Cards and cryptocurrency: The road ahead
How CUs will play in a cryptocurrency future is unclear but a major topic of conversation these days, reports David Pierce, CIE, CIO of $3.8 billion Canvas CU, Lone Tree, Colorado. “It’s something [...]
Credit Cards Archives
Card not present fraud is skyrocketing
Financial institutions across the country are experiencing the rise of fraud, particularly in the area of card fraud. As touchless payments and online transactions increase, the type of card fraud is switching from primarily card-present [...]
Member retention: Identifying and serving member needs, sans small talk
Publisher’s Note: CUInsight is hosting a free webinar featuring J.J. Slygh on Wednesday, August 10th titled, “Your Members Are Cheating on You: How to Capture Their Business with Intelligent Automation.” We hope you’[...]
The CUInsight Network podcast: Portfolio management – 2020 Analytics (#37)
Thank you for tuning in to episode 37 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Financial trades want more time to comment on credit card fees
Saying they were caught by surprise, credit union and other financial services trade groups are asking the Consumer Financial Protection Bureau (CFPB) to extend the period for public comment on credit card late fees. “Part [...]
The CUInsight Network podcast: Economic stories – Scienaptic AI (#35)
Thank you for tuning in to episode 35 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
CFPB seeking comment on whether credit card late fees are reasonable
Questioning whether the credit card late payment fees levied by credit unions and banks are reasonable, the Consumer Financial Protection Bureau (CFPB) announced Wednesday it is seeking comment on whether the charges are exorbitant. “I [...]
Supercharging credit card account origination
Consumer expectations are rapidly changing to reflect the latest technological and cultural shifts, and it is essential for credit unions to meet members where they are today in order to compete for tomorrow. Members are [...]
Advantages of credit union credit cards for members
A credit union’s role to nurture member’s financial well-being is of the utmost importance in recent years. Providing products and services that meet all member needs, creating opportunities for financial education, keeping rates [...]
The CUInsight Network podcast: Document management – SmartVault (#31)
Thank you for tuning in to episode 31 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Three factors to consider when building your credit card product strategy
Business organizations have often agonized over where to focus first, their products or their brand. Some people believe that over time, their products will eventually define their brand while others believe they should work backwards. [...]
What makes credit card rewards a key ingredient to a healthy portfolio?
Like bacon and eggs or mac and cheese, credit cards and rewards have become an inseparable pairing in people’s minds. According to a survey by The Ascent, a good rewards program is one of [...]
Paying off credit card debt: Strategies and benefits
Credit card debt can be a huge burden, especially if your income has taken a dip lately. In this post, we’ll discuss some tips and strategies for paying off your credit card debt as [...]
Credit cards reemerge from pandemic as multifaceted financial management tools
Whether it’s for convenience, rewards or the benefits of better data security when making a transaction, consumers with revolving credit are using it not just to fund their spending splurges, but to manage their [...]
The pros and cons of BNPL
Convenience and flexibility are essential for consumers in a post-pandemic, heavily e-commerce shopping experience. Buy now, pay later (BNPL) is a trending payment method that offers consumers exactly that – flexible, payment options. BNPL’s services [...]