Fidelity Bond Legal Dispute Reveals Credit Union Fraud

Another fidelity bond legal dispute between the NCUA and an insurance company revealed that a former manager and assistant manager were running a check-kiting scheme that led to a loss of nearly $700,000 and contributed to the involuntary liquidation of an Indiana...

Millennials Shunning FIs’ Mobile Payment Apps

Millennials are pushing aside bank mobile payment apps in favor of third-party offerings such as Venmo, according to the results of a new survey, adding to concerns over how credit unions and other financial institutions are faring with the demographic...

4 Ways Fraudsters Exploit Mobile Devices

Customer expectations for frictionless mobile experiences lead to more opportunities for fraudsters, particularly when authenticating devices. And it’s due to variables that change suddenly, such as new phone numbers, SIM cards and carriers. The Atlanta-based...