WASHINGTON—CUNA and state leagues are moving quickly to let state attorneys general across the country know that chip-and-PIN technology won’t eliminate cybersecurity threats, and that the payments network won’t be secure until all stakeholders comply with the same strict set of standards.
Fresh Today
ALEXANDRIA, Va.–NCUA Chairman Debbie Matz will lead an Open Forum this morning at the agency’s headquarters that will also be available via livestreaming.
CHARLOTTE, N.C.—The NBA’s Charlotte Hornets have completed a sponsorship agreement with $344-million Charlotte Metro CU that includes Hornets-themed credit and debit cards.
SEOUL, South Korea—Samsung reports that Samsung Pay is gaining widespread consumer acceptance in its first month, with cardholders showing “strong” interest in repeat usage of the service.
MADISON, Wis.–The Filene Research Institute is looking for credit unions to participate in a pilot program aimed at besting and developing products geared toward unbanked minorities.
OSHKOSH, Wis.–Pending a member vote, the $25-million UW Oshkosh Credit Union will be absorbed via a merger by Prospera Credit Union in Appleton, Wis.
PORTLAND, Ore.– USAgencies Credit Union won the team event in the Northwest Credit Union Association’s International CU Day of Service Contest, resulting in $2,500 of free services from the Strategic Link consultant of their choice.
HOUSTON–Cy-Fair Federal Credit Union has awarded Cheryl Price—who teaches technology and math to second-, third-, and fourth- grade students at Emmott Elementary School—one-year’s worth of mortgage payments totaling $24,000. Price was presented with the surprise award during Cy-Fair Educational Foundation’s Salute to the Stars annual gala.
VANCOUVER, B.C. – Cash flow is the biggest struggle for small business owners in this market, according to a survey conducted by Vancity Credit Union.
COLUMBUS, Ohio—Business lending is way up for credit unions in Ohio, the Ohio Credit Union League reports.