In 2021, the most frequently reported cases of fraud to the FTC involved imposter scams. Imposters are everywhere and difficult to spot, especially when they enter the digital space. What imposter tactics are these scammers [...]
The speedy recovery of the debit market early in the pandemic is gaining strength. It continues to grow worldwide as the amount spent with debit has exceeded credit (2021 Debit Issuer Study). What’s fueling [...]
Credit card rewards have become a necessity in today’s competitive environment. Although faced with the same commodity as hundreds of other financial institutions, credit unions already have a unique position in the industry that [...]
Even with our current global challenges, consumers are still ramping up their travel plans. Expedia is calling 2022 the year of the GOAT, or the “Greatest of All Trips.” This is an opportunity for credit [...]
Consumer reports of fraud losses to the FTC increased by 70% from 2020 to 2021 (FTC). Technology is the power behind many of these fraud attacks. According to a survey by ID Insight and About-Fraud, [...]
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 [...]
While gift cards remain one of the most popular gifts to share for holidays and other special occasions, the latest trends surrounding gift cards go beyond this original use. The most recent trends focus on [...]
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 [...]
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 [...]
Virtual or Plastic? It’s a choice that soon all credit unions and card issuers will be asking as the virtual card market continues to grow to a predicted threefold increase by 2025 (PYMNTS.com). [...]
Account takeover (ATO) fraud is a common type of identity theft. Fraudsters gain access to victims’ accounts, and make non-monetary changes that include modifying personally identifiable information (PII), requesting a new card or adding an [...]
The holiday season is synonymous with spending. Those of us with the best budgeting intentions can quickly get into the red as we gather the last-minute essentials and tiniest of stocking stuffers. It all adds [...]
As the busy holiday season approaches, flexibility is a required skill for all of us. We tend to appreciate businesses and financial institutions that can be flexible alongside us and make life easier by meeting [...]
A recent study by Juniper Research showed online payment fraud is expected to produce a $200 billion loss between 2020 and 2024. This includes digital banking services. To address digital payment fraud, many e-retailers and [...]
Leading up to 2020, the shift toward digital-first consumer behavior was picking up steam. Activities like shopping, gambling, and dating had become widely accessible online. When the pandemic hit, those consumers who had yet to [...]
