PYMNTS-MonitorEdge-May-2024

CUs

CFPB: VyStar Hurt Customers With ‘Botched’ Online Banking Rollout
CFPB: VyStar Hurt Customers With ‘Botched’ Online Banking Rollout
October 31, 2024  |  Regulation

Federal regulators have taken action against VyStar Credit Union following a “botched” online banking launch. As the Consumer Financial Protection Bureau (CFPB) said in its...

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NuMark Credit Union Chooses Atleos to Upgrade ATM Offerings
NuMark Credit Union Chooses Atleos to Upgrade ATM Offerings
October 08, 2024  |  Credit Unions

Self-service banking provider NCR Atleos has launched a collaboration with NuMark Credit Union. “As member expectations continue to evolve, we are committed to providing a...

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41% of Banks Offer Embedded Finance Solutions, Have FinTechs to Thank
41% of Banks Offer Embedded Finance Solutions, Have FinTechs to Thank
August 27, 2024  |  Digital Banking

In today’s financial services arena, embedded finance and banking-as-a-service (BaaS) have emerged as transformative forces, redefining the way banks and financial institutions (FIs) engage with...

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Velera Debuts ID Verification Tool for Credit Union Members
Velera Debuts ID Verification Tool for Credit Union Members
August 01, 2024  |  Identity

Credit union service organization Velera has introduced an identity security/authentication tool. IDCheck by Co-op, announced Thursday (Aug. 1), is available to members of the Co-op...

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TriVerity and Akuvo Team to Ease Collections for Credit Unions
TriVerity and Akuvo Team to Ease Collections for Credit Unions
July 30, 2024  |  Partnerships

Collection agency TriVerity has teamed with collections/credit risk company Akuvo. The collaboration, announced Tuesday (July 30), is designed to ease the process of third-party charge-off...

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New Data: Self-Service Innovation Emerges as Key to Credit Union Retention and Growth
New Data: Self-Service Innovation Emerges as Key to Credit Union Retention and Growth
July 10, 2024  |  Credit Unions

Credit union (CU) members tend to value benefits such as personal service and a sense of community associated with CUs. Data reveals, however, that CU...

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How Credit Unions Are Playing David Against Industry Goliaths
How Credit Unions Are Playing David Against Industry Goliaths
June 13, 2024  |  Credit Unions

Regardless of a credit union’s size, members expect digital-first capabilities that can compete with what for-profit financial institutions (FIs) offer. While many CUs are rising...

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FinTech and Credit Union Innovation Agendas Meet at Gen Z
FinTech and Credit Union Innovation Agendas Meet at Gen Z
June 04, 2024  |  Credit Unions

A key objective among FinTechs is to innovate new products that extend their brand reputation and market reach. For example, FinTechs are expanding their mobile...

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Nearly Half of Credit Unions Have No Plans for BNPL, Despite Member Demand
Nearly Half of Credit Unions Have No Plans for BNPL, Despite Member Demand
April 22, 2024  |  Credit Unions

Credit unions (CUs) are continuing to win over members, with roughly 1 in 5 current CU members telling PYMNTS Intelligence they’ve changed primary banks last...

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