Fiserv Intro’s What It Is Calling First-of-Its-Kind Fraud Detection Solution 10/13/2020 07:48 pm BROOKFIELD, Wis.—Fiserv has introduced what it is calling a first-of-its-kind intelligent fraud detection solution for card issuers of all sizes, designed to help minimize fraud losses while maximizing legitimate cardholder spend for a full range of card types.
Mike Beall Shares His Coming Out Story; Recalls Facing Homophobia in CUs 10/13/2020 07:49 pm TACOMA, Wash.–Mike Beall, co-owner of CU Strategic Planning, released a video on National Coming Out Day in which he shared his own story of being gay and dealing with homophobia in the credit union community.
Virginia CU Scores Small Win as It Seeks to Expand FOM 10/13/2020 07:49 pm RICHMOND, Va.–A credit union here has scored an incremental victory in its year-long legal and regulatory skirmish with banks in the state.
CFPB Issues Report on Agreements Between Card Issuers, Institutions of Higher Learning 10/13/2020 07:48 pm WASHINGTON—The Consumer Financial Protection Bureau has issued a report on agreements between credit card issuers and institutions of higher education, as well as certain organizations affiliated with such institutions.
Fed Working With 7 Central Banks and BIS on Framework for Digital Currency 10/13/2020 07:48 pm WASHINGTON—The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency.
MoneyGram Extends Relationship with Walmart for Three Years 10/13/2020 07:47 pm DALLAS—MoneyGram International Inc. has announced a three-year extension to its relationship with Walmart, the world's largest retailer.
Debit Dips Slightly But Credit Continues to Show Positive Growth in Latest PSCU Analysis 10/13/2020 07:55 pm ST. PETERSBURG, Fla.– Card payment volume growth rates continued to show overall strength in the most recent data released by PSCU’s Advisors Plus and Data & Analytics teams, with debit dipping slightly and credit showing continued positive growth.
Taxi Medallion Loan-Holders Beg For Relief, But It Appears Unlikely 10/13/2020 07:57 pm NEW YORK–Taxi-medallion owners driving cabs in this city continue to protest terms of their loans and call for financial relief, even as the city and the company that bought a huge portfolio of medallion loans from NCUA have indicated little relief will be forthcoming.
Everyday Americans Increasingly Being Scammed on Payments Apps 10/13/2020 07:51 pm NEW YORK–A growing number of everyday Americans are being scammed on payments apps. During the pandemic people have flocked to instant payments apps such as Cash App, Venmo and Zelle as consumers have seen their financial institution branches close and they’ve turned increasingly to online commerce.
Harland Clarke Again Sponsoring International Credit Union Day; Sees Opportunity to ‘Shine a Light’ on CUs 10/13/2020 07:51 pm SAN ANTONIO—Harland Clarke is again sponsoring International Credit Union Day in collaboration with CUNA and the World Council of Credit Unions.
