Effective with their April 15, 2022 releases, Visa and MasterCard will begin supporting 8-digit issuing BINs in accordance with the forthcoming migration from 6-digit to 8-digit issuer identification numbers (IINs) as announced in 2015 by [...]
The eldest of Generation Z are now between the ages of 18 and 24. As they have become adults, finances have become more of a reality and concern. With new innovations constantly being introduced, Gen [...]
Zimbabwe, located between Malawi and South Africa, is slightly larger than Montana with a population of 11,393,000. Years of civil war against white minority rule and a Freedom Fighters guerrilla uprising led to [...]
Building a robust credit card portfolio is integral to credit union health and growth. Credit cards represent three out of every four loan accounts, outpacing other loan product acquisitions by nearly 56 percent.1 And [...]
As CUNA and Leagues work to ensure interchange regulations are not extended to credit card programs, CUNA seeks input from credit unions with credit card programs for its Credit Card Interchange Regulation Survey. “Being able [...]
On May 17, 2021, Elan participated in a live discussion event hosted by PYMNTS.com titled “Consumer Credit Confidently Charges Out of Covid Era.” Click here to view a recording of the event. Consumers Rebalance [...]
The buy now, pay later market is expected to grow 181% by 2024 according to the 2021 Global Payments Report by Worldpay from FIS. In fact, according to the same report, BNPL services—which allow [...]
Credit cards saw a record setting reduction in balances during the pandemic, with total outstanding credit card debt dropping over 10% from Q4 2019 to Q4 2020. This trend is counter intuitive to what you [...]
Thank you for tuning in to episode 4 of The CUInsight Network, with your host, Randy Smith, co-founder of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who [...]
Increase member satisfaction and generate ROA with a well-rounded portfolio. When credit union members are the first priority, designing a robust portfolio that meets their needs is of utmost importance. The essentials to member satisfaction, [...]
With 2020 came a move to all things digital. In payments, digital-first cards—new and replacement cards that are available digitally before a physical card is issued—have risen as the new standard. While financial [...]
Publisher’s Note: CUInsight is hosting a free webinar Wednesday, January 20th titled, Finding the Right Debit and Credit Card Analytics Tools: Takeaways to Help Your Portfolio Performance Breakaway in 2021. We hope you’ll [...]
In many ways, the economic impact of the COVID-19 pandemic bears little resemblance to the circumstances that produced the Great Recession of 2008-2009. Still, credit card managers can apply some lessons learned from the last [...]
Economic prognosticators and financial institutions are anticipating an inevitable rise in credit card payment delinquencies and charge-offs due to the economic fallout of the COVID-19 pandemic. With no end in sight to the economic turbulence [...]
We’ve all heard about it, most of us have done it. Purchasing items online that before 2020 we would have just run to the store to pick up is a new American habit that [...]
