Credit Unions

  • FinTech Firms Make Inroads In Switzerland

    April 9, 2019 In Switzerland, the tally of FinTech firms grew by 62 percent year over year, aided by a favorable regulatory climate, according to a recent study.  And elsewhere, in Africa, significant ...
  • Millennials Tap POS Financing Amid Lack Of Credit Options

    April 5, 2019 Will Millennials Embrace POS Financing?For the younger generation, for cash flow, look beyond four walls. In the latest staff report from the New York Federal Reserve, titled “Trends in Household Debt and Credit,” it is noted ...
  • Chinese Banks Reined In Lending In February

    March 10, 2019 Banks in China reined in lending in February coming off a record high at the start of 2019, reported The Wall Street Journal. The report, citing data released Sunday (March 10), said ...
  • Can Better (Digital) Credit Help SMBs Thrive?

    March 5, 2019 B2BWhen food delivery startup Munchery closed its doors in January, it literally left dozens of small businesses holding the bag. Orders delivered to Munchery customers, and paid for by those ...
  • Atlanta’s Mercedes-Benz Stadium To Go Cashless

    March 4, 2019 Atlanta Stadium To Only Take Cashless PaymentsTo help keep the prices of food and drinks low, the Mercedes-Benz Stadium in Atlanta is about to become cashless. Only credit cards, debit cards and mobile payments will be ...
  • Levchin: Why The Affirm-Walmart Partnership Is More Than POS Credit

    March 4, 2019 As we learned last week, purchase financing for Walmart customers is changing. In fact, the change has already begun and will continue to roll out over the next several weeks. Going ...
  • Russia’s Trade Assoc. Accuses Visa, Mastercard Of Market Power Abuse

    March 1, 2019 Russia: Visa, Mastercard's Market Power AbuseRussia’s trade associations have accused Visa and Mastercard of abuse of market power in the country. According to RT.com, the Association of Internet Trade Companies, the Retail Companies Association (ACORT) and ...
  • Picking Up The Pace Of Payments To Stay Competitive

    February 28, 2019 Picking Up The Pace Of PaymentsConsumers have been trained – by Venmo and other P2P payments providers in the U.S. and around the world – to expect to be able to send and receive funds ...
  • Equifax Chief Hit By Identity Theft Three Times

    February 28, 2019 Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). Begor made ...
  • How Consumers Rate The State Of US Disbursements

    February 27, 2019 There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. Millennial consumers probably wouldn’t be so generous. The proof point is the latest ...
  • Mobile Card Services In Consumers’ Daily Lives

    February 25, 2019 Consumers are looking to their smartphones to manage their money with the help of mobile card services (MCS) in 2019. In other news, consumer packaged goods (CPG) brands such as Procter & Gamble (P&G) are rolling ...
  • Florida Prisons Delete $11M Worth Of Inmate Music Purchases

    February 21, 2019 MusicFollowing a switch in contractors that reportedly caused prisoners to lose access to music that they purchased, an inmate in a Florida prison is suing the Florida Department of Corrections ...
  • LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss

    February 20, 2019 LendingClub shares sank on guidance that missed the Street, but management said fourth quarter lending activity was strong across personal and auto loans, even as the macro environment moving forward ...
  • Moody’s: U.S. Household, Credit Debt Grow Modestly, Auto Delinquencies Decline

    February 13, 2019 Moody's ReportMoody’s Investors Service, an American Credit rating firm, has released its quarterly Pulse of Consumer Credit report, and in a report emailed to PYMNTS, it showed some insights into the ...
  • FinTech Credit: Not So Clear And Present Danger?

    February 11, 2019 FinTechs Press States To Streamline RegulationsA new report finds that it’s tough to regulate what one cannot define — and that’s true in FinTech credit, a nascent industry where the definitions of who does what ...
  • CFPB Payday Lending Rules 2.0 — What’s Next

    February 7, 2019 Tribal payday lendingThe next chapter in the ongoing saga that is payday loan regulation officially began yesterday (Feb. 6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a ...
  • PayNet, Numerated Pair Up For Business Lending Risk Analytics

    January 30, 2019 Financial technology (FinTech) company Numerated, which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In ...
  • More Americans Inch Toward Maxing Out Cards

    January 24, 2019 More Americans May Max Out Credit CardsTaking it to the limit, indeed. News came this week that global debt – that which is shouldered by governments and the private sector – is several hundred percentage points of ...
  • As Economies Slow And Global Debt Grows, Red Lights Flash

    January 23, 2019 Global Debt Grows as Economy SlowsThe economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit, and fanned by ...
  • Eurozone Banks Expect Credit Standards On Business, Home Loans To Tighten

    January 22, 2019 The European Central Bank warned Tuesday (January 22) that eurozone banks are planning on tightening credit standards when it comes to business and housing loans during the first three months ...
  • 305M+ Healthcare Claims Were Paid Via ACH In 2018

    January 17, 2019 ACH Payment Volume Jumps Almost 7 PercentNew data found that more than 306.7 million automated clearing house (ACH) electronic funds transfer (EFT) payments were made from health plans to healthcare providers last year. The new figures from NACHA — The ...
  • Regs To Banks: Go Easy On Govt Workers

    January 11, 2019 Regulators Ask Banks to Help Govt. WorkersAs Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. banking regulators asked lenders to help workers who couldn’t pay their ...
  • From Earnings Crunch To Credit Crunch?

    January 8, 2019 Stock Market: Earnings Crunch to Credit Crunch?By any reckoning, there may be a reckoning coming for stocks. The December no one wants to remember is in the rearview mirror, while January has shown some real continued volatility. But ...
  • Payments Fraud Rides Money Mules Into 2019

    January 4, 2019 Fraud Makes Headway Via ‘Payroll Diversion’Mule scams spur warnings from the FBI and other agencies headed into 2019. In the meantime, individual payments fraud cases in the U.S. show some more traditional methods of ill-gotten ...
  • FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

    November 27, 2018 The metaphor has been repeated countless times: Small businesses (SMBs) are the backbone of the economy. So, access to capital isn’t just essential for these companies to survive — it’s critical ...
  • UK Accounting Trade Group Weighs In On Late Payments

    November 5, 2018 Late payment ripple effects continue in the wake of the Carillion bankruptcy, and an accounting trade group has weighed in with its own proposals about how to address the controversy. Elsewhere, ...
  • Even Financial Buys Birch Finance, Ventures Into Credit Cards

    October 31, 2018 Even Financial announced it has acquired personal finance app Birch Finance for an undisclosed sum. San Jose-based Birch offers a mobile and web application that helps users find the right credit ...
  • Late Payments A Growing Problem In Western Europe

    October 30, 2018 Late payments, as tracked by Atradius, are a growing problem across Western Europe, and insufficient availability of funds remains the culprit. Elsewhere, studies show that Slovakia reigns among European nations as ...
  • Moody’s Sees Improving Charge-Off Climate

    October 25, 2018 Moody's: Loan, Credit Card Charge-offs ImprovingMoody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S. banks to 10 basis points ...
  • B2B Payments Firm PayMate Enters SMB Lending Market

    October 15, 2018 India-based PayMate is expanding its offering beyond B2B payment services as it steps into the small business (SMB) lending market. Reports in The Hindu BusinessLine on Friday (Oct. 12) said PayMate ...
  • Will Risky Supplier Financing Light The $1.3T Debt Bomb’s Fuse?

    October 12, 2018 Stock markets around the globe seem to be in freefall. Interest rates are marching higher. Sears, at least at the time this article, is prepping for bankruptcy. Consumers may feel a ...
  • Brex’s Plan For Its New $125M In Funding

    October 12, 2018 When Brex CEO Henrique Dubugras first started out as an entrepreneur, his first destination wasn’t finance — it was virtual reality (VR) technology. But that changed when he went to try ...
  • Divvy Lands $30M To Disrupt The Homeownership Model

    October 10, 2018 Homeownership startup Divvy announced that it has raised $30 million in equity and debt from Andreessen Horowitz, with participation from seed investors Caffeinated Capital, DFJ and PayPal Co-founder Max Levchin. The ...
  • Will Square’s Stock Drop Shift Attention To Credit Risk?

    October 9, 2018 Shares of Square dropped more than 8 percent on Monday (Oct. 8), as a bear on the Street said the firm is taking on credit risk that may be too ...
  • ICC Taps Global Credit Data To Broaden Trade Risk Analysis

    October 8, 2018 The International Chamber of Commerce‘s (ICC’s) Banking Commission is collaborating with bank-owned database Global Credit Data (GCD) to broaden the scope of the ICC’s Trade Register, an announcement revealed Monday (Oct. ...
  • Lease-To-Own Services Make A Comeback With Overstock.com

    September 24, 2018 Lease-to-own services are making a comeback with eCommerce retailers. Overstock.com is bringing a lease-to-own purchase option to its financial service offerings. The option, provided by Progressive Leasing, allows customers to lease products ...
  • Casper Runs Afoul Of UK Credit Broking Rules

    September 3, 2018 CasperCasper, a U.S.-based online mattress company that has the backing of 50 Cent, the rapper and entertainer, has found itself in trouble with U.K. regulators. According to a report in the ...
  • The Three Types Of Risk To Remediate For SMBs

    August 27, 2018 SMBs, paticularly micro-SMBs with fewer than 10 employees, face risks and risk challenges unique to all of financial services, Tide CEO Oliver Prill told Karen Webster in a recent conversation.  ...
  • UK Debt Advice Providers Lack Funding To Keep Up With Demand

    August 27, 2018 Consumer DebtAs consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers of debt advice say they don’t have enough ...
  • Amazon Faces Labor Issues As Prime Day Revs Up

    July 16, 2018 As Prime Day is getting ready for push-off in the U.S., workers in Spain and Germany are striking to protest working conditions at the company’s warehouses, according to CNBC reports. ...

Digital Discussions

YOUR NEWS IN 90 SECONDS

To Top