Compliance Center: FFIEC Issues Interbank Messaging and Wholesale Payment Network Advisory Statement

FFIEC recently released a statement advising financial institutions that actively manage the risks associated with interbank messaging and wholesale payment networks.

Foster-Keddie Assumes Chairmanship of CFPB Credit Union Advisory Council

The Council was created to give the CFPB direct feedback from credit unions on the impact of regulation on credit unions’ daily operations.

CO-OP: Credit Card Program Integration Not Just for Members

In this Q&A with CO-OP Financial Services’ VP of credit issuer processing, she shares insights into making credit card program integration work for the credit union as well as the member.

Compliance Center: “Shellshock” Vulnerability Threatens Credit Union Systems

FFIEC advice on the Shellshock vulnerability; Power of attorney filing question; and this week’s legal briefs.

FFIEC Issues a Warning about Increased Cyber Attacks On ATMs

A statement from the Federal Financial Institutions Examinations Council lists the steps credit unions should take to address the threat posed by cyber attacks on ATM and card authorization systems. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union stop payment on a cashier’s check, teller’s check or certified check?”

Strategic Link Question of the Week

Strategic Link partner Repo Remarketing offers a potential solution to credit unions trying to locate repossessed vehicles. The License Plate Camera Systems program is discussed in this week’s Strategic Link Question of the Week.

NCUA Issues Risk Alert Concerning the Mitigation of DDoS Attacks

A risk alert issued recently by the NCUA provides credit unions with guidance and steps to follow to mitigate distributed denial-of-service (DDoS) attacks.

Strategic Link Question of the Week

It has been 15 years since we upgraded our security system. Who does the NWCUA endorse for security surveillance products?

Will 2013 Be the Year of the Cyber Threat?

In 2012, terms like “fiscal cliff” and “regulatory burden” became part of the credit union lexicon. With the threat of cyber attacks looming, 2013 may see terms like “Project Blitzkrieg,” “DDos,” and “Shamoom” added to the credit union vernacular. Is your credit union prepared?

Jeff Russell to Credit Unions: Prepare for Change

“Consumers want options, which is what companies like Google, Dwolla and Paypal bring to the space,” Jeff Russell told NWCUA Convention-goers during Thursday morning’s general session. “Because a large percentage of earned income from exchange fees, which is declining, credit unions have got to be ready.”

Alert to Credit Unions: Be Vigilant Protecting Internet Systems

Credit unions must be on the alert in the wake of a massive cyber attack targeting the nation’s largest banks. A Middle Eastern group has claimed responsibility for the hacking, which blocked millions of customers from access to their online accounts for several hours.

Standard Flood Hazard Determination Form Revised

The Standard Flood Hazard Determination Form has been revised. The agency will be allowing users a three-year transition period ending May 30, 2015, so user systems can be changed before final adoption of the form is required.

Convention Speaker to Present a Compelling Case for Owning, Innovating Payment Systems

Payments are the key to the future of credit unions, according to one of the keynote speakers at the upcoming NWCUA 2012 Convention and Annual Business Meeting. Jeff Russell presents a riveting case for staying competitive.

Through Statement Repurposing, Statements and Bills Become One-to-One Marketing Opportunities

Kaye-Smith’s Dick Ehrig outlines how repurposing monthly bills and statements can provide credit unions with the framework for an individualized marketing plan.