North Carolina credit union sues Fiserv over 'insecure' systems

Key insight: The complaint alleges Fiserv secured its internal corporate data with biometric controls but forced clients to use weaker, email-based passcodes.What's at stake: Self-Help is seeking a court order to void millions in "early termination" fees, arguing they shouldn't pay to leave a system that violates security standards.Expert quote: "Fiserv sold and operated systems that were so insecure that no regulated financial institution should have been asked to run its confidential data through them," a ...