NEW YORK—A new three-country survey shows the U.S. leads the way in mobile payments but trails in contactless.
Fresh Today
SYDNEY, Australia—Australia’s Department of Treasury has published a new set of preliminary guidelines that govern the size of cash-based currency payments. The draft legislation proposes that a “payment limit of $10,000 for payments made or accepted by businesses for goods and services,” Bitcoinist reported.
PHOENIX–In a twist on Take Your Daughters and Sons to Work Day, Desert Financial CU hosted a “Take Your Parent to Work Day” at its headquarters here.
WASHINGTON—The Federal Reserve’s second-quarter senior loan officer opinion survey (SLOOS) "reinforces the growing divergence between the relatively sanguine economic story at the household level – where balance sheets and loan demand are solid – and financial markets,” noted NAFCU Chief Economist and Vice President of Research Curt Long.
WASHINGTON—With the House and Senate both adjourned for their August recess in-district work period, CUNA is encouraging CUs to engage with policymakers this month, outlining key priorities.
NEW YORK—Eleven New York lawmakers are calling for tougher oversight of New York City taxi medallion lending.
CUPERTINO, Calif.–Apple has begun a new “preview rollout” of its Apple Card, which it is issuing in conjunction with Goldman Sachs.
WASHINGTON–Consumer groups are applauding the announcement by the Federal Reserve that it plans to develop a real-time payment system, but they are also calling on the Fed to ensure protection against scammers and criminals who use faster payment systems to receive and move money.
RICHMOND, Va.— Some members of Call FCU here are reporting missing funds in their accounts. The credit union said it believes the members’ accounts were compromised as the result of a skimmer.
SALT LAKE CITY–Scott Simpson, president of the Utah Credit Union Association, is considering a run for Congress representing this state’s 1st District.