Remote deposit capture, regulatory compliance and authentication are expected be hot topics on the agenda at this week's Mobile Financial Services Forum in Arlington, Va.
This week's top news and views: Reg. E Amendment Introduced in Senate; Insider Trading: Kerviel Sentencing Reveals Gaps. And don't miss our audio week-in-review podcast by Managing Editor Tracy Kitten.
The National Credit Union Administration is creating two bridge corporate credit unions to assume operations of U.S. Central Corporate Federal Credit Union and Western Corporate Federal Credit Union.
"While these arrests may make some think twice, the vast majority of criminal enterprises will keep pursuing the millions to be made from flawed security systems." - Robert Siciliano, ID theft expert
The Zeus threat is striking businesses and financial institutions throughout the world, and it's suspected to be the malware behind recent attacks on mobile devices.
A federal crackdown on ACH and wire fraud has produced 37 arrests of a money mule operation - part of what law enforcement is calling a sophisticated bank fraud scheme.
Robert Siciliano, a McAfee security consultant and founder of IDTheftSecurity.com, says socially engineered scams that are SMS/text-based will create big headaches for banks and credit unions in the near future.
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