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

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. It is easy to see why contactless payments are growing in a time of social distancing and touchless safeguards to prevent spreading the virus.

Credit Union 110

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

PYMNTS

MAY 27, 2020

To that end, said Matt Good , senior vice president and general manager of Elan Advisory Services , the shift to contactless payments is well underway — and the stage is being set for mobile wallets to gain a much wider embrace. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”.

Contactless Payments 112

Contactless Payments Credit Union Point-of-Sale (POS) Online and Mobile Banking 112

Payments Source

JANUARY 15, 2019

Credit unions and smaller banks can differentiate themselves by returning to the passion for personal service that first anchored their success, and payments are central to this strategy, according to Deborah Matthews Phillips, managing director of payment strategy at Jack Henry.

Credit Union 71

Credit Union Community Banks Payments Strategy Returns 71

PYMNTS

MAY 12, 2020

To that end, according to Scott Young, PSCU ’s vice president of innovation, credit unions (CUs) seeking to cement customer loyalty through tech-driven innovation need to keep one mantra top of mind: “Easy is the new loyalty.”.

Credit Union 64

Credit Union Innovation Credit Union Service Organization Point-of-Sale (POS) 64

PYMNTS

DECEMBER 11, 2019

In an interview with PYMNTS, Jeremiah Lotz, managing vice president of Digital Experience and Payment Products at PSCU , said the timing is right for the shift to contactless. His comments came in the wake of findings by credit union service organizations that a rush to adopt contactless cards is likely to come in 2020 and beyond.

Credit Union 53

Credit Union Contactless Payments Credit Union Service Organization Debit Card 53

PYMNTS

APRIL 7, 2020

Credit unions (CUs) have long enjoyed high approval ratings and loyalty from their members. But the numbers tell a tale, and recent stats in the March 2020 Credit Union Innovation Index show the need for CUs to step up their efforts to innovate. What we’re seeing is more of a shift from credit unions,” Fagan noted.

Credit Union 56

Credit Union Innovation Push-to-Card Contactless Payments 56

PYMNTS

JUNE 30, 2020

Credit union (CU) members are traditionally loyal, but the accelerated shift to digital banking amid the pandemic has led a growing number to consider other banking options. The Credit Union Innovation Playbook: Loyalty Innovation Edition revealed that 49.1 PYMNTS’ recent Credit Union Innovation Playbook revealed that 19.4

Credit Union 53

Credit Union Innovation Contactless Payments Credit Cards 53

PYMNTS

SEPTEMBER 22, 2020

Between wildfires, hurricanes, civil unrest and an international pandemic, running a credit union (CU) in 2020 has been all about reacting to rapid, radical and sometimes unexpected shifts in members’ behavior, experts told Karen Webster in PYMNTS’ latest “On The Agenda” discussion. “As For instance, CUs can see that U.S.

Credit Union 51

Credit Union Product Consumer Debit Card 51

Payments Source

MAY 29, 2019

Top executives from banks, card brands, credit unions, fintechs and more weighed in on the major issues and innovations for the payments industry.

Credit Union 131

Credit Union Bank Card Innovation FinTech 131

PYMNTS

MARCH 11, 2020

And while he said the United States has been relatively slower than other countries to embrace contactless payments, the pace of adoption has picked up. The acceleration is due, at least in part, to the fact that more consumers are demanding contactless payments as their own individual comfort level increases, said Good.

Contactless Payments 103

Contactless Payments Payments Credit Union Processors 103

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Payment APIs and Integration 99

Payment APIs and Integration Online and Mobile Banking Credit Union Community Banks 99

PYMNTS

APRIL 23, 2020

To provide digital contactless payments, delivery and curbside pickup options for cannabis businesses, payment provider Hypur Inc. is teaming with Salal Credit Union. Hypur will bolster Salal’s network of cannabis retailers and wholesalers via different digital payment offerings.

Digital Payments 72

Digital Payments Credit Union Contactless Payments Payments 72

PYMNTS

NOVEMBER 2, 2020

Zelle also saw a big jump in payments sent over its network by small businesses, which surged 30 percent over the second quarter to $4.5 The COVID-19 crisis has also led to a big rise in the number of people using digital payment services to transfer money to friends and family, Zelle noted, citing a recent consumer survey by the company.

Zelle 83

Zelle P2P Credit Union Payment Networks 83

PYMNTS

OCTOBER 1, 2020

He noted that AeroPay has partnered with Safe Harbor Private Banking , a division of its partner Colorado Credit Union , to provide a digital bank-to-bank payment option for larger cannabis firms. “Large B2B wholesalers, distributors, cultivators delivery platforms are all transacting in large amounts of cash.”.

B2B 108

B2B Underserved Wire Transfer Payments 108

PYMNTS

MAY 24, 2019

May 31 marks the launch of a contactless payments pilot with a joint effort between the Metropolitan Transportation Authority (MTA) in New York City and Chase. transit agency to implement contactless payments by leveraging Visa’s global transit framework. If they can make it there, can they make it anywhere?

Contactless Payments 53

Contactless Payments Credit Union Payments Authorization 53

PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

Credit Union 47

Credit Union Credit Union Service Organization Contactless Payments NOV 47

Payments Source

FEBRUARY 10, 2019

JPMorgan Chase, Capital One, Citigroup, Pentagon Federal Credit Union and a handful of others have pumped more than 100 million contactless credit and debit cards altogether into the U.S. market recently, but it’s a drop in the bucket in the world’s largest card market.

Credit Union 86

Credit Union Debit Card Contactless Payments Mobile Payments 86

PYMNTS

JULY 13, 2020

Our partnership with Payrailz extends to our bank and credit union customers the smartest payment features this market has seen. We are pleased that after an extensive search for a new digital payments partner that the NYMBUS team selected Payrailz.

Credit Union 68

Credit Union CRM Contactless Payments Digital Payments 68

PYMNTS

OCTOBER 6, 2016

Apple is growing its support network by announcing that Apple Pay will expand to 26 new banks and credit unions in the U.S Only Mastercard credit or debit cardholders with Sberbank are currently supported in Russia. Here is a full list of Apple Pay’s newly supported banks and credit unions in the U.S.:

Credit Union 46

Credit Union Contactless Payments Debit Card Visa 46

PYMNTS

APRIL 28, 2020

Financial institutions (FIs) are now working to extend services into customers’ homes, for example, and consumers are making fewer credit card payments amid uncertainty over what their employment statuses and budgets might be when the bills come due. FIs need to adjust their offerings accordingly to suit consumers’ new needs.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

PYMNTS

JULY 23, 2020

This was especially crucial for credit unions (CUs) as many of their member bases were built around geographic and professional communities that were disproportionately impacted by the pandemic’s fallout. So, how are CUs changing their card innovation plans to match their current members’ demands and attract new potential members?

Credit Union 69

Credit Union Innovation Debit Card On-Demand 69

PYMNTS

APRIL 21, 2020

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (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

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

JULY 22, 2020

“The need for frictionless experiences for things like accessing cash flow statements and predictions, optimizing payments and payroll, and loan origination is more critical than ever.”. Digital order-ahead with contactless payments and pickup has become embedded into our “new normal.”. So, how do FIs serve the new consumer?

Credit Union 74

Credit Union Irrevocability Payroll Origination 74

PYMNTS

JANUARY 13, 2021

In today’s top digital-first banking news, Singapore tech startup Sea has reportedly bought Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE), while credit union service organization (CUSO) PSCU has lengthened its payment processing collaboration with Fiserv. Singapore Tech Startup Sea Buys Indonesian Bank BKE.

Credit Union Service Organization 56

Credit Union Service Organization Credit Union eWallet Contactless Payments 56

Clearly Payments

JANUARY 25, 2024

In this 2024 report, we’ll explore how payment methods have evolved in the Canadian market, focusing particularly on the shift towards digital, contactless payments , and mobile along with other 2024 trends. Credit unions have more than tripled their market share since 1982 and held 13% of consumers in 2023.

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

PYMNTS

JANUARY 23, 2019

After many years as a holdout in the world of near-field communication (NFC) payments, Target grabbed a lot of headlines yesterday (Jan. 22) with its announcement that it is embracing contactless payments. For many consumers, that means having a contactless payment option available.

Contactless Payments 68

Contactless Payments Point-of-Sale (POS) Issuers Large Merchants 68

PYMNTS

APRIL 12, 2019

He told Karen Webster about why the payment card network is working with contactless payment company Mobeewave in Australia to bring more merchants — smaller ones — into the digital payments ecosystem, a move that can also pay dividends for cardholders. New Payment Flows. Different Timetables.

FinTech 67

FinTech Contactless Payments Digital Payments Credit Union 67

PYMNTS

APRIL 20, 2018

Credit unions are doing so day in and day out with an incredibly high rate of success, according to the data. Since it’s ultimately unwise to fight the customer — who is, after all, always right — the smart investment is to give in and make sure the desired experience is on hand in the form of promotions or payments.

Credit Union 40

Credit Union Contactless Payments Enrollments Transactions 40

PYMNTS

FEBRUARY 2, 2021

Authorize.net , Visa’s SMB digital payment management system, is eliminating its monthly gateway fee for the life of an account in addition to its transaction fees for the first 100,000 transactions of new North American clients enrolling on Feb.

Point-of-Sale (POS) 84

Point-of-Sale (POS) Small Business Credit Union Enrollments 84

PYMNTS

JULY 23, 2020

Card-not-present (CNP) transactions have experienced an uptick, with debit CNP volumes up an average of more than 40 percent year over year and credit volumes up nearly 15 percent. Not only do contactless options lead to less human contact, but they also allow for faster transactions.

Online and Mobile Banking 60

Online and Mobile Banking Credit Union Push-to-Card Contactless Payments 60

The Fintech Times

AUGUST 12, 2024

Commissioned by Discover® Financial Services’ PULSE debit network and conducted by Banking & Payments Group , the study gauged insights from large banks, credit unions and community banks. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

Debit Card 64

Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

PYMNTS

APRIL 17, 2020

Cashless and Contactless Time To (Finally) Shine . All over the world contactless payments via contactless cards have exploded over the last couple of years — but in the U.S. PSCU has already seen orders for contactless plastic from its credit union partners, he said, and a changing orientation around their rollout.

Contactless Payments 64

Contactless Payments Push-to-Card Credit Union Underwriting 64

PYMNTS

FEBRUARY 19, 2018

percent — of payments executives are focused on contactless payments. Apple’s payment service Apple Pay, for example, is gaining in popularity, with many financial institutions accepting the digital payment method. . — About two in 10 — or 17.8

P2P 57

P2P Venmo Payments Credit Union 57

PYMNTS

JANUARY 15, 2018

Separately, Visa announced that it has launched pilots with Mountain America Credit Union and Bank of Cyprus of a new EMV dual-interface payment card. According to Visa, these are the two first commercial pilots to test an on-card biometric for contactless payments.

Credit Union 55

Credit Union EMV Contactless Payments Participant 55

The Fintech Times

AUGUST 28, 2024

In his new role, Lalani is responsible for Compare the Market’s Money products including credit cards and personal loans as the price comparison website continues to build a talented team and expand its choice for customers. Company updates Teya launches Tap to Pay, enabling Android phones to accept contactless payments.

FinTech 59

FinTech Credit Union Consulting AI 59

NFCW

NOVEMBER 27, 2023

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer 52