Technology

Online Banking Creates CU Cyber Risks November 1, 2006 By Marjorie Young Many credit union executives would be surprised to learn their institution is not insured against losses related to online banking. Cyber liability is a huge and growing risk--one that, if not properly insured, could bankrupt a credit union.... READ MORE

'Haptic' Technology Enters ATMs November 1, 2006 Diebold Inc.'s new concept automated teller machine (ATM), Vectra, dispenses with a prominent design element: the button. Incorporating a design philosophy known as haptics, which is based on the sense of touch, the concept terminal replaces the traditional keypad and function keys with... READ MORE

Find Buried Treasure Within Member Interactions November 1, 2006 By Lynn Grogan Credit unions face significant challenges today--rising interest rates, industry consolidation, bringing in new business, and maintaining members' loyalty. In response, many credit unions are recognizing the importance of leveraging the information derived from everyday interactions between their members... READ MORE

Coin Counter Allows Electronic Transfers Into Consumers' Accounts November 1, 2006 Coinstar Inc., Bellevue, Wash., has developed the new Coinstar Direct Coin Depositâ„¢ service that will allow consumers to electronically transfer coins into personal accounts. This feature is complemented with Coinstar's new Madison coin-counting kiosk, specifically designed for retail financial... READ MORE

Mortgagebot Named to 2006 'Future 50' November 1, 2006 Mortgagebot LLC, Mequon, Wis., was named to the 2006 Future 50 list by the Metropolitan Milwaukee Association of Commerce Council of Small Business Executives. The list recognizes area companies that achieved growth in both revenue and employment. This is the second... READ MORE

Seven Tech Trends That Will Matter Most to CUs October 1, 2006 By Mark Sievewright As I think about technology trends that will shape the credit union movement's next chapter, the most difficult part is reducing the list to a manageable number. These "Magnificent Seven" trends, presented in alphabetical order,... READ MORE

CO-OP, Ensenta Introduce Multi-Function Kiosks October 1, 2006 Imagine a new technology that combines automated teller machine (ATM) and shared branching functionality in a single self-service machine, and also accepts digital deposits for both channels. CO-OP Financial Services, Ontario, Calif., the nation's largest credit union-owned electronic funds transfer network and... READ MORE

Share One Helps Clients Through Hurricane Season October 1, 2006 Share One Inc. , Memphis, Tenn., has unveiled its newest solution to protect credit union clients from natural disasters, acts of terrorism, and other potential threats to business continuation. A system replication project that mirrors the exact operation of the... READ MORE

Automated Lending Systems: Move Beyond Efficiency September 1, 2006 By Doug True If you believe consumer loans are a commodity, then your strategy shifts toward maximizing efficiency, right? You know, making your loan process as efficient as possible so you can enjoy a low-cost advantage. Inefficient processes are in your... READ MORE

How Technology Meets the Convenience Challenge September 1, 2006 By Theresa Benavidez When it comes to meeting member service expectations, technology is like the proverbial double-edged sword: it enables greater convenience, but raises the bar for service in the process. Technology's pervasiveness in consumers' lives forces credit unions to meet... READ MORE