Fed seeks comments on adopting NACHA same-day rule

The Federal Reserve board has issued a request for comment regarding proposed changes to its current same-day automated clearinghouse (ACH) payments rules. The Federal Reserve Banks propose to incorporate NACHA-The Electronic Payments Association’s recently adopted same-day ACH operating rules into Operating Circular 4, which governs Reserve Banks’ ACH service. The Fed currently operates a same-day […]

A Realistic Look at EMV | Part 1: Cost Versus Fraud

The noise continues to increase inside the payment sphere about the looming EMV liability shift deadline in October of 2015. However, we have noticed that the majority of media coverage is based on the assumption that most financial institutions will adopt EMV technology by this date. Although the adoption makes sense from a speed and […]

WSJ: Five Simple Steps to Protect Corporate Data

The Wall Street Journal (WSJ) reports on what companies should be doing to protect their computer systems – but aren’t in its article “Five Simple Steps to Protect Corporate Data.” WSJ writer Danny Yadron writes: The menace isn’t going away—it’s too profitable for those behind it. But there are a lot of smart people in […]

Loan growth sparks auto remarketing need

With the increase of job growth and consumer confidence so far in 2015, it is clear that the economy is moving swiftly in the right direction. According to CUNA Mutual Group’s Chief Economist Steve Rick in his February trend report video, we are currently experiencing a self-sustaining economic expansion period where several credit union factors […]