payments

It's time for credit unions to reimagine rewards programs

03/11/21

There are signs that participation in cardholder loyalty offerings is slipping. Credit unions must reengage members if they hope to retain those accounts.

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Fed restores some services after outage on ‘operational error’

02/24/21

The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline.

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Discover CEO predicts second-half spike in credit card losses

01/21/21

Consumers have largely kept up with their payments during the pandemic, but Discover chief Roger Hochschild says he expects defaults to rise as structural changes in the economy lead to more layoffs of white-collar workers.

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PayPal blocks group that helped Trump supporters travel to D.C.

01/07/21

PayPal Holdings closed an account held by Joy In Liberty, one of the groups that paid for supporters of President Donald Trump to travel to Washington, where mobs stormed the U.S. Capitol on Wednesday.

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Coronavirus may have permanently changed face-to-face member service

12/28/20

Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience.

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OCC clarifies swap policies, makes other technical updates

11/23/20

The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.

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