New Tool Helps FIs Set Up International Payments, Mastercard Says 06/21/2023 07:57 pm PURCHASE, N.Y.—Mastercard has launched a tool it says will help financial institutions set up international payments for their customers and members, including consumers and SMEs, in more than 60 currencies to over 100 markets.
Santa Clara County FCU Earns CDFI Designation 06/21/2023 07:59 pm SAN JOSE, Calif.–Santa Clara County FCU has received its certification as a Community Development Financial Institution (CDFI) from the Treasury department.
Westerly Community Celebrates 2022 Achievements 04/26/2023 12:04 pm WESTERLY, R.I.–Westerly Community Credit Union held its annual meeting at which it offered a brief review of the highlights from the year-end 2022 financial statements, as well as other updates.
NAFCU Sends a Pair of Letters to Capitol Hill 04/26/2023 07:31 pm WASHINGTON—NAFCU has sent a pair of letters to Capitol Hill, the first regarding actions taken by the SBA, the second urging greater accountability by the CFPB.
How are Victims Being Scammed Financially? It Begins With Lack of Awareness, Survey Finds 04/26/2023 07:29 pm ATLANTA–A new report has found a lack of awareness of financial scams is putting many consumers at severe risk.
ACH Drives Rise in Noncash Payments, ATM Cash Withdrawals Plunge, New Fed Study Shows 04/26/2023 07:30 pm WASHINGTON—The increase in the value of ACH transfers accounted for more than 90% of the rise in noncash payments value from 2018 to 2021, according to a new 2022 Federal Reserve Payments Study (FRPS), which also found the number of ATM cash withdrawals dropped substantially from 2018 to 2021.
New Payments Offers for Female Entrepreneurs Intro’d by Mastercard in 1 Region 04/26/2023 07:28 pm PURCHASE, N.Y.—Mastercard has introduced new payment solutions for women entrepreneurs in one part of the world.
Long-Time Favorite Credit Card of the Wealthy Loses Its Place 04/26/2023 07:29 pm NEW YORK—A new report has found American Express—long positioned as the card of choice among wealthier Americans—no longer holds that distinction.
CFPB Restrictions Are Diverting CU Resources Away from Meeting Member Needs, CUNA Tells Bureau 04/26/2023 07:31 pm WASHINGTON—The Consumer Financial Protection Bureau should recognize excessive or restrictive requirements would divert credit union resources from meeting member needs, according to CUNA.
