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Anticipating The Consumer Spending Rebound

PYMNTS

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. Even grocery spending growth slowed to 25 percent on credit cards and 10 percent for debit cards, which gives a nod to the fact that consumers are likely “fully stocked up.”

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

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. Fagan said CUs have seen deposit balances rise, a sign that consumers have been careful about building savings, reducing debt and compiling barriers against financial shocks.

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

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. And that’s really how we embarked on our digital transformation.”. Affinity had help with its transformation, too.

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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. Around The Credit Union Landscape. Credit unions were not immune to the dramatic shift in consumersbanking preferences when the pandemic began.

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Taking A Data-Driven Approach To Meeting CU Members’ Banking Needs

PYMNTS

CUs are seeing an increased number of phishing emails and overall digital fraud since the pandemic started, with 22 percent of American consumers reporting they have been targeted by virus-related online fraud, according to one survey. Around The Credit Union World.

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Why Credit Union’s ‘Mature Trust Model’ Matters For Members

PYMNTS

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. They are likely living life, now more than ever, online. “As

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Finovate Alumni News

Fintech Labs Insights

BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app. Fiserv launches Credit Sense , combining credit monitoring with digital banking. Zopa wins Top Consumer Lending Platform at LendIt awards. Zopa wins Top Consumer Lending Platform at LendIt awards.