MADISON, Wis. - (10/26/05) -- UW CU said Tuesday it will becomethe first financial institution to deploy Corillian IntelligentAuthentication, a two-factor online user identification solution.The new system is designed to comply with the new federalregulatory directive that all credit unions and banks implementtwo-factor authentication for online transactions by the end of2006. The system builds a history of access signatures forindividual users by automatically collecting and validatinginformation about each user's computer and method of Internet siteaccess, leveraging a variety of identification points including IPaddress, Internet service provider, PC and browser settings, timeof day and geographic location.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
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The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
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