CO-OP Financial Services News Archives

Is data the answer to fighting fraud in today’s world?

Is data the answer to fighting fraud in today’s world?

Amidst the massive explosion of consumer, payments and transaction data, the question remains: how are we going to safeguard this stuff? According to the Nilson Report, credit card transactions rose 28 percent, debit card transactions [...]

3 cryptocurrency trends credit unions should know

3 cryptocurrency trends credit unions should know

2017 might be remembered as the year cryptocurrency went mainstream. The price of Bitcoin fluctuated wildly from over $17,000 down to below $10,000, several financial institutions and tech giants announced new blockchain initiatives, [...]

What credit unions need to know about biometric payment cards

What credit unions need to know about biometric payment cards

U.S. credit unions continue to be on the forefront of payments evolution. In January, Visa announced it would begin testing a fingerprint-enabled credit card in the United States with Utah-based Mountain America Credit Union. [...]

Transformation and Growth: CO-OP shared branch enters a new era

Transformation and Growth: CO-OP shared branch enters a new era

Shared branching began with an undeniable idea: Individually, credit unions couldn’t provide competitive branch networks. But together, they could. Back in the 1970s and 80s, when shared branching took root, locations were everything – and [...]

Too soon to trust blockchain?

Too soon to trust blockchain?

This week we consider two sides of the same Bitcoin. On the one hand, blockchain technology has the potential to offer a whole new means of building trust with members. Its innate transparency makes it [...]

New Co-Creation Councils reveal the true power of partnerships

New Co-Creation Councils reveal the true power of partnerships

From the world’s first ATMs, debit cards and online banking systems to our ever-expanding shared branch network, credit unions have brought to market some of fintech’s most impactful innovations. So, what is it [...]

Making digital click with legacy channels

Making digital click with legacy channels

Engaging consumers wherever and whenever they want means engaging across multiple channels, including a full complement of digital and physical options. Realizing this potential isn’t easy. “Consumers want to transact in a multitude of [...]

Free checking once table stakes, now major differentiator

Free checking once table stakes, now major differentiator

This week, Bank of America announced it’s doing away with free checking for customers who don’t (or can’t) maintain a daily balance of at least $1,500 or sign up for direct [...]

5 member rewards strategies to drive cardholder spending

5 member rewards strategies to drive cardholder spending

When members reach for a payment card at checkout, chances are they are selecting their favorite rewards card. In fact, Accenture research finds that spending on rewards cards has skyrocketed since the Great Recession.  In [...]

THINK 18: Where digital speed meets strategic excellence

THINK 18: Where digital speed meets strategic excellence

Where are you in the Race to Excellence? THINK 18 – the industry’s most talked-about convergence of fintech thinkers, industry innovators and credit union leaders – kicks off May 7 to 10 at the Sheraton Grand [...]

New movement in mobile wallets

New movement in mobile wallets

Another year, another round of wallet wars. In addition to a few new entries in the wallet space, we introduce the Visa wallet card and unpack the latest data on adoption, engagement and trends. Could [...]

Digital and data, two sides of the same coin

Digital and data, two sides of the same coin

Numerous predictive and hyper-personalized experiences have led to a significant shift in consumer expectations. Fitbit tells us how many stairs we must climb to lose 10 pounds by the holidays. Kayak clairvoyantly advises us when [...]

10 Must-Reads: Why 2018 will be (R)Evolutionary

10 Must-Reads: Why 2018 will be (R)Evolutionary

If you haven’t already noticed, 2017 was a transformative year. How do we follow 12 nonstop months of digital transformation, headline-grabbing cybersecurity issues, an explosion of digital payments and commerce – and so much more? [...]