The term ‘payments hub’ is commonly used in the financial services industry. A payments hub represents the central nervous system of a financial institution's payment processing capabilities. This technology acts as a fulcrum for various [...]
In October 2023, The Consumer Financial Protection Bureau (CFPB) proposed a groundbreaking rule, commonly referred to as Section 1033 or the Personal Financial Data Rights rule, which will impact how consumers interact with their personal [...]
The usage of instant payments has been accelerating. Financial Institutions (FIs) are increasingly focused on implementing the RTP® network and the FedNow® Service, which promises to enhance the speed and convenience of transactions for both [...]
Automated Clearing House (ACH) modernization stands out as a pivotal area of development in payments. In a webinar hosted by Banking Exchange, industry experts Alex Romeo, Operations Strategy Vice President at Federal Reserve Financial Services, [...]
Since its July launch, the Federal Reserve's FedNow® Service, a real-time payment and settlement service, has garnered significant interest from credit unions. This always-available instant payment option offers numerous benefits and integration possibilities for credit [...]
When it comes to payments, the need for immediacy has never been more pronounced. Financial institutions of all sizes are grappling with the integration of instant payment systems, a trend underscored by experts in a [...]
Thank you for tuning in to The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight. In The CUInsight Network, we take a deeper dive with the thought leaders who support the [...]
The shift towards real-time payments is becoming increasingly prominent, especially for small and medium-sized businesses (SMBs) and corporates. Recent data presented by Erika Baumann, Director of Datos Insights’ Commercial Banking & Payments practice, to Alacriti [...]
All financial institutions, whether banks, credit unions, or neobanks, must adapt swiftly to emerging payment trends. One monumental shift has been the move towards digital, integrated, and instant transaction processing. As consumers demand a seamless [...]
Electronic Bill Presentment and Payment (EBPP) is impactful for all financial institutions, but is especially so for credit unions. This technology not only streamlines billing processes but also profoundly impacts member engagement and satisfaction. In [...]
The realm of Electronic Bill Presentment and Payment (EBPP) has expanded, offering a robust mechanism to present electronic bills and facilitate digital payments. This evolution caters to the changing preferences of consumers. However, with these [...]
Explore the dynamic world of payment solutions in this engaging conversation with fintech expert Marcia Klingensmith, CEO of FinTech Consulting. In this podcast, Klingensmith discusses the critical elements of a modern payment solution, compassionate options [...]
Publisher’s Note: CUInsight is hosting a free webinar Wednesday, November 29 titled, “Instant Payments: A Year in Review and What’s Next in 2024”. We hope you’ll join us! Register here. The world [...]
In today's fast-paced world, the demand for instant payments has never been higher. Credit unions, often known for their dedication to their members and their communities, are not exempt from the growing need for real-time [...]
Since TCH’s launch of its RTP® network in 2017, the first new payments network in 40 years, adoption has been steady, but slower than it should be for a variety of reasons, including uncertainties [...]
