MADISON, Wis.— TruStage said the cyberattack that has disrupted its operations for more than a month has been contained and that investigators have found no evidence of continuing intrusion, but the company cautioned credit union partners it could be another two to three months before it knows whether member or employee data was compromised.
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NEW YORK--Facial recognition and liveness detection have become standard defenses against digital identity fraud, but fraud experts say a new generation of inexpensive artificial intelligence tools is rapidly eroding those protections, allowing organized criminal rings to create synthetic borrowers capable of evading detection for months—or even years.
NEW YORK— The reported interest by several of the nation's largest banks in acquiring Fiserv's debit card network has largely been viewed as another chapter in the long-running battle over interchange fees and the Durbin Amendment.
WASHINGTON—Two influential Republican senators have signed on to the Credit Card Competition Act, giving new momentum to legislation fiercely opposed by credit unions and potentially turning a dispute over cryptocurrency legislation into a renewed battle over interchange fees.
WASHINGTON— Open banking may no longer be a looming regulatory requirement for most credit unions—but ignoring it could still prove costly.
WASHINGTON—For years, banks have invested heavily in tools designed to help consumers better manage their money, from budgeting apps and credit score monitoring to savings programs and personalized financial guidance. Yet a new study suggests that even as customers increasingly recognize those efforts, many still aren't taking advantage of them.
AVENTURA, Fla.— Standing together on the main stage at the Defense Credit Union Council's Annual Conference here, the leaders of the credit union movement's two largest national trade groups delivered a unified message that the industry's future will depend less on individual advocacy victories and more on collaboration as banks, fintechs and political opponents intensify pressure on the cooperative model.
SOUTH BEND, Ind. — Credit unions increasingly recognize that aging lending platforms are limiting growth, increasing compliance and cybersecurity risks, and making it harder to compete, but many lack the staff and resources needed to modernize before those risks become more costly, according to new research from lending technology provider Carleton.
MADISON, Wis.— TruStage expects the majority of its key operational processes to be back online by mid-August following the sweeping cyberattack that forced the company to shut down systems earlier this month, while executives say they still do not know whether credit union member data was accessed during the incident.
SAN ANTONIO—By acquiring PayPal, Stripe wouldn't simply create a larger payments company—it could accelerate the emergence of a consumer financial powerhouse capable of competing more directly with banks and credit unions for payments, deposits and everyday financial relationships.