NEW YORK—Citibank has announced the launch of Citi Virtual Accounts, which it said allows clients to segregate their balances under a single physical account. The solution provides “enhanced visibility, control and efficiencies through centralized payments, receivables and liquidity management,” the bank said.
HOBOKEN, N.J.–The eSports industry has exploded in size and participation, with forecasts stating it will reach $1.25-billion in revenue and 400 million participants by 2020. So how much are individual players spending on eSports?
BOSTON—Not surprisingly, a new report has found personalization drives deeper consumer relationships, positive brand loyalty and, ultimately, better financial results, a new report reveals—but it also offers some tips for building those relationships.
CROSS ROADS, Texas–A group of employees and members from LiFE FCU organized a trip to the Dominican Republic where over five days they helped provide clean drinking water for three villages.
NEW YORK—U.S. consumers’ total outstanding balance on revolving credit, largely credit card debt, is over $1.03 trillion.
ALEXANDRIA, Va.–The newly enacted rules for how members can communicate with one another during proposed mergers among credit unions has been addressed in a new Letter to Credit Unions from NCUA.
SEATTLE–If they haven’t already done so, credit unions and other employers across the country will likely feel additional pressures to raise their minimum wage following a move by Amazon to pay at least $15 an hour for all U.S. employees.
WASHINGTON–In a statement released in conjunction with a Senate Banking Committee hearing, the Independent Community Bankers of America (ICBA) called on regulators to quickly implement provisions of the Economic Growth, Regulatory Relief and Consumer Protection Act, including simpler capital rules and short-form call reports for community banks.
TAMPA, Fla.––Trellance, a CUSO that says it’s on a mission to deliver end-to-end products and services to realize growth and profitability for credit unions, has acquired IronSafe, an Illinois-based software company that offers data analytics.
BOSTON–Credit unions and banks in certain New England markets are about to get a big new competitor.
