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Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey.
St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX
CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN.
NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts.
Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan.
Identity Cues helps protect CUs from phishing
RUTHERFORD, N.J. (9/27/05)--Credit Unions' Virtual Assistant (CUVA) and Green Armor Solutions are coming together to provide credit unions with an anti-phishing system.
Identity Cues combines technology and psychology to combat phishing, pharming and other forms of online fraud (Business Wire Sept. 21).
"Education is a good start, but it isn't enough," said CEO Laura Enock, CUVA. "This new technology may be exactly what credit unions need to increase member confidence in online banking."
Identity Cues makes it obvious to users whether they are using a credit union's legitimate website or a phony website set up to enable fraud. It also integrates with online banking applications and does not interfere with the online banking process.
According to Green Armor, Identity Cues uses easily recognizable visual cues (such as colored letters) during every login for users to quickly, and even subconsciously, recognize if the site is genuine.
Cues are displayed as users type their usernames and passwords. They vary between users but are identical on each login for any particular user.
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