Bankers Concerned Following Fraud Case
By Andrea Gregory
When Fred Healey, president and CEO of Workers’ Credit Union in Fitchburg, recently received a letter from his debit card company saying information related to as many as 1,000 of his members’ accounts possibly had been compromised in a recent data breach, he was surprised. Data breaches have happened before, but when Workers’ has been affected it typically has involved only a handful of cards that potentially were subjected to fraudulent use.
Check Service Being Offered By Bankers’ Bank Northeast
By Katie Curnutte
Client banks of Glastonbury, Conn.-based Bankers’ Bank Northeast were among those affected by the closing of the Federal Reserve’s check processing center in Boston. As a result, Bankers’ Bank Northeast, along with Fidelity National Information Services (FIS), have started converting paper checks into images for client banks and submitting image cash letters to the Federal Reserve Bank of Boston.
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