Harland Financial Solutions (HFS) announced a strategic alliance with Verafin—a provider of fraud detection and anti-money laundering software provider. "We're seeing a demand from our clients for a complete fraud detection and anti-money laundering solution to complement our offerings," Scott Hansen, HFS executive vice president of business development, told attendees. "Verafin's reputation for technical innovation and its culture of dedicated client support is really unmatched."
The discussion boards on CUNA’s Compliance Community featured an interesting discussion last week: what is the difference between the terms “share draft” and “checking account”? The correct use is important since credit unions pay dividends, not interest.