DES MOINES, Iowa—With Apple Pay potentially marking a new era in mobile payments, it’s time credit unions begin enrolling their BINs with the payment alternative.
Fresh Today
WASHINGTON—The Consumer Financial Protection Bureau will be holding a forum on checking account screening practices here today, at which credit union trade association representatives will be on hand.
IRVINE, Calif.—Home prices nationwide, including distressed sales, increased 6.4% in August 2014 compared to August 2013, which represents 30 months of consecutive year-over-year increases in home prices nationally, according to CoreLogic’s Home Price Index.
TALLAHASSEE, Fla.—CU24 reported it has entered into a licensing agreement with MasterCard to enable EMV card transactions to route over the CU24 network.
DALLAS—A new report on second quarter economic data suggests that although the forecasts for economic growth and unemployment have improved, questions regarding to what extent consumer spending will contribute to GDP growth remain. “Moreover, concerns remain on whether or not the employment profile of the economy will improve enough so as to instill enough confidence to entice more consumers to open their wallets,” said Brian Turner, executive director with Meridian Alliance.
SAN RAFAEL, Calif.—U.S. consumer confidence has improved to a point not seen in the last six years, according to the Money Anxiety Index. The consumer confidence metric dipped to 69.2, below the 50-year average of 70.7, signaling improving financial confidence according to Dan Geller, chief research officer of the index.
SAN ANTONIO—Randolph Brooks FCU has made the rewards available on its debit card even more attractive.
BISMARCK, N.D.—The Credit Union Association of the Dakotas (CUAD) is hosting its New Ideas Conference here this week.
TORTOLA, BVI—Venture capitalists continue to place bets on Bitcoin-related businesses, even as many remain skeptical of the business model and regulation is scant.
VIRGINIA BEACH, Va.—Chartway FCU’s “We Promise Foundation” is reporting that for the first time it has surpassed the $1-million mark in contributions.