Over seventy percent of small financial institutions are experiencing an increase in fraud rates (PYMNTS). Fraud attacks are not only increasing, but they are also becoming more sophisticated. Even some old threats are being revived [...]
How are credit union professionals like meteorologists? Both need to look out for changes in seasonal patterns. For credit unions, however, those patterns represent consumer behavior that can give insights into how to meet member [...]
Years of experience in collections services has shown me the importance of being proactive about member debt. Addressing potential delinquencies before they can happen fosters more financially healthy members and increases their trust in your [...]
The Buy Now, Pay Later (BNPL) payment method is growing fast with a predicted market value of $565.8 billion dollars by 2026 according to GlobalData. What are the driving forces behind this growth? What [...]
While American business has encountered many economic and technological changes, small business remains at the heart of the American economy. According to Forbes Advisor, more than 46% of employed Americans work for our nation’s [...]
In 2025 and 2026 there will be significant mandates and changes impacting ATM’s for credit unions. Envisant, in partnership with Meirtran, is here to help. In 2025, ATM’s will need to have a [...]
Personalization is the key to portfolio development growth. According to Salesforce, 66% of consumers believe a company should know their individual needs and 52% expect personalized offers. While personalization can take many forms, its core [...]
More than 20% of U.S. retail purchases are expected to take place digitally by 2026 according to Insider Intelligence. This reflects consumers’ rapidly increasing comfort with digital payment methods. Some of the most popular [...]
The word “Collections” often generates a movie-like image of an impersonal, even intimidating, agent making incessant phone calls to collect on a debt. Stereotypes like this can lead to an unrealistic belief that a successful [...]
For over a decade, low Fed and prime rates have meant credit unions could maintain fixed loan rates without much squeeze on profit margins. Now, as these rates continue to rise, credit unions might consider [...]
Career advancement has a ripple effect that can impact women’s quality of life. This advancement empowers financial independence, helps support work-life balance and fosters personal development. For credit unions, ensuring all employees receive the [...]
Americans are still feeling the impact of higher prices and greater interest rate debt from bank credit cards. Debit cards can help members take more control of their budget goals to overcome rising debt.
Despite advances in protections, card skimming continues to rise in the U.S. Thirty cities recorded skimmer theft around the end of 2022 according to Fox News. Skimming tactics are becoming increasingly sophisticated, and deep [...]
While the inflation rate declined in 2022 from 9.1% in June to 6.5% in December, it still remains more than triple the Fed’s goal of 2% (Trading Economics). Many Americans are still [...]
Holiday trends in 2022 favor in-person experiences and budget-conscious gifting as people search for solutions to help them navigate fraud concerns, limited budgets, and travel complications. Prepaid cards, with their flexibility and varied uses, can [...]
