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Posted: Sep 6, 2017
Comments: 1
Author: Lou Grilli

An update on where we are with Bitcoin and other cryptocurrencies

Bitcoin was once viewed as a promising alternative to the US dollar and other fiat currencies that are controlled by federal governments or national banks. Bitcoin was appealing and newsworthy because it offers near real-time transfer of value (compared to 1-3 days for a bank settlement), anonymity, and virtually free transactions versus credit card merchant charges of 1-3%.

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Posted: Aug 17, 2017
Comments: 1
Author: Lou Grilli

How credit unions can make their members data less valuable on the dark web.

The dark web has been in existence since the 1990’s but has become a household word lately through ads from identity protection companies that offer to monitor the dark web. The ads warn a subscription-paying customer if their data may have been compromised and put up for sale.

The dark web is where fraudsters conveniently sell breached data such as usernames and passwords, credit and debit card data, alongside complete identities, passports, drugs, guns, and worse. The dark web, and the crimes associated with it, is a big and sophisticated business. There are fraudsters that

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Posted: Jun 8, 2017
Comments: 0
Author: Paul Castner

Google's Loren Hudziak says look at what's possible and then go beyond that.

“To make technological break-throughs, we need to reconstruct the mental model we have about technology. We can’t look at technology based on how it affects what we do, in our daily lives or in the credit union industry. There are concepts people have heard of, understand somewhat, but still view them through today’s lenses, instead of a view to the future.” Google Solutions Architect Loren Hudziak gave a historic example of this concept to the 350+ credit union attendees during the 2017 CSCU annual conference.
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Posted: Oct 12, 2016
Categories: EMV, Bitcoin/Blockchain
Comments: 0
Author: Paul Castner

Recent articles update CU’s on EMV and the future of blockchain

With the future of blockchain of extreme interest to the CU industry, CSCU president, Bob Hackney, took time out to talk to CoinDesk fintech writer, Bailey Reutzel. The article points out that the advent of distributed ledger technology has brought several CUSOs together with more than 50 credit unions on the CULedger initiative. Hackney notes that these steps represent a “first” for CSCU and many of its peers.  Please click on the following link to read about the impact that blockchain will have on the CU industry:

http://www.coindesk.com/credit-unions-blockchain-competition/ 

Also, it is now the one-year anniversary of the EMV Chip Card liability shift which also makes it a good time to step back and take an objective look at what has gone well with EMV implementation and what has not.  CSCU’s Director of Payments Strategy, Lou Grilli, provides his take in recent interviews with CUToday.info editor, Ray Birch.  You will want to take a few minutes to read the following articles:

http://www.cutoday.info/THE-feature/In-EMV-Migration-Who-Gets-An-A

http://www.cutoday.info/THE-boost/Why-Fraud-Is-Increasing-On-This-Payments-Form
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Posted: Sep 8, 2016
Categories: Bitcoin/Blockchain
Comments: 2
Author: Glen Sarvady

TPR Welcomes Payments Industry Veteran Glen Sarvady as a Guest Contributor!

In an earlier two-part article, CSCU’s Tom Davis did an impressive job of both demystifying the fundamentals of blockchain technology and explaining why it is a significant opportunity that credit unions must track closely. I encourage you to revisit Tom’s article for the fundamentals, but let me reinforce a few of his key points:

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