How Apple Helped Bring CUs into the Modern Age
When Apple came knocking on their doors to sign up credit unions for Apple Pay, these companies saw an opportunity to change their ways and start acting like nimble, modern financial institutions.   more »
Starting today, banks and credit unions will get two extra chances every 24 hours to handle Automated Clearing House (ACH) credit payments. But by itself, same-day speed may not be enough to meet the demands of an increasingly digital world. more »
When a mobile banking vendor told a San Antonio Federal Credit Union it didn't have the capabilities it wanted, the institution took a note from Facebook's strategy with Messenger and created a companion app. more »
Two corporate CUs — Catalyst and Alloya — are joining forces to provide a software platform that they vow will make checking more efficient and secure and easier to administer. more »
Walmart Pay has been available nationwide at Walmart stores for several weeks, but consumers haven't taken much notice — a foreboding sign for those hoping for a breakthrough with merchant-branded mobile payment apps. more »
PSCU, the St. Petersburg, Fla.-based credit union service organization (CUSO), said 11 of its owner credit unions have signed long-term contract renewals for the CUSO’s credit and debit processing services. more »
A single paragraph in a lawsuit filed by the Consumer Financial Protection Bureau is sparking fears by third-party payment processors that the agency is quietly and significantly expanding its authority over the industry. more »
Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities. more »
Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday. more »
Nebraska Credit Union League in Omaha has partnered with First Data's Star Network. more »
As the U.S. Supreme Court has agreed to consider a legal case on ATM fees, credit unions are bracing for impact. more »
The decision by a federal appeals court to toss out a blockbuster settlement between retailers and the card networks could re-expose some financial institutions to legal liability and threaten their already challenged interchange income. more »
A $5.7 billion settlement by Visa and MasterCard was rejected by an appeals court in New York, potentially renewing years of litigation with U.S. merchants over allegations that credit-card swipe fees were improperly fixed. more »
PenFed Highlights the CU Difference
PenFed CU CEO James Schenck went on TV to discuss the difference between banks and credit unions, and the credit union difference.