archives

FundsXpress Financial Network, Inc., the premier provider of online financial services, today announced a multi-year extension and expansion of their successful business partnership with Memphis Area Teachers’ Credit Union (MATCU), a non-profit, member-owned financial institution with 15 locations throughout the Memphis, Tennessee area. MATCU has more than $509 million in assets.

"It's an absolute disgrace that the agency put together to assist veterans has done this," said Bob Wallace, executive director for the Veterans of Foreign Wars. "This could ruin some vets' lives."

Web-Based Loan Processing Solution to Strengthen Credit Union's Growing Branch Network
ALBANY, N.Y.--(BUSINESS WIRE)--May 22, 2006--IA Systems, a provider of lending software and services to credit unions, banks, and other financial institutions, announced that $1.7 billion Texans Credit Union selected StreamLend Velocity to support its direct and indirect lending programs.

Chances are you are seeing more and more stories about phishing with a twist using the telephone to collect the victim’s personal data. You may even have personally experienced such activities yourself. We have been seeing this type of activity for some time and have personally experienced a similar scam but with a different spin.

MasterCard International today introduced two new authentication solutions, the MasterCard All-in-One Authentication Device and MasterCard Mobile Authentication, designed to enhance security for both online banking and e-commerce transactions. Both solutions are based on the proven MasterCard authentication standard, known as the OneSmart Chip Authentication Program (CAP), currently in use in multiple countries around the world.
The two solutions provide enhanced security by offering “two-factor authentication,” whereby a consumer employs something only he or she knows (such as a PIN) in tandem with something he/she has (an authentication device or a mobile phone).

In the financial community, interest in two-factor authentication continues to rise. Last October, to help protect banks and consumers from online fraud, the Federal Financial Institutions Examination Council (FFIEC) issued guidance that directed financial institutions to, upgrade from single- to two-factor authentication for “high-risk” online transactions. The FFIEC considers high-risk transactions to be those involving access to customer information or the movement of funds to other parties.

By Sue Kirchhoff and Sandra Block, USA TODAY
WASHINGTON — Priscilla Saavedra waited four long years for her husband, Vicente, to earn U.S. resident status. After he finally emigrated from Mexico last year, the couple faced a new challenge: his lack of credit history.

MINNEAPOLIS--(BUSINESS WIRE)--May 17, 2006--MoneyGram International, Inc., (NYSE:MGI) announced today the re-signing of a multi-year contract to provide official check processing for American Eagle Federal Credit Union of East Hartford, CT. Under the agreement, MoneyGram will provide its complete official check outsourcing solution called PrimeLink(R).