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PALM COAST, Fla.—Buy now, pay later (BNPL) offerings have exploded in the last two years, but what’s the future of the solution that may someday rival credit cards, and should credit unions be offering their own BNPL deals to members and to consumers overall?

SAN FRANCISCO—A new report reveals that consumers are spending much less on their primary credit cards, and that the increasing use of buy now, pay later (BNPL) could be one reason.

McLEAN, Va.–One-hundred percent of organizations polled in a new survey of enterprises are now engaged in digital transformation (DX), with most (77%) starting their journey within the past two years.

JACKSONVILLE, Fla.—FIS has announced it is launching a CBDC Virtual Lab, which it said is intended to help central banks to launch central bank digital currencies (CBDC).

LONDON—Faster payments volume in the U.K. during 2021 climbed by 23% (3.6 billion transactions) over 2020, a new report shows.

WASHINGTON—Rep. Blaine Luetkemeyer (R-MO) has joined the lineup of lawmakers set to address credit unions during NAFCU’s Congressional Caucus, Sept.11-14 in Washington.

ONTARIO, Calif.–The California and Nevada Leagues have named the winners of their League Awards. The awards will be presented during the REACH 2022 event in Palm Desert.

VIENNA, Va.–A member of Navy FCU who is suing the credit union and seeking class action status alleging fraud related to its Zelle offering has responded to the credit union’s dismissal motion.

TYSONS, Va.–The PenFed Foundation, said it is furthering its commitment to military women heroes with a $500,000 grant to support the Military Women’s Memorial.