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Bankjoy Teams Up with Account Activation Specialist Pinwheel

Finovate

Bankjoy, a digital banking provider for banks and credit unions, announced a partnership with Pinwheel this week. Bankjoy will help its more than 70 bank and credit union customers integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime.

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Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach

PYMNTS

Credit unions (CUs) have witnessed plenty of positive developments in recent years. These include South Bend, Indiana-based Teachers Credit Union (TCU), which has nearly $4 billion in assets and serves more than 300,000 customers at 57 branches across Indiana and southwest Michigan.

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What Is a Routing Number?

EBizCharge

When you initiate a transaction, such as a direct deposit or a wire transfer, the routing number determines which financial institution should receive the funds. For example, when you deposit a check, your bank uses the routing number to process the check and send it to the correct institution.

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 PSCU Looks At The (Strong) State Of The CU As 2020 Beckons

PYMNTS

Three months away from the end of 2019 and the dawn of the 2020s, the state of the credit union is stable, due to a healthy foundation that is already in place, according to Charles E. As has been seen in other industries across financial services, credit unions, too, are consolidating, which means that scale is solidifying, too.

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SilverCloud On How FIs Can Offer SMBs A ‘Consumer’ Banking Experience

PYMNTS

“The majority of banks continue to view support and service as something that requires human intervention,” said Cornell – but SilverCloud’s own estimates show that more than half of all support inquiries come during nights and weekends, which is when bank branches and call centers are closed, causing frustration for bank consumers.

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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

PYMNTS

The pandemic, said NCR’s Brown, “is the ultimate stress test on every channel that a bank has to offer” — especially as measured across digital products and services. “We The great shift has also opened up the playing field for challenger banks, relying on digital-only platforms upon which to build client relationships.

FinTech 94
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What Is an EFT Payment?

Payment Savvy

Setting up direct deposit for your paycheck. Transferring money between your own accounts at different banks. Today, many different types of EFT services are available, ranging from direct deposit to online banking. Direct Deposit. Paying your car loan or insurance premium. Electronic Checks.