CARPINTERIA, Calif.–Spending for goods and services goods and services generated by Visa, Mastercard, American Express, and Discover credit and debit payment cards issued in the United States amounted to $5.555 trillion in 2017, an increase of 7.9% over 2016, according to data released by The Nilson Report.
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PURCHASE, N.Y.—One quarter (24%) of Europeans expect to start using “tap and go” contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments, according to new figures from Mastercard.
CANBERRA, Australia—Australia's real-time payments platform, which just launched, has sparked privacy concerns.
NEW YORK—A new report indicates Americans prefer financial institution branches over mobile apps when it comes opening new accounts.
NORTH, TRAVERSE CITY, Mich.—Cybersecurity professionals are predicting “catastrophic” cyber-attacks are coming.
WASHINGTON–The Senate has voted in favor of proceeding on S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, which has been the subject of heavy lobbying by both credit unions and banks.
SEATTLE–Amazon is reportedly in discussions with several big banks, including JPMorgan Chase, about creating a checking-like product that it could offer to its customers.
HOBOKEN, N.J.–As Amazon continues to expand its reach into other businesses, there has been much discussion and even concern within credit unions over what it might mean should the company expand into financial services.
WASHINGTON—The U.S. District Court for the District of Columbia has scheduled a hearing on the summary judgment motions in the lawsuit against NCUA's field-of-membership rule for 10 a.m. ET on March 14.
WASHINGTON–Credit Union Student Choice, a provider of higher education financing solutions to America’s credit unions, said it recently finalized its fourth annual “Lend Your Voice” campaign, which invites Student Choice borrowers to share how an education loan from their credit union has impacted their lives.