Finextra

NOVEMBER 4, 2024

The Consumer Financial Protection Bureau has levied a $1.5 million fine on VyStar Credit Union for a botched system switch that left customers in the lurch, unable to access their money and accounts.

Credit Union 111

Credit Union CFPB Accounts Consumer 111

Fintech Finance

JULY 30, 2024

Nexi, the European PayTech, signs an historic agreement with Payac Services CLG , a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. million Irish credit union members will have access to SEPA Instant payments service.

Credit Union 94

Credit Union Instant Payments Payments Participant 94

Finovate

MARCH 27, 2024

and then shifted my focus to credit union market strategy in the mid-2010s. A few years later, we also acquired Compliance Systems, a fintech provider of digital and dynamic compliance documentation, and CuneXus, a consumer-facing portal featuring financial services for credit unions.

Credit Union 110

Credit Union FinTech On-Demand Acquirers 110

PYMNTS

JULY 1, 2020

But for credit-union servicer CO-OP Financial Services , an 18-month effort to stand up a 150,000-person call center came to fruition in mid-March, just days before shutdowns began going into effect nationwide. Adapting to Changing Consumer Needs. Adapting to Changing Consumer Needs.

Credit Union 100

Credit Union ATM Volume Push-to-Card 100

Finextra

NOVEMBER 8, 2024

The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users overdraft fees.

Consumer Financial Protection Bureau (CFPB) 103

Consumer Financial Protection Bureau (CFPB) Credit Union Junk Fees CFPB 103

PYMNTS

NOVEMBER 24, 2020

In an interview with PYMNTS, Jeremiah Lotz , managing vice president, digital experience and payment products at PSCU , said the increasing use of analytic technology, mobile banking and platform models can help credit unions (CUs) anticipate the financial needs of their members — and even compete more effectively with larger banks in the process.

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Disputes 107

PYMNTS

APRIL 29, 2020

Many physical bank branches have temporarily closed or reduced service hours to better safeguard their employees and spare themselves the costs of operating branches now that consumers are staying home. consumers found that 82 percent had reservations about visiting branches, while 63 percent were more willing to try apps.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

DECEMBER 31, 2020

Like their cousins in banking, credit unions (CUs) long enjoyed a relaxed pace of technological change. Consumers waited on financial institutions (FIs) to innovate in an odd relationship that put business needs before customers’ needs. That second point (deep personalization) has always been a superpower of credit unions.

Credit Union 94

Credit Union Fraud Detection P2P Innovation 94

Fintech Finance

DECEMBER 2, 2024

NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that Tallahassee, Fla.-based Envision CU has been serving communities across North Florida and South Georgia for 70 years.

Credit Union 95

Credit Union ATM Cost Structure Cash Management 95

PYMNTS

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. CU members, she noted, whether consumer or corporate, have learned to transfer everyday tasks into the virtual realm. The Trend Toward Mobile. Data Analytics.

Credit Union 96

Credit Union Online and Mobile Banking Contactless Payments Use Case 96

PYMNTS

SEPTEMBER 2, 2020

The idea of offering digital services was hardly new to credit unions (CUs) before the pandemic, but the outbreak provided “the why” for going all-in, Dr. Kathy Snider , senior vice president and group leader of Engage products at CO-OP Financial Services , told PYMNTS. Tapping Into Touchless Payments Preferences.

Credit Union 89

Credit Union Zelle Contactless Payments P2P 89

PYMNTS

JANUARY 27, 2021

Credit unions (CUs) and other financial institutions (FIs) across the country have made leaps and bounds in their efforts to digitize services in recent years to meet an already-growing consumer demand. Headquarters Federal Credit Union, created to serve its employees.

Credit Union 89

Credit Union Online and Mobile Banking Credit Union Service Organization Automation 89

Finovate

APRIL 7, 2025

AKUVO secured a new investment from Washington State Employees Credit Union (WSECU), adding to its $13 million in previously raised funds. The investment will help AKUVO expand its cloud-native collections and credit risk solutions, enhancing efficiency and customer experience for banks, credit unions, and fintechs.

Credit Risk 59

Credit Risk Risk Management Risk Credit Union 59

PYMNTS

JULY 21, 2020

As PSCU President and CEO Chuck Fagan told Karen Webster in a recent conversation, that’s why credit unions (CUs) are working hard to help microbusinesses survive the pandemic. On a short-term basis, we’ve seen a surge among nearly all of our credit unions to get something into place for them.

Credit Union 83

Credit Union Economy Small Business Push-to-Card 83

PYMNTS

DECEMBER 4, 2020

Beth Phillips , director of strategic portfolio growth at CO-OP Financial Services , told PYMNTS that not only have consumers been shopping earlier this year, they’re also shopping differently. In addition, credit will still probably outperform debit over the holidays, due to the pandemic and as observed in previous years, Phillips said.

Credit Union 89

Credit Union Push-to-Card Point-of-Sale (POS) Consumer 89

Fintech Finance

FEBRUARY 13, 2025

Zelle has announced that in 2024 the network reached 151 million enrolled users and helped American consumers and small businesses send over $1 trillionthe most money ever sent by a person-to-person payments service in a single year. billion, a 25% increase from the prior year.

Zelle 86

Zelle Credit Union Scams Small Business 86

Payments Dive

JULY 20, 2023

The Fed’s long-awaited instant payments system is arriving right on time this month, giving consumers and businesses a new route for speedier transactions.

Credit Union 113

Credit Union FedNow Fed Instant Payments 113

Fintech Finance

APRIL 17, 2025

MoneyGram , a leading global payments network for consumers, businesses and communities, today announced a new partnership with Plaid , the data network powering the fintech tools millions of people rely on to lead a healthier financial life. consumers say linking their bank accounts with financial apps is important.

Global Payments 85

Global Payments Cross-Border Payments Cross-Border Credit Union 85

PYMNTS

NOVEMBER 20, 2020

Credit unions (CUs) have witnessed plenty of positive developments in recent years. The space has experienced robust expansion, with one report noting that more than 17 million consumers around the globe joined CUs in 2019.

Credit Union 101

Credit Union Technology AI Direct Deposit 101

Finovate

MARCH 10, 2025

Digital banking American Eagle Financial Credit Union to deploy Alkami Technology’s Digital Banking Platform. Financial wellness Augie unveils new credit card to help consumers build credit. Wealth management Digital vault platform FutureVault secures $3 million in equity capital.

FinTech 95

FinTech Credit Union Central Bank Credit Cards 95

Finextra

SEPTEMBER 18, 2024

Consumers Credit Union, based in Lake Forest, IL, today announced its plans to implement a new digital banking solution for its members from leading cloud-native digital banking provider, Lumin Digital.

Credit Union 52

Credit Union Consumer 52

Finovate

AUGUST 8, 2024

Happy Money will use Method’s financial liability connectivity APIs to help credit union members better manage credit card debt. Happy Money , an unsecured loan provider that works with credit unions, has forged a strategic partnership with Method Financial. representing 95% of all outstanding consumer debt.

Payment APIs and Integration 105

Payment APIs and Integration Credit Union Consumer Credit Cards 105

Fintech Finance

JANUARY 5, 2024

Origence , the leading credit union lending technology company in the U.S., and Tesla , the largest EV manufacturer in the world, announce a partnership to offer credit union financing to EV buyers through the Tesla website.

Credit Union 72

Credit Union Finance Adjustments Payments 72

Finextra

APRIL 2, 2025

NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, successfully implemented MeridianLink Mortgage for Solarity Credit Union. MeridianLink, Inc.

Credit Union 52

Credit Union Consumer 52

Bank Automation

MARCH 12, 2025

based American Eagle Financial Credit Union is integrating core provider Alkamis digital banking platform. billion American Eagle FCUs digital-first strategy and will grant consumers easy access to their financial data, according to a March 5 release from Alkami. East Hartford, Conn.-based The integration is part of the $2.5

Transactions 66

Transactions Credit Union Automation Posting 66

Bank Automation

FEBRUARY 5, 2025

The FTC estimates that consumer fraud losses in 2023 exceeded $10 billion and tech providers are looking for ways to combat that fraud for bank and credit union clients, Zest AI […] The post Transactions: MeridianLink, Sync1 Systems integrate Zest AI anti-fraud solution appeared first on Bank Automation News.

AI 59

AI Transactions Credit Union Fraud Detection 59

The Fintech Times

MAY 11, 2024

Eltropy , an AI-powered conversations platform for community financial institutions (CFIs), has revealed how it is helping credit unions and community banks across North America reduce the number of delinquencies they experience. “We immediately saw results after implementing Eltropy. .”

Credit Union 64

Credit Union Community Banks AI Mitigation 64

Fintech Finance

MARCH 18, 2025

This paper, sponsored by NCR Atleos and conducted by Datos Insights, is based on extensive interviews with global retail banks and credit unions, consumer surveys, and industry research. The evolution of ATM management is reaching a critical inflection point.

ATM 78

ATM Credit Union Research Authentication 78

Finovate

MAY 29, 2024

Constellation will integrate Finotta’s Personified platform into its own solution to help credit unions offer personalized financial guidance to their members. Many traditional PFMs inadvertently shame consumers for poor financial habits rather than encourage positive behavior, killing the overall experience.

Credit Union 59

Credit Union Online and Mobile Banking Embedded Finance Mobile Banking 59

Finextra

MARCH 25, 2025

(NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Credit Union 1a forward-thinking financial institution with a nationwide membershiphas selected to implement multiple nCino solutions to create a unified experience across its commercial, consumer and indirect lending businesses.

Credit Union 52

Credit Union Consumer 52

Finovate

APRIL 25, 2024

This week on the Finovate Podcast , Finovate VP and podcast host Greg Palmer sat down with Brian Lee, CEO of Landings Credit Union. Their conversation comes in advance of a special session at FinovateSpring next month, dedicated specifically to the credit union ecosystem.

Credit Union 64

Credit Union Technology Financial Inclusion Checks 64

Payments Source

AUGUST 18, 2020

A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S. Postal Service's finances.

Posting 165

Posting Credit Union FinTech Finance 165

Finextra

JUNE 20, 2024

NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced 3Rivers Federal Credit Union (3Rivers FCU) successfully implemented MeridianLink Access and MeridianLink Opening to streamline its lending and account opening processes. MeridianLink, Inc.

Credit Union 52

Credit Union Accounts Process Consumer 52

Payments Source

MAY 25, 2020

Companies like Amazon, Apple, PayPal Netflix, Uber and others have made it so easy to transact that consumers are left wondering why their bank or credit union cannot provide them with the same kind of seamless and tailored experiences, says Payrailz's Mickey Goldwasser.

Credit Union 136

Credit Union PayPal Payments Transactions 136

PYMNTS

JANUARY 26, 2021

Consumers’ migration to using contactless payment methods more often for their speed and convenience was only accelerated during the onset of the pandemic last year. Around The Credit Union Landscape . Affinity Federal Credit Union On Prioritizing Digital Transformations, Digital Upgrades.

Credit Union 110

Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

Finovate

APRIL 15, 2025

Credit unions, community banks, and regional banks. Hive Technologies Hive Technologies is a fintech solution that helps financial institutions serve low and moderate income consumers profitably in auto. Banks and credit unions. Asset management firms, banks, credit unions, and financial software providers.

Credit Union 52

Credit Union Account Takeovers Community Banks Non-Bank 52

Payments Dive

MARCH 24, 2022

Buy now-pay later comments are due to the Consumer Financial Protection Bureau this week. And battle lines are being drawn over how to regulate a burgeoning industry.

Credit Union 78

Credit Union BNPL Regulations Consumer 78