Legacy core systems make banks vulnerable to new competitors and risks. Modernization is underway, but many institutions are not moving fast enough. The risk of waiting too long is that it will take too long to catch up.

The term "mobile wallet wars" has been part of financial services lingo for several years, with banks, merchants and software companies fighting for control of digital payments. But the real battle is taking place in an entirely different arena.

New pop-up application eliminates collections calls in early delinquency stages, offers multiple payment options and enhances member experience.

The New York banking regulator announced Tuesday it was working on new cybersecurity requirements even as bankers pushed agencies to further harmonize their efforts.

Credit unions and community banks are preparing to adopt Android Pay and Samsung Pay, while reporting more consumer use of Apple Pay since its launch last year.

GRAND RAPIDS, Mich. — It was a busy Tuesday for CU*Answers, as the CUSO reported multiple client signings across three of its business units, involving bill pay, data processing and document management.

The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.

BMO Financial Group has recruited Niti Badarinath from U.S. Bancorp to manage its online, mobile and physical channels in North America.

Federal prosecutors on Tuesday charged three men in connection with the mass hack attack on JPMorgan Chase that took place in June 2014.

The glacial pace at which card providers and merchants are adding EMV chips to their cards and payments systems benefits no one, and opens new possibilities for card fraud.

Square Inc., the payments startup led by Jack Dorsey, released a 38-minute marketing video in advance of its planned initial public offering.

Cybersecurity provider Thales e-Security Inc. has developed software to monitor and manage hardware security modules at different physical locations within a company's network.

CU*Answers, a credit union-owned core data processer, on Monday said it has signed two credit unions to CU*BASE data processing agreements.

The massive amount of data collected by risk management systems often calls for a human to spend time deciphering the information and reporting on the findings. Chicago-based Narrative Science wants to automate that process.

Over the last several months much has been made about the New York BitLicense.

It's hard enough competing with other credit unions and banks, but the traditional financial services marketplace is increasingly populated by untraditional competitors.

HONOLULU – The early returns from $566 million University of Hawaii Federal Credit Union’s conversion of its core processing to Corelation are big time – as in the savings of large amounts of time.

Buying stolen data is an effective way for banks to determine the source of a breach. But fraudsters are increasingly putting up roadblocks because such deals might make it tougher for them to break in next time.

China's largest telecom technology testing laboratory plans to use a Fime tool to strengthen the country's mobile security.

GRAND RAPIDS, Mich. -- CU*Answers, a credit union-owned core data processor, announced it has signed a deal with the newly formed ELCA Federal Credit Union to a “CU*BASE” agreement.