RIVERSIDE, Calif. - (01/11/06) Increasing numbers of creditunions are turning to Voice Over Internet Protocol to improve theperformance and reduce costs of their telephone service. Voice OverInternet Protocol enables voice conversations through privateInternet-based networks or the public Internet. Businesses pay afee to an Internet service provider to use the Internet, but thecall itself carries little or no fee as long as it is transmittedwithin the voice-over IP network. Among the area credit unions thathave introduced VoIP are Wescom CU and Altura CU. Altura CU, inRiverside, invested about $100,000 in a 100-telephone Internetnetwork for its call center, mostly for routing calls among officesand at-home workers. The credit union uses NEC and Cisco Systemsequipment. Irvine-based Zeacom Inc. Routes incoming calls over theInternet to Alturas 11 branches and five CUSOoffices.
-
During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
2h ago -
PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
2h ago -
Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
2h ago -
New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
2h ago -
America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
3h ago -
Mastercard has added an "agentic cloud" to speed deployment, while Visa has issued a protocol to help AI agents communicate. That and more in American Banker's global payments and fintech roundup.
4h ago