An Era May Be Coming to An End 12/13/2020 05:08 pm LAKE FOREST, Ill.—The COVID-19 pandemic is driving overdraft prices lower, according to third quarter data, which also show banks are beginning to offer better OD prices than credit unions.
The Beginning of the End of the Plastic Card? ATM Association Believes So 12/13/2020 05:41 pm LONDON–The ATM Industry Association is reporting it has launched an official global certification system for Next Gen ATMs, the culmination of a four-year long industry project to create a new API App model for ATMs, integrating ATMs and mobile phones in “one seamless new ecosystem.”
NCUA Offers Reminder on Resources Available Through Learning Management Service 12/13/2020 05:40 pm ALEXANDRIA, Va. –NCUA is reporting itexpanded educational opportunities on its Learning Management Service (LMS) during 2020, and now offers more resources to help CUs grow and better serve members.
Global Spending on AML/KYC and Related Compliance to Top $1.2 Billion 12/13/2020 05:42 pm LONDON—Global spend on anti-money laundering (AML)/Know-Your-Customer (KYC) and related financial crime and compliance activities is projected to total a record $1.2 billion in 2020, according to two new research reports published by Burton-Taylor International Consulting.
Partnership Between Bank, Fintech Launches Money Transfer Service in 15 Countries 12/13/2020 05:40 pm NAIROBI, Kenya—Prime Bank has partnered with London-based fintech SimbaPay to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
Maui County FCU Breaks Ground on New NewGround-Designed Facility 12/13/2020 05:40 pm WAILUKU, Maui–Maui County FCU has broken ground on a new headquarters. The project is being overseen by Chesterfield, Mo.-based design/build firm NewGround.
2020 Also Sets A Record for Credit Cards (But It’s Not What You Think) 12/13/2020 05:42 pm NEW YORK–Here’s something else for which 2020 will be remembered: American consumers have set an all-time record in paying down credit card debt.
Wells Fargo Reportedly Seeking To Sell Private-Label Cards, POS Financing Unit 12/13/2020 05:40 pm SAN FRANCISCO—Wells Fargo is seeking to sell its private-label credit card and point-of-sale financing unit as part of an ongoing strategic review of its businesses.
