The Fintech Times

JULY 17, 2025

Geri Hopkins, chief operations officer at Skyla Federal Credit Union For those excluded from the banking sector, finding a foothold in it can be daunting, explains Geri Hopkins , chief operations officer at Skyla Federal Credit Union , a not-for-profit financial cooperative that provides banking services to its members. .

FinTech 45

FinTech Online and Mobile Banking Underserved Non-Bank 45

Fintech Labs Insights

JANUARY 24, 2025

This constantly updated article tracks the biggest and most important new products released worldwide by financial technology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. Well also link to important demos, podcasts and YouTube videos.

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Product FinTech Online and Mobile Banking Credit Union 12

PYMNTS

JULY 25, 2019

A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event. Amazon wasn’t the only company to see a boost in sales during this year’s Prime Day.

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Credit Union Credit Union Service Organization Advisors Debit Card 66

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. With credit, you’re just giving somebody a credit line — there’s really no risk for the consumer.

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Credit Union Consumer Online and Mobile Banking Card Issuer 105

The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases.

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

PYMNTS

JULY 28, 2020

PYMNTS’ July 2020 Credit Union Innovation Playbook , done in collaboration with PSCU , surveyed 100 credit union (CU) executives and CEOs to learn how the highly interdependent CU/CU member community has succeeded — and sometimes failed — to innovate for digital demand. “CUs, Situation Stormy, With Scattered Optimism.

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Credit Union Innovation Debit Card Product 56

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 .

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

PYMNTS

SEPTEMBER 14, 2017

It’s not just for banks and payments at large, but for credit unions too. In a recent study of 221 credit union employees conducted by CO-OP Financial Services , 88 percent of respondents said that digital transformation remained either “quite” or “extremely” important. Transforming, digitally,” is hard, said Kardell.

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Credit Union Continuing Education Debit Card P2P 55

PYMNTS

JANUARY 16, 2020

A new decade — and for credit unions (CUs), might this be the decade of data as a conduit of trust, a way to cement customer loyalty? The focus is on helping credit unions improve and enhance engagement with their members. Digital banking efforts were once only realistic for the most deep-pocketed of traditional FIs.

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Credit Union Instant Payments Real Time Payments Credit Union Service Organization 55

Finextra

OCTOBER 29, 2024

PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. PSP Services Inc.

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Debit Card Acquirers Transactions Product 52

PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. The average debit card purchase amount rose 19.9 percent year over year.

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Debit Card Credit Union Service Organization Credit Cards Credit Union 52

Fintech Finance

FEBRUARY 1, 2024

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a new technology integration with Lexop , a self-service software for credit unions, financial institutions, and other financing companies that optimizes the repayment journey for past-due consumers.

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Credit Union Embedded Payments Debit Card Payments 52

Stax

DECEMBER 20, 2023

Debit card transactions generally have lower interchange fees compared to credit card transactions. This is because debit cards are linked directly to the customer’s bank account, and the risk of non-payment or default is lower. That’s why interchange varies so widely.

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Credit Cards Debit Card Processors Non-Bank 167

Electronic Payments Coalition

FEBRUARY 8, 2024

It’s been over a decade since the Durbin Amendment placed price caps and routing mandates on debit cards. Now Senator Dick Durbin is back, with the help of Senator Roger Marshall, to impose similar routing mandates on credit cards. Congress should do the smart thing and REJECT the Durbin-Marshall Credit Card Bill.

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Credit Union Community Banks Credit Cards Debit Card 59

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Canada’s largest CU, the 4.2

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Credit Union CCPA Data Breach NCUA 52

PYMNTS

SEPTEMBER 22, 2017

The hits just keep coming for Equifax: Summit Credit Union has filed a lawsuit against the credit reporting agency in response to the massive data breach that compromised the personal data of around 143 million people. Most of the major financial institutions learned about it through the media,” one banker said.

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Credit Union Data Breach Breach Identity Theft 54

Clearly Payments

APRIL 25, 2024

Named after its chief advocate, Senator Richard Durbin , this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions. Prior to the Durbin Amendment, merchants would typically see debit card fees as 2% plus $0.40 ISO or aggregator). per transaction.

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Debit Card Federal Reserve Caps Credit Union 101

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.

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Credit Union Debit Card Contactless Payments Mobile Payments 86

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.

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Credit Union Product Consumer Debit Card 51

PYMNTS

JULY 31, 2020

We have deep dives into cloud technology for financial institutions (FIs), debit cards and a potential credit card default crisis. Synchrony CEO Warns Of US Credit Card Default Crisis. Using Debit Cards To Bridge The Stimulus Accessibility Gap (Next-Gen Debit Tracker).

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Debit Card Credit Cards Technology Credit Union 56

PYMNTS

OCTOBER 17, 2018

Legal use does not necessarily mean legitimate business, however, and this emerging and often-controversial industry may quickly encounter financial roadblocks, which credit unions (CUs) are uniquely suited to address. I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said.

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Credit Union Legal Non-Bank Underserved 50

PYMNTS

DECEMBER 11, 2019

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. PSCU said it has rolled out a half-million contactless cards to members from 14 credit unions (CUs).

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Credit Union Contactless Payments Credit Union Service Organization Debit Card 53

PYMNTS

DECEMBER 21, 2020

Many people began to think long and hard about using credit when they were unsure if they'd have financial stability with the mass layoffs and virus shutdowns. Credit union service organization (CUSO) PSCU noted that there had been a 28.9 percent decrease of credit card spending in April as opposed to a year prior.

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Federal Reserve Fed Credit Union Service Organization Shutdown 119

Finextra

MARCH 5, 2025

a leading provider of banking and payments solutions, today announced a partnership to bring payment issuance solutions to North American banks and credit unions. Finastra, a global provider of financial services software applications, and i2c Inc.,

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Debit Card Credit Union Payment Solutions Payments 59

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?

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Credit Union Innovation Debit Card On-Demand 69

PYMNTS

NOVEMBER 13, 2019

Credit unions (CUs) nationwide are no exception, according to Matt Kardell, chief revenue officer at CO-OP Financial Services. Obviously, when you look at the numbers and what happens at this time of year, the shopping events are huge opportunities for credit unions,” he noted.

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Credit Union Push-to-Card Debit Card Card Issuer 46

Payments Dive

APRIL 7, 2017

Elan Financial Services has launched a suite of mobile services that allows cardholders of issuer banks and credit unions to control how their debit cards are used.

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Credit Union Debit Card Issuers 68

Electronic Payments Coalition

OCTOBER 20, 2023

The coalition includes organizations representing the vast majority of federally-regulated financial institutions across the country, including community banks, credit unions, and institutions serving the military community concerned about the negative impact Reg II changes could have on millions of deposit account holders.

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Debit Card Fed Credit Union Regs 40

Payments Source

MARCH 14, 2016

Retailers who claim that restrictions on debit card fees benefit credit unions and community banks miss the point: These price controls are bad for consumers.

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Credit Union Debit Card Community Banks Consumer 65

PYMNTS

APRIL 27, 2020

Credit union service organization (CUSO) PSCU compared the week ending April 19, 2020, to the same time frame in 2019 to discover what impact the coronavirus is having on consumer spending and shopping trends. People spent more money on consumer goods, with a 20 percent increase in debit card transactions.

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Debit Card Credit Union Credit Union Service Organization Credit Cards 60

Payments Source

NOVEMBER 21, 2017

A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.

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CFPB Credit Union Consumer Debit Card 65

PYMNTS

APRIL 13, 2020

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Debit card spending is down 12 percent for the same period.

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Credit Union Service Organization Debit Card Credit Union Credit Cards 56

Payments Dive

MARCH 4, 2016

The mobile wallet now supports eligible credit and debit cards from 70 banks and credit unions.

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Credit Union Debit Card 60

PYMNTS

MARCH 30, 2020

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. percent year over year, with debit card incremental spend coming out ahead of credit cards by 3.5 percent drop. percent drop. Transaction dollars are higher 41.3

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Debit Card Consumer Credit Union Service Organization Credit Union 56

PYMNTS

JANUARY 20, 2017

While banks and credit unions are a part of the equation, Buzzard explained that the onus of “issuing” an authenticated identity should not fall solely on the institutions. A big area of focus in payments security, particularly for financial services players such as credit unions, is identity verification.

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Credit Union Fraud Prevention Authentication CHIPS 44

Payments Source

MAY 4, 2017

Jack Henry will be able to provide full-service credit and debit card processing to all existing core bank and credit union clients on a single platform.

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Process Credit Union Debit Card Payments 60

Payments Source

APRIL 30, 2020

Consumers are using their debit and credit cards less, and that's causing a decline in interchange income for credit unions and banks.

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Credit Union Credit Cards Consumer Debit Card 99