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SAN ANTONIO–Credit unions here got an update on the progress across five areas in the merger of PSCU and Co-op Solutions, but weren’t given an answer on the question one executive said is asked most often—what’s the new name going to be?

SAN FRANCISCO—Despite the fears of many, so far artificial intelligence technologies, such as generative AI, are not helping fraudsters create new and innovative types of scams. Instead, scammers are doing just fine relying on the traditional scams--but the advent of AI is helping them scale up attacks and snare more victims, according to fraud researchers at Visa.

WASHINGTON—Representatives of the Federal Reserve met with America’s Credit Unions and other trade associations who are opposed to the Fed’s debit interchange proposal.

DOVER, Del.–Del-One Federal Credit Union has become the first credit union in Delaware to receive the Juntos Avanzamos designation. 

ST. PETERSBURG, Fla. — PSCU/Co-op Solutions said the company has kicked off a multi-year initiative to “further evolve” its Linked Analysis platform, including adding cloud migration and enhanced artificial intelligence (AI) capabilities. 

LAKE FOREST, Ill.—Those credit unions that are most inefficient are going to be the big losers in the deposit war given the pressures to pay high rates, according to one analyst.

BEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, according to the company.

HONG KONG—Months after completing phase 1 of its central bank digital currency (CBDC) pilot, Hong Kong is set to begin the second phase of experiments before a commercial rollout in 2025.