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 [...]
For credit unions to stay ahead of the curve in the rapidly changing and increasingly competitive world of financial services, they need to fully embrace and integrate digital solutions. Declining consumer satisfaction indicates that credit [...]
For El Paso, Texas-based evolve FCU, the decision to expand its partnership with Co-op Solutions is the essence of simplicity. evolve FCU added Signature Debit and In-House Credit processing services from Co-op (coop.org), along [...]
Despite a strong jobs report for June, most other economic indicators are pointing directly toward an economic slowdown. Co-op Solutions’ June credit union card portfolio data showed flattening month-over-month results across most categories in both [...]
Reflecting the slowdown in consumer spending nationally, Amazon Prime Day stimulated a small uptick in online purchasing over the two-day shopping holiday, according to credit union-issued card data analyzed by Co-op Solutions. The number of [...]
Ricky Otey, President/CEO of Partners FCU of Burbank, California, has been appointed to the Board of Directors of Co-op Solutions by a unanimous vote of the directors. Otey immediately fills the position formerly held [...]
Despite economic headwinds and mounting recessionary concerns, consumers are continuing to spend. Co-op’s May credit union card portfolio data showed stronger month over month results across most categories, while cardholders continued their year-long shift [...]
Co-op Solutions and Constellation Digital Partners announced today that the two credit union service organizations have formed a task force of mutual clients to expedite the smooth integration of Co-op digital apps into Constellation’s [...]
In 2021, consumers asked for digital engagement. In 2022, fintechs are making it happen. This provoking reality is just one of several uncovered by a joint research project commissioned by Co-op Solutions in partnership with [...]
