Landmark Member Wins $25K TurboTax Sweepstakes
NEW BERLIN, Wis.- Landmark CU said one lucky member won the $25,000 grand prize in the "This Way to 25K" TrboTax for Online Banking sweepstakes.
The winner, Danny Fatla of Grafton, won because he used TurboTax through his online banking at the $1.6-billion credit union.
Landmark teamed with Intuit Financial Services, the credit union's online banking provider, to offer the sweepstakes. Any Landmark member who logged on and took a free "test drive" of the tax preparation software through Landmark's website was automatically entered in the sweepstakes. Hundreds of other financial institutions throughout the U.S. also participated.
Andera Unveils FortiFI Fraud Solution
PROVIDENCE, R.I.-Andera Inc., a provider of online consumer acquisition solutions for retail financial institutions, has launched FortiFI, its hosted software solution that it says flags suspicious consumer data patterns in real time to stop online account opening fraud before it is too late.
"Andera's development of FortiFI marks a new era in fraud prevention, which has historically focused on detecting fraud from existing customer accounts instead of new customer activity," the company said.
"Sixty-three percent of financial institutions that we surveyed reported one or more instances of fraud, averaging $20,000 and ranging over $100,000," said Andrea Hunter, product manager. "Early on, FortiFI is preventing 99.5% of online account opening fraud."
Journal Now Accepting Best Practice Nominations
WEST PALM BEACH, Fla.-Credit Union Journal is now accepting entries for its 2011 Best Practices Awards.
As always, we have made the Awards very easy to enter. The awards are free to enter, and are open to natural-person and corporate credit unions, CUSOs, and vendors and associations, which may nominate a client/member credit union.
The Best Practice Awards deliberately avoid categories, and are aimed at recognizing achievements across the entire credit union enterprise, from improved member service, cross-sales, loan promotions, expense reductions, better deployment of staff, facilities, branch strategies, training, board programs, etc. In short, if your credit union has done something you believe deserves recognition and which other CUs could learn from, the Journal's Best Practices Awards are for you.
* Best practice must have been deployed since May 1, 2010.
* You are welcome to nominate more than one Best Practice if you are a credit union or CUSO, and more than one credit union if you are a vendor, CUSO or association.
* The entry should include: 500 words or fewer on why you believes a Best Practice has been created.
* The nomination essay should include as many tangible measures as practical (including ROI where available) documenting the best practice; the background on environment prior to the implementation of the best practice; factors driving adoption of the best practice, and any new products/solutions deployed to achieve the best practice.
You may e-mail Managing Editor Lisa Freeman at email@example.com, or Editor Frank J. Diekmann at firstname.lastname@example.org. Deadline for entries is July 1.
Best Practices Award winners will be profiled in Credit Union Journal later this year.