It is a scenario every credit union dreads – a security breach that either compromises member data or locks employees out of network servers.
0 Comments Click here to read/write comments
Topics: Vendor management, Credit Unions, Cyberattacks, Encryption, Cybersecurity, Zero Trust Architecture
I recently attended the Fintech + Insurtech Generations conference in Charlotte, N.C., which brings together visionaries across the broad spectrum of finance and technology.
0 Comments Click here to read/write comments
Topics: Payments, Open Banking, Digital Assets, Blockchain, Regulation
![Tokenization-Blog-Image[47]](https://blog.srmcorp.com/hs-fs/hubfs/Tokenization-Blog-Image%5B47%5D.jpg?width=829&height=476&name=Tokenization-Blog-Image%5B47%5D.jpg)
Most bankers associate the term “tokenization” with data security and authentication routines used to prevent system intrusions. Apart from a handful of innovators, few institutions have focused on tokenization – the process of creating a digital representation of any item of value.
0 Comments Click here to read/write comments
Topics: Payments, Blockchain, FedNow, Tokenization, Commercial Banking
Sens. Dick Durbin (D-Ill.)t, Peter Welch (D-Vt.), Roger Marshall (R-Kan.), and J.D. Vance (R-Ohio) have re-introduced the bipartisan Credit Card Competition Act of 2023 (CCCA). Companion legislation was introduced in the House by Reps. by Lance Gooden (R-Texas) and Zoe Lofgren (D-Calif.).
0 Comments Click here to read/write comments
Topics: Visa, Interchange, credit card competition act, Durbin, Mastercard, Issuers
For several years, federal stimulus dollars swelled the checking account balances of many consumers, who found few, if any, safe alternatives to earn higher yields. That era has now receded into the rearview mirror.
0 Comments Click here to read/write comments
Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Deposits, liquidity, Gig Economy
Real-time payments (aka RTP) have become an increasingly hot topic for bankers as the launch of FedNow, a new instant payment infrastructure established by the Federal Reserve, nears. It will enable financial institutions of every size across the U.S. to provide safe and efficient instant payment services. The service moves from the pilot stage to a full launch in July 2023 and will be rolled out in several phases of functionality.
0 Comments Click here to read/write comments
Topics: Vendor Negotiation, Mortgages, FedNow, Real-time payments, RTP, The Clearing House
Banks and credit unions are taking a new look at the role their core systems play in delivering products and services to customers.
0 Comments Click here to read/write comments
Topics: Innovation, Fintech, Vendor management, Core Platforms, Cloud
The first quarter will not be easily forgotten, given two of the biggest-ever bank failures and the ensuing panic that engulfed several other regional banks.
0 Comments Click here to read/write comments
Topics: Deposits, Apple Savings, Securities, Commercial Real Estate, Net Income
The Consensus 2023 conference was a fruitful experience for those hungry to know more about emerging digital asset trends. Over 15,000 people from various industries attended the CoinDesk-hosted event in Austin, Texas. Well-known and admired companies, including PayPal, Pepsi, Franklin Templeton, and Mastercard, were on site to share stories about their blockchain-related projects.
0 Comments Click here to read/write comments
Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Digital Assets, Blockchain, Regulation, Digital Identification
![depositsblog[70]](https://blog.srmcorp.com/hs-fs/hubfs/depositsblog%5B70%5D.jpg?width=829&height=476&name=depositsblog%5B70%5D.jpg)
The deposit market, which had been remarkably dull and easy to overlook for over a decade, continues to deliver new twists. The latest shot across the bow comes courtesy of Apple and Goldman Sachs – in the form of a savings account with a 4.15% annual rate and no minimum balance.
0 Comments Click here to read/write comments
Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Deposits, liquidity, Apple Savings
