus pandemic, ATM security companies said. For example, attempts to break into ATMs jumped about 150% from 2019 to 2020 at ATMs protected by 3SI Security Systems. Meanwhile, ATM thefts increased more than 50% in 2018 and 2019, based on surveys by the ATM Industry Association. The trade group said it didn’t do a 2020 survey due to the pandemic.

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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:  

Millennial Vision Inc. (MVi)

MVi

and their client is:

Glendale Area Schools Federal 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

 

Gen Z College Students Reveal Mobile Banking App Likes and Dislikes

Zogo recently held a Webinar roundtable with Gen Z college students entitled: "5 college students reveal things they hate about their banks." This video interview covers some of the highlights from the Webinar.

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Xiaomi Says Its ‘Air Charge’ Technology Works over Several Feet

Xiaomi has announced “Mi Air Charge Technology,” a wireless charging system that the company claims is able to charge devices “within a radius of several meters.” Multiple devices can be charged at 5W at the same time, according to Xiaomi, and physical obstacles apparently don’t reduce charging efficiency.

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Mastercard Unveils 'Enhanced Contactless' Tech for the Quantum World

Mastercard announced that it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments. Mastercard said that their solution dubbed Ecos works behind the scenes and is delivered via a software upgrade, therefore no new hardware or terminals are required. They claim that Ecos leverages new, quantum-resistant technology to deliver next-generation algorithms and cryptographic key strengths while keeping the contactless interaction under half a second.

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Security Section

 

Isolation-Based Security Technologies Are Gaining Prominence

Some security experts believe that remote browser isolation (RBI) will prove its value as a critical must-have enterprise technology in 2021. With a greater reliance on cloud applications as employees work from any location, the browser will become a more critical endpoint through which ransomware and other malware attacks are carried out. This means that many security teams will need to make securing the browser a top priority in the coming year.

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Technology and Marketing

 

11 Email Design Trends to Improve Your Email Marketing Strategy in 2021

The team from Uplers shared their top 11 email design trends for 2021 in this article's infographic: 1) Bid on Bold Typography; 2) Embrace the Dawn of Dark Mode; 3) Upgrade your email designs with Gradients; 4) Let your emails emote with Emotional Design; 5) Bring freshness in emails with Neumorphism; 6) Test Textured illustrations for 2D Images; 7) Add a new dimension to your emails with 3-Dimensional Images; 8) Phase in Phantasmagoric Collage; 9) Give voice to your email with Muted Colors; 10) Try out the marvel of Monochrome Layout; and 11) Spruce up your emails with Illustrated Animations.

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A Life-Changing CU Job Experience

Credit Union of Texas has hired special needs teens to be greeters in its lobbies, and the program has turned out not only to be life-changing for the young people but also an answer to a problem the CU previously could not solve. The students hold the door open for members as they enter the lobby, direct members to where they need to go, and if members have to wait, get them coffee or water and sit and talk. The program started in October (2020) and the feedback from members has been very positive.

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Online Banking/E-Commerce/Website Design

 

FIs Work to Streamline Links to Fintech Apps

The Clearing House Payments is piloting a solution designed to facilitate open banking called the “Streamlined Data Sharing Risk Assessment." The key to the new approach is a common questionnaire that all participating FIs agree to accept from each data network or financial-app developer.

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Legally Speaking, Is Digital Money Really Money?

Close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear, according to research conducted by the International Monetary Fund. The IMF paper reviewed the central bank laws of 174 IMF members, and found out that only about 40 are legally allowed to issue digital currencies. At 104 central banks, the law only authorizes the issuance of banknotes and coins.

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Internet Access

 

TetherView Launches Digital Bunker to Secure Private Clouds

TetherView announced the launch of Digital Bunker, a one-way-in and one-way-out private cloud solution. They claim that the Digital Bunker is the only Private Cloud solution that is Soc 2 Type 2 certified out of the box, offering companies a complete and easy path to compliance.

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Verizon Business Serves up New Bundle for Small Businesses

Verizon Business announced a new bundle for small businesses that includes security, broadband and LTE services: the Complete Business Bundle. With the new offering, small businesses get a 15% discount on monthly service charges with the 50 Mbps tier. LTE Business Internet, which also includes a router as part of the bundle, allows businesses to connect to 4G LTE with a plug-and-play install without the need for a truck roll.

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Call Centers

 

The Pandemic Has Readied the Runway for Chat Banking’s Takeoff

With chat banking, people turn to their favorite chat apps—like WhatsApp or Facebook Messenger—to complete routine banking tasks. Chat banking first arrived in emerging markets, where many consumers are mobile-only and mobile-first digital experiences are the priority. The author argues that chat banking overcomes app fatigue by opening a digital banking channel within apps that billions of people already use every day.

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