SAN JOSE, Calif. - (01/26/06) Technology CU said it hasimplemented PassMark Securitys Two-Factor, Two-Wayauthentication system and converted all of its online bankingmembers to the new security platform. The system provides a securetwo-factor authentication and anti-fraud filtering in compliancewith the new requirement for two-factor authentication by federalregulators. Each Tech CU was given a secretPassMarkconsisting of a small image and a phrase created ythe member--that Tech CU will subsequently display to the memberduring the log-on, to ensure that the member has reached alegitimate website and is not a spoofedsite.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
5h ago -
The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
10h ago -
Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
10h ago -
AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
11h ago