FFIEC Adds Cybersecurity Group
ALEXANDRIA, Va.-The Federal Financial Institutions Examination Council, which includes NCUA, has formed a Cybersecurity and Critical Infrastructure Working Group with a goal of enhancing communication among the FFIEC member agencies. It will also seek to build on existing efforts to strengthen the activities of other interagency and private-sector groups, such as: the FFIEC's Information Technology Subcommittee of the Task Force on Supervision; the Financial and Banking Information Infrastructure Committee; the Financial Services Sector Coordinating Council; and the Financial Services Information Sharing and Analysis Center.
SSFCU Unveils 'myBranch'
SAN ANTONIO-Security Service FCU has unveiled "myBranch," a redesigned online banking platform (formerly known as CompuBranch), to its nearly 190,000 online members. The inaugural release of the platform comes on the heels of the launch of myBranch Mobile. The overhaul includes: a new design; the ability to pay loans and transfer funds from other institutions; pre-filled deposit account applications; and download options in the latest formats for common personal financial management software programs, such as Quicken and Quick Books.
Credit Union App Update
MOUNTAIN VIEW, Calif.--First Tech FCU has introduced a Windows Phone mobile banking app that has been ranked as one of the top 20 best-rated apps in the windowsphone.com app store; receiving 129 reviews and scoring 4.5 out of 5 stars. (The CU had already released an app for iPhone and Android users.)
Meanwhile, in Pittsburgh, Century Heritage FCU has begun offering mobile banking through CSCU and MShift. And Vantage CU of St. Louis has launched a new iPhone mobile banking app, MyMobile, which is also compatible with other Apple products.
65+ Audience Not Mobile Fans
BOSTON-A recent Aite Group survey confirmed what many FIs have suspected-consumers age 65 and older have little interest in mobile banking. Ron Shevlin, senior analyst said: "The cell phone or smartphone-for older adults-is just too darn small to read. Plus, consumers in this age group also are not fans of mobile because they have little incentive to change and mobile is simply not that important to them."
The finding is from the report, Mobile Banking Forecast: Smartphone and Tablet Use in the United States, which also found that of those 65 and older, only 10% reported owning a smartphone and 14% had a tablet device.
