Fraud Card Loss Climbs; Cash Use Remains Strong

Credit card losses from fraud cases reached new levels in 2015 for credit unions and other financial institutions.  Fraud losses incurred by financial institutions and merchants’ credit, debit, and prepaid general purpose and private label payment cards...

First Phase of Same-Day ACH Lands Smoothly for Most

The first month of same-day ACH appears to have come in like a lion and gone out like a lamb. Despite grumbling about fees and fraud concerns leading up to the Sept. 23 addition of two new same-day settlement windows for credits on the ACH network, the change has...

Soft Skills Rule

A recent LinkedIn study found that of 291 hiring managers surveyed, 59% agreed that finding employees with the right soft skills is much more difficult than finding employees with adequate technical skills. They also found that these skills are particularly important,...

30 Credit Unions Fined for Filing Late Call Reports

Thirty federally insured credit unions were penalized for filing required call reports late during the first quarter of the year—twice as many as in the first quarter of 2015, the NCUA announced. The 30 credit unions agreed to pay penalties totaling $20,036, the...