COLUMBIA, S.C. - Computer crimes - including viruses, worms and denial-of-service attacks along with actual theft of information and assets - continue to soar, and while a price tag is hard to place on the damage, there is an intangible cost that credit unions particularly should fear, experts say. "Members...

COLUMBIA, S.C. - The national effort to fight terrorism at its financial roots is now posing a challenge to credit unions: How do you match your member rolls against the Treasury Department's list of more than 7,000 suspected terrorists, international drug dealers and other undesirables? The problem is not just...

COLUMBIA, S.C. - A software company whose products help screen 85% of all U.S. credit card transactions now wants to throw its neural net over money laundering. HNC Software (www.hnc.com) of San Diego, Calif., now is offering Falcon for Money Laundering to the financial-services industry. Falcon software uses neural network-based...

COLUMBIA, S.C. - When the term virtual private network (VPN) entered the lexicon of financial technology, it had a pretty specific meaning: a pipeline of data transfer through the wide-open Internet secured by SSL or other encryption methods. That definition is now expanding. For instance, there's this from Harold Randolph,...

COLUMBIA, S.C. - The tragic terrorist attacks have awakened America to seemingly unthinkable threats such as biological warfare. For credit unions the attacks drive home the need for solid disaster recovery planning, especially data recovery. Moments after skyjacked planes slammed into the heart of America's financial and defense communities, Navy...

COLUMBIA, S.C. - While it's hard to pin a dollar amount on the savings credit unions enjoy after adopting paperless receipt systems, those that have jumped on the bandwagon, and the core processors serving them, agree the time has come. "We certainly see a growing interest in receipt imaging. It's...

COLUMBIA, S.C. - Ray Crouse had to answer a question from the boss the other day. "Our CEO wanted to know what we were doing to investigate CRM software. We came to the conclusion that we already have CRM software here," says the e-services manager at Allegacy Federal Credit Union...

As credit unions foray further into the world of e-commerce, they take with them the same responsibilities for consumer protection that exist in the brick-and-mortar world of financial transactions. That's something a lot of credit unions are not keeping up with, according to a compliance expert who works with both...