DES PLAINES, Ill.—A new company is offering a closed-loop payments system to cannabis businesses to help eliminate their need to handle large amounts of cash.
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LAKE FOREST, Ill.—Overdraft revenue at banks, thrifts and credit unions fell sharply in the first quarter of 2015, dropping 3.8% on an annualized basis.
OAK RIDGE, Tenn.—While the crooks who kidnapped the CEO of Y-12 FCU here are still at large, the credit union does not believe the same people are behind a kidnapping/robbery that took place across the state at another CU.
MEMPHIS, Tenn.—The alleged kidnapping of a credit union employee in her home here as part of a robbery plot is the third time in the past four months that such a kidnapping/robbery has taken place at a credit union.
MEMPHIS, Tenn.—The 64-year-old manager of an FAA CU office here—kidnapped Monday during the robbery of her branch, followed procedures that minimized the CU’s financial loss from the crime, said CEO Todd Vanderpool.
SAN DIEGO—Mitek has introduced mobile technology that allows FIs to quickly verify the authenticity of a person’s driver’s license. The technology is needed, according to Mitek, in order to meet demand for strong, second-factor authentication as more banks and credit unions enroll consumers via their phones for products, including digital wallets.
LIVONIA, Mich.—Just as Save to Win is designed to teach low-income members to put money away a little at a time so it builds, the program itself started small and has grown—poised to expand across several states.
SCHAUMBURG, Ill.—Terms for new and used car loans continue to rise, as well as leasing interest, according to a new report.
WASHINGTON—A new report by the Treasury’s Financial Crimes Enforcement Network (FinCEN) shines a light on money services businesses (MSBs) and their interactions with financial institutions—particularly credit unions.
BEAVERCREEK, Ohio—Wright-Patt Credit Union has released Android smartwatch functionality, saying it is seeking to be where many members may well be heading with mobility.