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CUNA Economics & Investment Conference registration opens

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MADISON, Wis. (1/9/13)--The Credit Union National Association (CUNA) Economics & Investments Conference, to be held Aug. 4-7 in San Francisco, will provide a credit union-specific perspective of the U.S. economy, with an eye toward the future.

Featured speakers include Bill Hampel, CUNA senior vice president of research and policy analysis and chief economist; Mike Schenk, CUNA vice president of economics and statistics;  and Steve Rick, CUNA senior economist, who will provide facts and numbers on the U.S. economy and how they will impact credit unions in the coming fiscal year.

All three of CUNA economists are widely quoted in the national news media, providing a credit union perspective to national economic news.

"Every year our economists draw large crowds for their highly regarded insight into today's economic realities and tomorrow's economic future," said Kevin Smith, CUNA director of volunteer Education. The conference will provide "a wealth of information from these CUNA economists. Over the course of this three-day workshop credit union professionals will get an entire year's worth of credit union specific-economic information that they can then use to build their strategic plans and map out their future business initiatives."

They will address these topics:

  • Key players who shape the U.S. economy;
  • Practical tools for managing credit union finances;
  • Investment strategies that will keep credit unions competitive;
  • Asset-liability management techniques; and
  • Current regulatory issues affecting credit unions.

Diebold rolls out cardless ATM

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NORTH CANTON, Ohio (1/9/13)--Diebold has integrated the ATM with mobile devices through "the cloud," allowing consumers to complete secure, cardless transactions.

Diebold is a CUNA Strategic Services provider.

The new ATM also allows for "touch gestures," such as flick and drag, commonly used with smartphones and tablet devices.

Diebold said it designed the ATM to look and act like a mobile device. The ATM also is paperless, delivering transaction receipts via text message or e-mail, based on user preferences.

To complete a cardless withdrawal, card holders scan the ATM's quick response code using their smartphones. When the devices sync through the cloud, a transaction screen appears on the smartphone and the card holder selects the withdrawal amount. The cloud server then sends to the smartphone a one-time code, which the consumer enters on the ATM screen to authenticate the transaction and receive cash.

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Because the ATM uses cloud-based services, it does not require computers, which means it requires significantly less power than traditional machines, Diebold said. The paperless environment also saves money on raw materials. With less hardware to maintain and no dispensable paper to replenish, financial institutions may realize greater uptime for ATMs, Diebold said.

Diebold plans to pilot the new ATM later this year.