Posted by Jason Sherrill on 6/28/2011
A judge in Michigan may have set a precedent when he ruled in favor of a small business that sued Comerica Bank for reimbursement of $561,000 to recover money that hackers stole from the business' account as a result of a phishing scam. The judge believed that Comerica should have done more to safeguard its customer's assets. Unfortunately many banks and credit unions lack adequate security & notification features in their online banking systems to help customer protect themselves. But many of the tools and technologies that could have prevented Comerica's loss are available to all banks and at minimal cost. I'm going to introduce you to four security features that can help customers proactively protect their assets and subsequently lower the loss risk to banks and credit unions.
Posted by Donovan Myers on 6/13/2011
We studied over 30 bank and credit union websites to evaluate mobile-optimization levels. We discovered consistent features throughout nearly all of the bank and credit union mobile websites, but were disappointed that a couple of key features are missing from a majority of these mobile-optimized websites.
Posted by Jason Sherrill on 6/1/2011
Based on our project pipeline, 2011 is proving to be the year when small to medium sized credit unions and banks are finally taking action to provide mobile-optimized services to their customers. According to our data, consumers aren’t sitting idle when it comes to using mobile devices to interact with their financial institutions. Banks and credit unions who have been standing on the sidelines with regard to mobile would be wise to start planning a strategy now.