Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction system that AppTech is positioning as a rival to both Venmo and Western Union, according to a Thursday (May 16) press release. “The success...
The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart. Authorized fraud occurs when a legitimate party initiates a payment only to have a bad actor intervene and hijack the funds. Unauthorized fraud, on the other hand, happens when bad actors initiate or redirect a payment through...
PSCU/Co-op Solutions is rebranding as Velera. The credit union service organization (CUSO) will roll out the Velera brand in phases over the next year, though the Co-op Solutions brand will be retained for its ATM Network and Shared Branching consumer-facing solutions, Velera said in a Tuesday (May 7) press release....
PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions said in a Wednesday (May 1) news release provided to PYMNTS. “We’ve seen an increasing...
May 14, 2024
The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart. Authorized fraud occurs when a legitimate party initiates a payment only to have a bad actor intervene and hijack the funds. Unauthorized fraud, on the other hand, happens when bad actors initiate or redirect a payment through an account takeover or by stealing account-holder credentials. Although the […]
April 30, 2024
Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness. The old-school playbook,...
April 29, 2024
According to PYMNTS Intelligence, credit unions (CUs) and community banks continue to gain traction in the consumer credit card space. As we found in researching “Credit Unions and Community Banks...
April 22, 2024
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 year. This is just one...
May 16, 2024
Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction system that AppTech is positioning as a rival to both Venmo and Western Union, according to a Thursday (May 16) press release. “The success of our BaaS pilot program signifies a significant milestone as we […]
May 07, 2024
PSCU/Co-op Solutions is rebranding as Velera. The credit union service organization (CUSO) will roll out the Velera brand in phases over the next year, though the Co-op Solutions brand will be retained for...
May 01, 2024
PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions...
April 25, 2024
Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking...
