PYMNTS

MAY 5, 2020

“Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. This, in turn, helps mitigate fraud.”.

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

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

Fintech Finance

OCTOBER 11, 2024

America First Credit Union has partnered with technology leader Diebold Nixdorf (NYSE: DBD) to modernize and improve its payment transactions and ATM offerings — including being the first credit union to implement next-generation cloud-native technology that powers enhanced member experiences.

Credit Union 98

Credit Union ATM Transaction Limits Transactions 98

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

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

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

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. In some cases, we had 150 percent of the volume that we had seen daily in the days before [the pandemic].

Credit Union 100

Credit Union ATM Volume Push-to-Card 100

PYMNTS

DECEMBER 31, 2020

Like their cousins in banking, credit unions (CUs) long enjoyed a relaxed pace of technological change. That second point (deep personalization) has always been a superpower of credit unions. It was all on their timetable. Not anymore. Customers are calling the tune now – and FIs had better dance to it.

Credit Union 94

Credit Union Fraud Detection P2P Innovation 94

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. With a nod toward the changing landscape in financial services, Stevens said, “In the past, we heavily relied on foot traffic, particularly at credit union branches.”.

Credit Union 96

Credit Union Online and Mobile Banking Contactless Payments Use Case 96

Fintech Finance

FEBRUARY 13, 2025

The total dollar amount sent on the platform increased 27% from 2023, while transaction volume on Zelle totaled 3.6 Zelle transactions grew 25% from 2023 to a total of 3.6 We remain intently focused on expanding access to Zelle because it unlocks opportunity for individuals, small businesses, community banks, and credit unions.”

Zelle 86

Zelle Credit Union Scams Small Business 86

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. They think about what [members] need.

Credit Union 89

Credit Union Zelle Contactless Payments P2P 89

Bank Automation

APRIL 9, 2025

billion Synchrony, told […] The post Transactions: Synchrony, Adobe Commerce expand merchant financing appeared first on Bank Automation News.

Transactions 66

Transactions Finance Agreements API 66

Clearly Payments

NOVEMBER 23, 2024

We’ll also provide a list of Canadian banks and Credit Unions with their payment processing models, offering insights into how each institution navigates this critical aspect of modern commerce. These banks provide a one-stop shop for businesses, managing everything from the technology to the financial transactions.

Credit Union 59

Credit Union Process Online and Mobile Banking Processors 59

PYMNTS

FEBRUARY 18, 2020

The PSCU company Lumin Digital has signed Bartlett, Tennessee-based First South Financial credit union to a multi-year digital banking and cloud computing agreement, Lumin announced on Tuesday (Feb. The addition of Lumin Digital gives the credit union (CU) another offering on its menu of digital financial products and services.

Credit Union 82

Credit Union Digital Payments Online and Mobile Banking Origination 82

PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. Developments From Around The World Of Credit Unions. Deep Dive: Credit Unions Face Data Breach Challenges. percent in 2016.

Credit Union 77

Credit Union Data Breach Security Innovation 77

PYMNTS

JULY 24, 2020

One of the biggest differences between a bank and a credit union (CU) is that unlike a for-profit bank, a CU is owned by its members. Understanding the unique needs of each market — as well as each context of a transaction — is critical. in markets like Kenya, mobile payments are the norm. As the U.S.

Credit Union 80

Credit Union Cross-Border Payments Cross-Border Innovation 80

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

Bank Automation

FEBRUARY 26, 2025

The $1 billion Freedom Bank will upgrade the following services through Apitures platform, according to […] The post Transactions: Freedom Bank of Virginia, Apiture launch digital platform appeared first on Bank Automation News. Incorporation of the platform took about nine months, an Apiture spokesperson told Bank Automation News.

Transactions 85

Transactions Online and Mobile Banking Automation Mobile Banking 85

PYMNTS

DECEMBER 15, 2020

The pandemic has brought seismic changes to the way credit unions interact with their members. Scott noted that fewer credit union mergers happened in 2020, largely due to the pandemic. Scott said that’s because, generally speaking, M&A happens when two credit unions that are struggling come together.

Credit Union 74

Credit Union Economy Online and Mobile Banking Contactless Payments 74

PYMNTS

DECEMBER 4, 2020

Phillips said that sort of gain has been observable with Amazon transactions all year due to Amazon’s organic growth, combined with the move to online spending for essential household items due to the pandemic. It’s all a call for credit unions (CUs) to capture the emerging digital landscape. The Time To Engage Members Is Now.

Credit Union 89

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

Tearsheet

JANUARY 28, 2025

This came with a 27% increase in transaction volume YOY for the firm, showing how quickly the Zelle network is expanding. We connect more than 2,200 banks and credit unions, and we are engaging with financial institutions every day to grow that number. In this edition, we focus on Denise Leonhard, GM of Zelle.

Zelle 52

Zelle Transactions Credit Union P2P 52

PYMNTS

FEBRUARY 17, 2020

Credit unions (CUs) have a bit of asymmetry in their relationships with their customers. On one hand, as PYMNTS data shows , customers very much like their credit unions, and are loyal to them. The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers.

Credit Union 73

Credit Union Consumer Credit Cards Product 73

Finovate

FEBRUARY 20, 2025

This enables banks to process transactions across multiple core systems while integrating with digital banking, Office of Foreign Assets Control (OFAC), and fraud monitoring via open APIs. Also, at the beginning of the year, Wings Credit Union , Minnesota’s largest credit union with more than $9.3

FedWire 114

FedWire ISO 20022 ISOs Payment APIs and Integration 114

PYMNTS

APRIL 29, 2020

Traditional banks and credit unions must find ways to introduce seamless digital services, while digital-only operations must prove to a new crop of consumers that they are trustworthy. This reflects the overall popularity of debit in Brazil, where most card issuers have high credit card fees.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

Finovate

JANUARY 13, 2025

FinGoal and DeepTarget have teamed up to enable community banks and credit unions to convert transaction data into actionable insights. A newly announced partnership between FinGoal and DeepTarget will help community banks and credit unions convert transaction data into actionable insights and potential revenue opportunities.

Credit Union 52

Credit Union Community Banks Transactions AI 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

Bank Automation

AUGUST 20, 2024

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process.

Transactions 82

Transactions Credit Union Underwriting Procedures 82

Finovate

APRIL 22, 2025

Banks, credit unions, community banks, wallets, and digital banks. Banks, credit unions, fintechs, or any other business looking to meet security awareness and compliance needs. Banks and credit unions. Banks, equipment manufacturers, and equipment distributors.

Credit Union 52

Credit Union Cross-Border Payments Deepfake Disputes 52

Bank Automation

MARCH 13, 2024

Greylock Federal Credit Union has selected Alkami to improve its digital banking offerings. billion credit union will implement the Alkami Digital Banking Platform to provide online and mobile banking to its retail and business clients, according to Alkami’s March 5 release.

Credit Union 78

Credit Union Online and Mobile Banking Transactions Mobile Banking 78

Stax

MARCH 27, 2025

To choose the right payment method, consider transaction volume, transfer speed, cost, and security. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. Thats Electronic Funds Transfer (EFT) in action. Lets look into that closely below.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Bank Automation

APRIL 24, 2024

Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy mainframe. “We selected Zafin to help us as we work to externalize our products and pricing from the banking core,” Pete Amstutz, senior vice president of savings and membership at Navy Federal, told Bank Automation […] (..)

Credit Union 80

Credit Union Transactions Automation Product 80

PYMNTS

JANUARY 26, 2021

The January Credit Union Tracker® explores the latest development in the credit union (CU) sector, including an examination of why it is so important for CUs to expedite their digital transformations and how they can help accommodate pandemic-induced challenges. Around The Credit Union Landscape .

Credit Union 110

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

Finovate

MARCH 17, 2025

Clients connect to Instarails’ network via SaaS API and send transactions. These transactions are routed through Instarails’ network and recipients get funds instantly through their bank, e-wallet, or via cash pickup.

FinTech 64

FinTech Credit Union Community Banks Finance 64

Fintech Finance

FEBRUARY 12, 2025

Canopy Servicing , the leading commercial loan servicing platform, and Moov Financial , a leading provider of modern payment processing infrastructure, have joined forces to launch Canopy Repay, an integrated solution streamlining loan repayment operations for banks, non-bank lenders, and credit unions.

Credit Union 59

Credit Union Non-Bank Embedded Finance Real Time Payments 59

PYMNTS

OCTOBER 20, 2020

The pandemic may still be forcing financial institutions (FIs) to confront the new digital reality — but opportunities abound for credit unions to engage with members who are, just now, growing a bit more positive about spending money again. Stepping Up On Credit .

Credit Union 107

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

Fintech Finance

JULY 25, 2024

SWIVEL, a transaction enablement fintech that removes friction in the movement of money for financial institutions and other payment communities, announced today its Apple Pay integration that enables its credit union and community bank clients to accept loan payments from members and customers through the mobile wallet.

Credit Union 98

Credit Union Community Banks Non-Bank Payments 98

Fintech Finance

JANUARY 29, 2025

Integrated payment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention. The Managed SWIFT Service is ideal for banks, credit unions, fintechs, and compliance leaders seeking reliable, cost-effective, and scalable solutions for SWIFT connectivity.

SWIFT 59

SWIFT ISO 20022 Payment APIs and Integration Disaster Recovery 59