Holiday shopping season is upon us, and it’s shaping up to be a bumpy ride. To counteract challenging economic headwinds, major retailers like Amazon, Target and Walmart have tried to jumpstart the season with [...]
International Credit Union Day is October 20, a time to celebrate the many contributions our movement has made to the communities we serve. Since 1948, the World Council of Credit Unions has designated the third [...]
Over the past few years, there’s been a notable migration from in-person to e-commerce shopping. Coupled with the shift to EMV chip cards, which has significantly reduced card present fraud at the point of [...]
Card-based payments have been evolving for as long as they’ve been around. This past decade alone has seen a groundswell of new payment methods and form factors, from digital wallets like Apple Pay®, Google [...]
Consumers are adopting digital banking at a faster pace than ever before. Over 45% of respondents to a recent survey identified mobile banking as a top 3 factor in selecting a bank or credit union. [...]
As the summer winds down, the state of the economy weighs on the minds of many. But the news is not all bad as some measures of economic health have shown improvement in recent weeks. [...]
Despite some economic issues lingering from the global pandemic, rising inflation and threats of a recession banks are pursuing and capturing new credit cardholders with aggressive marketing strategies, more lenient underwriting criteria and rich rewards, [...]
This summer, I am the Corporate Communications Intern at Co-op Solutions (www.coop.org). I always hoped to start my communications career by gaining experience on a positive team that provides many opportunities. During the [...]
Peer-to-peer (P2P) technology continues to be one of the hottest trends in payments. Services like Zelle®, Venmo and CashApp have taken the age-old, familiar practice of exchanging money with friends and family and turned it [...]
It’s been a couple of tough years on the financial fraud front. Consider that e-commerce fraud reached $20 billion globally in 2021, representing 14% growth over the prior year. Meanwhile, friendly fraud rose by [...]
As shown in the Co-op CU Growth Outlook research study, conducted in partnership with EY and Filene, payments are key for credit unions to drive revenue and profitability. As fintech upstarts become increasingly competitive, engaging [...]
Whether it’s Elon Musk’s “firehose” access to Twitter data or controversy over the legitimacy of ESG investment data, consumers and businesses alike are spending more time considering the ethical tentacles of data. Fears [...]
Buy Now, Pay Later (BNPL) offerings are popping up everywhere, from big banks to retailers to fintechs. While consumers enjoy the flexibility afforded by installment payment options, credit unions have an enormous opportunity to leverage [...]
How do credit unions best compete with fintechs? The key lies in becoming the digital hub for all the member’s financial needs. This is what leading fintechs are doing, and they are already enjoying [...]
Activating new credit cards is a very common practice that today is pretty simple and easy, but just a few years ago, activating a new card you received in the mail wasn’t all that [...]
