UW Credit Union has chosen six high school seniors to receive $2,000 college scholarships as part of its Community Values Scholarship program.
PSCU has announced that Community 1st Credit Union has joined the nation’s leading CUSO after an extensive partner evaluation process. The credit union, which currently has more than 55,000 members, $530 million in assets, and 16 locations in 14 cities, signed a five-year deal with PSCU.
With a highly banked population and a reputation around the world for being fiscally responsible, a new survey reveals that many Canadian consumers face challenges with the current ways they manage their finances, budget and pay for goods. As a result, Canadians from coast to coast are considering new financial tools to help them solve these problems and take control of their financial lives.
NCR Corporation announced that Gibraltar International Bank has chosen NCR and local channel partner BSG Computer Systems to deliver the latest NCR intelligent deposit ATMs and NCR software solutions. The NCR solutions are expected to increase transactions through the more convenient ATM channel, available 24/7 in a range of locations in Gibraltar. This transition will improve customer experience by freeing bank staff to interact with customers on other high-value banking services.
Elavon, a leading provider of payment solutions and subsidiary of U.S. Bancorp (NYSE: USB) has signed a multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for approximately 4,500 of the company’s more than 7,600 hotels over the next 18 months.
The vast majority of Americans (90 percent) recognize the importance that access to credit plays throughout their life, according to the new Chase Slate Credit Survey. However, when it comes to awareness of their personal credit health there are gaps. Nearly four-in-ten Americans (39 percent) admit they do not know their current credit score, and more than half (52 percent) do not know that paying bills on time is the factor that has the largest impact on their credit score.
Mobile transactions are a growing category in a very real sense, with awareness of the various payment opportunities the category offers continuing to rise. What’s more, majorities of Americans indicate that tapping to pay could be useful across a broad gamut of retailers and service providers.
At the Federal Trade Commission’s request, federal courts in New York and Georgia have temporarily halted three debt collection operations that allegedly violated federal law by threatening and deceiving consumers via text messages, emails, and phone calls. The FTC seeks to permanently end the unlawful practices.
TX-based Sigma Payment Solutions announced an alliance with KISS Concepts Group to market their solutions to auto dealers in the buy-here-pay-here industry, as well as finance companies, credit unions and banks throughout the USA.
Entrust Datacard released the latest release of the Datacard CardWizard software version 6.3. This release is the newest and most robust release of the company’s proven software that features new functionality and enhanced capabilities for financial institutions instantly issuing payment cards in-branch.
As the United States transitions to EMV, POS fraud will grow less lucrative. Higher-security cards will make counterfeiting substantially more difficult, if not impossible. Additionally, any encrypted or tokenized payment information will make data gained from compromised terminals useless for future POS transactions.
MasterPass has been gaining momentum driven by the increasing trend among consumers in using it for smaller ticket, everyday payments. MasterCard has also seen a surge in transaction volumes, with a monthly compound average growth rate of 38% for MasterPass transactions in Asia/Pacific for 2014.