CULedger Undergoes Rebrand, Changes Name to Bonifii™
Now with more focus on growing solutions to deliver privacy, security and trust, CULedger announces company name change. Denver, CO (March 3, 2021) – CULedger, an industry leader in privacy- and security-enhanced solutions announces today the changing of its name to Bonifii. This rebranding strategy reflects both the evolution of the company and its vision for future solutions. CULedger started in 2017 as a research to action project [...]
Credit Union Financial Exchange (CUFX) to be acquired by CULedger, now Bonifii.
MADISON, Wis., and WASHINGTON 02/04/21 – CUNA announced today a transfer of Credit Union Financial Exchange (CUFX) to CULedger. “CUFX is the result of a grass-roots initiative,” said Chris Seneda, past CUNA Technology Council chair, CUFX steering committee member, and executive vice president and chief operations officer at Virginia CU. “It started with senior IT credit union executives who recognized a need for credit unions as they were trying [...]
Credit Union Financial Exchange (CUFX) to be acquired by CULedger
MADISON, Wis., and WASHINGTON 02/04/21 – CUNA announced today a transfer of Credit Union Financial Exchange (CUFX) to CULedger. “CUFX is the result of a grass-roots initiative,” said Chris Seneda, past CUNA Technology Council chair, CUFX steering committee member, and executive vice president and chief operations officer at Virginia CU. “It started with senior IT credit union executives who recognized a need for credit unions as they were [...]
New state regulations will strengthen personal privacy protections
We know this fact: changes in laws and regulations always trail behavioral changes. This truism is playing out in the consumer privacy space. Since more consumers now care deeply about how their personal privacy can be protected, legislators have begun to take the issue more seriously. Let’s look at how we got where we are and where we appear to be headed with new state-level [...]
Sherpa Technologies, CULedger Announce Partnership and Next-Generation Digital Identity Solution for Credit Unions
Strengthens digital trust, simplifies member ID verification and digital exchange Sherpa Technologies and CULedger today announced the integration of Sherpa’s identity and document verification-provided solution, ID-Pal, into CULedger’s MemberPass™, to enable the first KYC-backed digital credential that provides credit unions a solution to verify their members’ identities. This first-of-its-kind integration of ID-Pal into MemberPass strengthens and supports the issuance of the digital credential by validating the member’s authenticity [...]
Sherpa Technologies, CULedger Announce Partnership and Next-Generation Digital Identity Solution for Credit Unions
Strengthens digital trust, simplifies member ID verification and digital exchange Columbus, OH and Denver, CO (December 14, 2020) – Sherpa Technologies and CULedger today announced the integration of Sherpa’s identity and document verification-provided solution, ID-Pal, into CULedger’s MemberPass™, to enable the first KYC-backed digital credential that provides credit unions a solution to verify their members’ identities. This first-of-its-kind integration of ID-Pal into MemberPass strengthens and supports the issuance [...]
MemberPass or multi-factor authentication? Let’s compare and contrast
Thanks to COVID-19, consumers today do increasingly more of their purchases and routine banking transactions online. Not surprisingly, the use of multi-factor authentication (MFA) is now standard too. That’s good. Any form of MFA is way better than a simple username/password combination. It’s especially true with access to financial accounts. MFA makes the accounts more secure and harder to hack. MFA protects accounts [...]
Three Good Reasons To Add MemberPass To Your 2021 Plan
We can see evidence all around. The COVID-19 pandemic is driving great change across almost every aspect of American society. One of the biggest outcomes is faster adoption of digital tools and services in financial institutions. But forces beyond the pandemic are pushing digital change, too. They’re things you may or may not have seen coming. Market trends and shifts Competitive innovations and new financial services Disruptive technology If you’re not prepared for sudden massive [...]
MemberPass™ and Filene Survey Reveals Changing Attitudes to How Americans Protect Identity with Financial Services
- Survey conducted by Filene Research Institute indicates growing demand for self-controlled identity solutions for sensitive transactions – DENVER, Oct. 29th 2020 – A survey from MemberPass™, the flagship contactless identity solution powered by credit union service organization (CUSO) CULedger, found that more than two-thirds of adults would have more trust in their financial institution if they offered a mobile-based biometric authentication solution for in-person [...]
MemberPass and Filene partner to uncover consumer attitudes about digital ID
Sometimes the best way to understand consumer reactions to new technology is to ask them specific questions about the new technology’s benefits. So that’s what we did. Background We started from the premise that consumers rely on the security and fraud prevention services their financial institution provides. In other words, they expect their credit union or bank to always look out for them. Good personal data management doesn’t end with security [...]