CARPINTERIA, Calif.–Fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment cards issued worldwide reached $21.84 billion last year when global card volume (purchases of goods and services combined with cash advances and withdrawals) totaled $31.310 trillion, according to new data released by The Nilson Report.
Fresh Today
GRAND RAPIDS, Mich. – CU*Answers, said it will host a webinar to educate clients on the benefits of their 2017 CU*OverDrive marketing program for client credit unions.
SACRAMENTO–It’s hard to miss the Golden 1 Credit Union’s name and logo at the newly opened Golden 1 Center here, home to the NBA’s Sacramento Kings.
SURREY, B.C.–Coast Capital Savings Credit Union here is seeking to expand nationally.
HELENA, Mont.–Rocky Mountain Credit Union here has alerted approximately 135 of its members that some of their personal information could have been publicly accessible through its website between April 15 and June 30.
ALEXANDRIA, Va.–NCUA Board Member Mark McWatters is reminding CUs that NCUA will roll out a revised interest-rate-risk supervisory tool that examiners will employ beginning in the first quarter of 2017.
SAVANNAH, Ga.–When it comes to payments, what’s going on with digital, with merchants, with same-day ACH? Does your credit union want to be a landlord or a tenant?
WASHINGTON–Perhaps as the result of their ability to develop strong relationships with their members, credit unions between $500 million and $1 billion in assets are outpacing national averages in share draft, member business loan, and auto loan penetration, according to second quarter analysis from Callahan & Associates.
WASHINGTON—CUNA has sent a comment letter to FinCEN supporting the agency’s proposal that would ensure certain financial institutions lacking a federal regulator—including privately insured credit unions (PICUs)—follow the same BSA-related requirements as other financial institutions.
DES MOINES, Iowa and RANCHO CUCAMONGA, Calif.–Mercator Advisory Group, TMG and CO-OP Financial Services have released two blockchain resources for community-based financial institutions.