Surge in digital payments to continue in 2021: CO-OP
Consumers will continue to utilize new payments methods in the coming year, but are also likely to shift between credit and debit, the company said. ... Read full article
Consumers will continue to utilize new payments methods in the coming year, but are also likely to shift between credit and debit, the company said. ... Read full article
Sarah Canepa Bang will serve as a senior advisor to the agency's vice chairman. Separately, a 27-year veteran of the regulator announced plans to retire. ... Read full article
The pandemic has altered a variety of consumer behaviors, and that could make a difference in what sort of interchange and interest revenue financial institutions see in their credit and debit portfolios as they close out 2020. ... Read full article
The payments company reported a substantial increase in both credit and debit card usage for the annual shopping event as the pandemic has made consumers even more comfortable with online purchases. ... Read full article
A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit. ... Read full article
New analysis from CO-OP Financial Services showed credit union members veering closer to traditional card usage, but the lack of additional pandemic relief could hamper interchange growth this fall. ... Read full article
Members are completing more of their banking online than ever before, forcing many institutions to rethink their strategies for physical locations. ... Read full article
CO-OP, a credit union payments firm, has teamed with the fintech to expand usage of digital payments offerings. But it's unclear to what extent members want those services. ... Read full article
A new report finds credit unions' edge in satisfaction rates has all but been wiped out, while a separate study finds negative interactions with CU staff could have a big impact on the bottom line. ... Read full article