Checking

CFO John Shrewsberry projects that legal costs and other expenses related to the scandal will swell to between $50 million and $60 million and remain at that level for the next several quarters.

Traditional checking hasn't faded nearly as fast as original predictions at the dawn of online banking. Checks will remain a major part of payments, though there are some signs of an eventual decline.

Engage Financial Technology, a provider of prepaid card programs for banks, healthcare providers, retailers and other organizations, has partnered with software provider Ensenta for a cloud-based approach to loading funds to prepaid cards.

Most of the focus for electronic deposits is on mobile-based solutions, but credit unions shouldn't neglect to develop an online solution for use with a desktop computer and scanner.