TMG: Time To Enroll BINs In Apple Pay 10/07/2014 08:34 pm 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.
Thrifts Beat Banks, CUs On Weekend Hours 10/08/2014 02:05 pm LAKE FOREST, Ill.—Thrifts are beating banks and credit unions in offering weekend hours, with two-thirds of thrift institutions open on Saturday compared with a little more than half of banks and CUs.
Oregon, Washington CUs Urged To Leverage Their ‘Marketshare’ 10/09/2014 07:20 am SPOKANE, Wash.—Credit unions from Washington and Oregon gathered here at the Amplify meeting of the Northwest CU Association were told that collectively they are “one of the region’s most impactful employers, charitable contributors, and political influencers.”
OneMain Financial Plans $50-Million IPO 10/08/2014 06:40 pm NEW YORK—OneMain Financial, a unit of Citigroup that makes loans to underserved consumers and those with damaged credit, is planning a $50-million IPO as part of a spin-off.
Allied Solutions Offer SmartVideo 10/08/2014 06:43 pm CARMEL, Ind.—Allied Solutions said it will offer SmartVideo technology, powered by SundaySky, to its CU clients that will allow them to create videos tailored to individuals. The technology, the company said, gets “members are engaged in a way that traditional print and electronic communications simply cannot.”
Fed Announces CDIAC Members 10/09/2014 11:57 am WASHINGTON—The Federal Reserve Board yesterday announced the members of its Community Depository Institutions Advisory Council (CDIAC), and it includes three credit union representatives, including Micashel J. Castellana, CEO of SEFCU in Albany, N.Y., who will serve as vice president
Bay Winds Members Approve MCU Merger 10/08/2014 06:48 pm CHARLEVOIX, Mich.—Members of the $179-million Bay Winds FCU have voted in favor of a merger with the $215-million, Traverse City, Mich.-based Members Credit Union.
CU Robbery Temporarily Locks Down Schools 10/08/2014 06:50 pm ASHEVILLE, N.C.—A robbery at a branch of State Employees Credit Union here resulted in local schools being locked down.
Javelin Reports Non-Card Fraud Tripled 10/08/2014 06:54 pm SAN FRANCISCO—Noting that non-card fraud nearly tripled from 2012 to 2013 and resulted in total loss of $5 billion, Javelin Strategy and Research has released its 2014 Identity Safety in Banking report, which evaluates the top 50 institutions on their performance in providing consumer facing information about account security features.