NEW YORK—The nation’s 14 largest credit card issuers slashed $99 billion from their customers’ spending limits in 2020, mostly affecting financially troubled households, according to a new report.
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SAN FRANCISCO–A new study suggests the “explosive” growth of buy now pay later solutions (BNPL) will only continue to surge.
BOSTON—Credit unions should prepare for a “big upcoming trend” involving new competition, according to one analyst. The trend? Startups launching new credit card products at a rapid pace, according to David Shipper, senior research analyst at Aite Group.
NEW YORK—More consumers are showing interest in their rewards points, according to the 2020 ACI Speedpay Pulse Study, which surveyed more than 3,000 adults nationwide in March and April.
DALLAS–Credit Union of Texas has expanded its relationship with PSCU to now also provide credit processing support for the credit union.
MADISON, Wis. – CUNA Mutual Group said its AdvantEdge Analytics has now evolved into AdvantEdge Digital, and is offering a suite of software as a service (SaaS) solutions.
WASHINGTON—Two members of CUNA’s board have announced their resignation from the trade association’s board of directors.
BROOKFIELD, Wis.—Fiserv, Inc. has agreed to acquire Pineapple Payments.
PULLMAN, Wash.–Gesa Credit Union has entered into a 10-year, $11-million sponsorship deal for the naming rights to the home field of the Washington State Cougars football team.
WASHINGTON–The FDIC has offered additional direction around its “rapid phased prototyping (RPP) initiative,” which is open to banks and other federally insured institutions and which is a program designed to help accelerate the adoption of new technological solutions.