Links in “Technology”

The smartphone is blurring the worlds of online and physical commerce. The space is expected to double in volume by 2020, which presents opportunities for those who can work their way through the accompanying complexities. [10/20/15]

The Internet of Things (IoT) could provide significant marketing opportunities, but also bring security risks to credit unions. IoT, which revolves around machine-to-machine communications, could be a game changer for how people live, shop, and bank by transforming big data into actionable information. However, these innovations can also create security, privacy, and system risks. [10/15/15]

From knowing what makes a strong password to recognizing a phishing scam, if your customers employ these 8 ways to fight online fraud, they'll be well ahead of the game. [10/14/15]

In the past year sales of wearable devices has increased 163%. This means that wearables are going mainstream and credit unions need a plan for how this should fit within their overall mobile banking and payment strategies. This doesn’t mean that you need to invest in a new wearable app, but you do need to consider how you can extend your current services and functionality to wearable devices. [9/28/15]

A survey of commercial banks finds 20% shunning cloud computing, with the rest in at least some stage of embrace. Where is your institution in this continuum? [9/17/15]

The NCUA has recently launched its improved online Consumer Assistance Center portal. Technological enhancements streamline the process for consumers to submit inquiries, complaints, and additional documentation through a secure portal. Shortly, credit unions will also be able to use the portal to voluntarily submit complaint response information. [9/16/15]

ABA continues its efforts to educate consumers about the new computer chips in their credit cards. [9/16/15]

Chats and other electronic records have provided key evidence in regulatory investigations. But when more financial institutions began using a new chat and messaging platform, New York regulators pressed some of the larger players to make sure their concerns about proper record retention requirements would be met. [9/15/15]

A survey finds that banks, which are typically run by baby boomers and older Gen X'ers, still don't get millennials, the next big generation of consumers. [9/15/15]

Online lenders don't operate with the same regulations that govern mainstream banks. Hence, they are more nimble and can make credit decisions quickly. But some industry observers says the online lending industry bears some troubling similarities to mortgage lending in the period leading up to the 2008 financial crisis. [9/14/15]