credit unions

Credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.

Source: en.wikipedia.org

Velera Introduces Card on File Solution for Credit Union Cardholders
Velera Introduces Card on File Solution for Credit Union Cardholders
January 29, 2025  |  Credit Unions

Credit union service organization (CUSO) Velera introduced its Card on File solution that enables cardholders to update payment methods across more than 115 merchants. Card...

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Behind the Report: A Sneak Peek Into the Future of Credit Unions
Behind the Report: A Sneak Peek Into the Future of Credit Unions
January 29, 2025  |  Credit Unions

Tomorrow, PYMNTS Intelligence, in collaboration with Velera, will release a groundbreaking report, “Roadmap to 2030: The Seven Strategic Planks for Credit Unions To Capture Top...

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Partnerships Between Credit Unions and FinTechs Create ‘Proactive Future’
Partnerships Between Credit Unions and FinTechs Create ‘Proactive Future’
January 16, 2025  |  Partnerships

In the past, financial institutions and FinTechs competed with one another, jostling for clients’ accounts, loyalty and debit card spending. Times have changed, Velera Vice...

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Small Banks and Credit Unions Turn to Direct Issuing for Top-of-Wallet
Small Banks and Credit Unions Turn to Direct Issuing for Top-of-Wallet
January 15, 2025  |  Credit Cards

For banks and credit unions looking to modernize, the timing has never been better. “Banks want to offer more competitive products, increase profitability and, critically,...

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Nearly Half of Rural Small Businesses Do Business With the Bank on the Corner
Nearly Half of Rural Small Businesses Do Business With the Bank on the Corner
January 08, 2025  |  SMBs

Small and mid-sized businesses (SMBs) are considering a switch from national banks to local financial institutions (FIs) like community banks and credit unions (CUs). While...

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Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
January 06, 2025  |  Partnerships

Eltropy acquired Lexop, saying the combination of the companies’ technologies will help community financial institutions (CFIs) reduce and prevent delinquencies, collect faster and enhance borrower...

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90% of FinTechs View Credit Unions as Collaborators, Not Competitors
90% of FinTechs View Credit Unions as Collaborators, Not Competitors
January 03, 2025  |  Credit Unions

In the financial services market, credit unions (CUs) and financial technology (FinTech) companies are moving from rivals to partners. As consumer demand for seamless banking...

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CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and...

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Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
December 19, 2024  |  Legal & Regulation

A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs...

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