PayThink

It's high time for the boardroom to meet the board game "Risk."

An effective vendor-management program must provide the operational organization necessary to manage all of the credit union's current and future vendor contracts and relationships. Here are some key components to effectively manage vendor due diligence.

Charles I. Plosser, President and CEO of the Philadelphia Federal Reserve, thinks ammending the bankruptcy code for nonbanks and bank holding companies is the best way to prevent institutions from becoming too big too fail institutions.

I admit it. When Susan Allen, vice president of strategic relations at FirstAmerican CoreLogic, asked a room full of about 85 mortgage professionals (and a couple of journalists) to divide into small teams to simulate a property valuation, I considered bolting for the door.

A French payments exec says JPMorgan Chase would be justified in telling clients it's safer to make debit card purchases with a signature than using a PIN.

Much of the blame for Lehman Brothers' collapse has fallen on the Securities and Exchange Commission, but at least one former regulator thinks the New York Fed has just as much to answer for.

Bucking the conventional wisdom for 2010 — customers just hate their banks — BancorpSouth finds that their customers make plenty of branch visits.

ORLANDO, Fla.-How does Bancorp South determine a customer's propensity to buy a product or service?

You've heard the saying that only the strong survive. We're fast approaching a marketplace where only the efficient survive. Make sure your credit union is counted among the survivors.

Social media is quickly becoming today's message medium of choice; therefore, credit unions must look at the financial behaviors of these groups to develop successful marketing strategies to gain and retain members.