App Developer Uncovers a Troubling Trend 10/27/2023 02:14 pm LAS VEGAS–Paul Kesserwani said he first became aware of just what kind of financial trouble people are getting into one small purchase at a time when he was alerted to a transaction by one person who had used buy now, pay later (BNPL) financing for a $6 hamburger.
VolCorp Signs on With Catalyst's TranzCapture 10/28/2023 12:04 pm PLANO, Texas–Volunteer Corporate CU (VolCorp) has entered into a partnership with Catalyst Corporate FCU to offer Catalyst’s TranzCapture item processing services to its members.
How European Central Bank Says Is Using AI 10/28/2023 12:04 pm FRANKFURT, Germany–The European Central Bank said it is now exploring ways to use artificial intelligence to better understand inflation and to support its regulation of big banks.
Despite Higher Rates, New Mortgage Sales Up More Than 12% in September 10/26/2023 07:15 pm ARLINGTON, Va.—New home sales rose 12.3% in September to 759,000 annualized units, while sales in August were revised up 1,000 units. Compared to last year, September’s sales were 33.9% higher, according to new data from the Census Bureau.
Top of Wallet, Top of Mind 10/28/2023 12:04 pm HAMPSHIRE, U.K.–Reinforcing a message often heard in credit unions about the importance of getting a CU’s card to top of wallet, a new study from Juniper Research is predicting transaction value of recurring payments will exceed $15.4 trillion globally in 2027, from $13.2 trillion in 2023.
On ICU Day, Redwood CU Donates Funds Per Card Transaction 10/27/2023 05:34 pm SANTA ROSA, Calif.— To mark International Credit Union Day, Redwood Credit Union donated 25 cents per card transaction to local nonprofits in Sonoma, Napa, Marin, Lake, Mendocino, and San Francisco counties.
These 10 Visitors Offered Both Tricks & Treats 10/30/2023 09:01 am Just in time for Halloween, over a five-day period in Las Vegas (where it’s always a certain scary holiday), two different groups of consumers more than appeared before different credit union audiences as much more than apparitions—they made quite mortal appearances and handed out both tricks and treats, revealing a Milky Way of financial decision-making, some M&Ms (money mysteries), Mounds of reasons they do business with banks and competitors, and more than one observation that brought some Snickers.
5 Frank Views on Financial Decisions, Not Using CUs 10/29/2023 08:23 pm LAS VEGAS–Five consumers who shared their views here on their personal banking habits and decisions will never be accused of brown-nosing their credit union audience, explaining why they primarily do business with banks, what motivates them (hint: rewards), why one says her credit union app “sucks,” and what might get them to move their business.
