Last October, I was in Kenya with World Council of Credit Unions representatives. As I bounced along a rural road outside
Nairobi, two of my Kenyan traveling companions had this conversation:
By Steve Gibbs In recent years, regulatory requirements such as the Bank Secrecy Act and the Fair and Accurate Credit Transactions
Act’s Identity Theft Red Flags have diverted our attention from many basic—and equally important—directives
and regulations. In particular, the need to perform a periodic Web site compliance review has...
Chip is fast becoming the global standard for credit card security—except in the U.S. In the early 1990s, I was part
of the working team that developed and rolled out the “EMV” standards for chip cards. EMV is the industry abbreviation
for the consortium of three companies—Europay International,...
CUs lead the push for remote deposit capture. Jerry Federico recalls leaving his booth briefly at a recent trade show. “When
we came back, a passerby who’d just seen our demo was instructing another visitor how to use our remote deposit capture
software. He'd learned how to do...