Friday, October 24, 2014
Credit Unions Flock to Apple Pay for Competitive Advantage
Credit unions make up a substantial number of the financial institutions that have enrolled with Apple Pay, and some unofficial lists suggest the majority of early uptake is coming from credit unions.
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WASHINGTON — The White House is slated to unveil a major package of initiatives on Friday to increase data security for financial transactions, including an executive order to add chip-and-PIN technology to government-issued credit and debit cards. more »
Wal-Mart Stores Inc.'s deal to distribute Green Dot Corp.'s mobile checking account, GoBank, signals a fundamental change in how both companies approach their audience. more »
DES MOINES, Iowa — As mobile payments becomes more ubiquitous, card tokenization efforts are on the rise. more »
The steady stream of data breaches is changing how credit unions battle card crime and spotlighting rising fraud costs, which are proving difficult for small CUs to absorb. more »
Home Depot is working with financial institutions and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information. more »
A year ago, bank executives were taking a hard look at credit cards — if they didn't offer one, they were seriously considering it; and if they already offered a card, they wanted to boost its profile. The moves have paid off with huge growth rates. more »
WASHINGTON — A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act. more »
LAKE BLUFF, Ill. — The practice of ordering consumer payments from highest to lowest is declining among financial institutions, according to a new study from Moebs Services. more »
DES MOINES, Iowa — Thanks to host card emulation (HCE), tap-and-go may well become the primary way consumers pay with their phones at the point of sale. more »
Goodwill Industries is investigating a possible theft of customer card data. more »
Navy Federal Credit Union has implemented a money management mobile app from Cachet Financial Solutions to upgrade its prepaid card program for students. more »
GreenStar Payment Solutions, a venture of SinglePoint, Advanced Content Services and GreenHouse Payment Solutions, is offering debit card acceptance to legal marijuana dispensaries through the use of cashless ATMs. more »
BOSTON — By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip and signature will be preferred by issuers out of the gate, according to a recent survey. more »
Oct 27 - 29 | Financial Services Collections & Operational Risk Conference

The Cosmopolitan
Las Vegas, NV
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Nov 19 - 21 | 19th Annual Small Business Banking Conference

Trump National Doral
Miami, FL
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Vintage Aussie credit union spot
Today's ads may look a little different, but this 1993 credit union TV commercial from Australia still hits many of the same points as today's ads. "People helping people" doesn't go out of style.
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