This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI). Affinity had help with its transformation, too.
President and CEO Chuck Fagan of creditunionserviceorganization PSCU said that while financial institutions (FIs) had forecast returns on assets (ROAs) would fall to 30 basis points in the new year, CUs have told him they are gaining confidence regardless.
The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as creditunions (CUs) — that were never designed to operate on a primarily remote basis. Around The CreditUnion Landscape.
Payments creditunionserviceorganization (CUSO) PSCU has acquired payment solution firm Primax , according to a press release. Primax has been working with designing and providing services for payment card programs for creditunions for 40 years in the U.S. and the Caribbean, the press release adds.
Considering that roughly 22 percent of CU members said they would switch to a more innovative CU , trust and technology are the things insulating CUs and members from some of the worst effects of the devastating “black swan” event known as COVID-19. Innovate or Die’. The CU-member trust bond will be tested by this.
CUs that are adapting to an online-only banking reality thus also have to keep an eye out for more fraud schemes and are turning to technologies such as machine learning (ML) and data analytics to keep online data and transactions as secure as possible. Deep Dive: Emerging CU Fraud Threats And How Data Analytics Can Help.
In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a creditunionserviceorganization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9
Those are challenges that several solution providers are working to address by helping creditunions improve their online experiences for disabled creditunion members. BloomCU , for one, recently collaborated with web accessibility firm User1st to access automated scanning and plug-and-play accessibility services.
As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, creditunions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.
Careington Health Products leverages SmartCART platform from Insuritas to deploy advisor services and discount programs. BBVA Compass adds cash-back incentive to stimulate interest in mobilebanking app. Fiserv launches Credit Sense , combining credit monitoring with digital banking.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content