Tag Archives: financial services

FOM Modernization Enables UCs ​​to Reach Left-Behind Banks | 2022-03-15

The Expanding Financial Access for Underserved Communities Act will allow credit unions to provide financial services to more communities, often in areas that banks have abandoned or shown little interest in serving. CUNA wrote: at the leadership of the House Financial Services Committee on Tuesday. Committee Chair Maxine Waters, D-California, …

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Cuentas donates $20,000 to Smile Train as part of social impact collaboration with Miss Universe

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. Miss Universe 2021, Andrea Meza and Miss Mexico 2021, Debora Hallal have teamed up with mobile banking app and debit card provider Cuentas to enable the donation MIAMI, FL/ACCESSWIRE/March 15 2022 …

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Moray Firth Credit Union promotional video shows potential customers why the lender beats the banks

Moray Firth Credit Union founder Lorna Creswell hopes more people will get the message. A credit union that was founded in Forres and is growing through Moray has launched a promotional video. The Moray Firth Credit Union (MFCU) – which now has collection points in Elgin and Buckie – advertises …

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Give meaning to your financial brand

SPONSORED CONTENT PRESENTED BY EPICOSITY Quick, think of a bank or cash register announcement… What do you imagine? A young smiling man with the keys to his new car? An older couple gardening or biking? A photo of their new mortgage officers? The sincere promise that their employees make all …

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How does Buy Now Pay Later (BNPL) work for businesses?

To attract a wider range of customers, many owners of retail businesses with point-of-sale systems are adopting a Buy Now, Pay Later (BNPL) payment model. The BNPL method has evolved largely due to changes caused by COVID-19 and the increase we have seen in online shopping. So what is BNPL …

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HC3 Acquires AutoMail to Expand Statement and Communications Automation for Community Banks and Credit Unions –

– Acquisition Doubles Capacity to Design, Print and Mail Critical Customer Communications for Financial Institutions and Other Industries Nationwide – BIRMINGHAM, Alabama–(BUSINESS WIRE)–HC3, a data-driven technology company that provides customer communications, acquired Jonesboro, Ark.-based AutoMail and DOC (Document Output Center), positioning HC3 as the leading provider of mission-critical reporting and …

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Netrisk Group now operates in 5 countries after acquiring Austrian online price comparison portal durchblicker

Netrisk Group today completed the acquisition of durchblicker, Austria’s leading online rate comparison portal The leading online price comparison group is now active in five European countries: Austria, Czech Republic, Hungary, Lithuania and Slovakia Netrisk Group is backed by TA Associates and MCI BUDAPEST, Hungary & VIENNA, March 01, 2022–(BUSINESS …

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Credit unions make a splash in student loans

Source: Shutterstock. Splash Financial said Wednesday that its student loan volume grew last year, and it called out two credit unions, among others, for contributing to its results. The Cleveland, Ohio-based company provides an online platform where borrowers can get quotes to refinance their student loans from various banks and …

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Looking for debt relief? Here’s how a credit counselor can help you

Non-profit credit counseling agencies provide free or low-cost financial services to consumers struggling to manage debt or considering bankruptcy. Here’s what a credit counselor can do for you. (iStock) Unmanageable high-interest debt can take a heavy toll on a consumer’s finances. It may seem that no matter how much you …

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Hope Credit Union’s Bynum Testifies in Support of CDFIs and MDIs | 2022-02-16

Mission-driven community development financial institutions (CDFIs) and minority deposit-taking institutions (MDIs) have transformative potential, HOPE CEO Bill Bynum told members of the House Financial Services Committee on Wednesday. . Bynum testified for a hearing on CDFIs and MDIs, and CUNA also submitted a letter for the hearing file. HOPE includes …

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The CFPB tries to limit innovation and consumer choice

In the United States, thousands of banks, credit unions and fintech companies are vying for business and consumer trust. U.S. consumers benefit from a highly competitive marketplace when it comes to selecting the banking services that meet their needs and are empowered to make informed decisions about how much they …

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Chelsie Evans named executive director of Hawaiian Community Assets

Chelsie Evans named executive director of Hawaiian Community Assets. PC: courtesy Hawaiian Community Assets announced that Chelsie Evans will lead the upcoming efforts as the organization’s new executive director. Jeff Gilbreath, who served as interim executive director for the past year and led the organization from 2011-2019, will now focus …

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Credit One Bank Unveils New NASCAR American Express Credit Card With Exclusive Benefits For Racing Fans

Credit A bank and NASCAR, which recently extended their multi-year sponsorship, have named American Express as the new payment network for the co-branded credit card. Credit A bank has been an official partner and co-branded credit card issuer for NASCAR since 2016, while American Express joined NASCAR’s official credit card …

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IRS Taxpayer Assistance Centers are open on special Saturdays for face-to-face assistance

BIRMINGHAM, Ala. (WBRC) – The Internal Revenue Service has announced special Saturday hours at many Taxpayer Assistance Centers (TACs) across the country, including Birmingham. TACs provide taxpayers with in-person assistance. Some TACs are open from 9 a.m. to 4 p.m. on February 12, March 12, April 9 and May 14. …

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Revolut will start offering loans to its Irish customers

Revolut will start offering personal loans in Ireland as its banking market penetration accelerates. The online bank has opened a waiting list for loans, the first Revolut Bank product it offers in this country. The company also revealed that it has grown its user base here to 1.7 million and …

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Liberty Tax launches banking as a service with “DEEPBLUE™ Debit”

Leading tax preparer expands personal and small business financial services offering HURST, TX, February 1, 2022 /PRNewswire/ — Liberty Tax, one of North America leaders in tax preparation, today announced the commercial launch of its DEEPBLUE™ Flow (DEEPBLUE) Banking-as-a-Service mobile app without credit check1 or minimum balance requirements. The DEEPBLUE …

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Credit unions are seen as an opportunity for financial advisors

Credit unions present a huge opportunity for financial advisors to build a client base, according to Rob Comfort, president of CUNA Brokerage Services, a Waverly, Iowa-based wealth management firm. Only about a sixth of the 6,000 credit unions in the United States offer optional wealth management services and of those …

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How to Buy Bitcoin With Credit Card Instantly 2022

Do you know how to buy Bitcoin with a credit card? Most avid crypto investors are looking to add BTC to their crypto portfolios right now. This beginner’s guide covers everything about crypto credit card purchases and where to buy Bitcoin with a credit card. How to Buy Bitcoin With …

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Cuentas adds new features to mobile banking app

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. Get paid 2 days early via direct deposit. New products in the mobile app digital store. MIAMI, FL/ACCESSWIRE/January 25 2022 / Cuentas, Inc. (NASDAQ: CUEN)(NASDAQ: CUENW) (“Cuentas”), a leading financial technology provider of mobile banking and payment …

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CryptGain introduces attractive margin loans to account holders

LONDON, January 22, 2022 /PRNewswire/ — Opportunities in the digital asset market seem to be popping up more frequently than ever recently. As a result, the popularity of derivatives, enabling faster and shorter-term actions in this market, has also increased. With this in mind, the industry leading brand CryptGain announced …

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Business News | Stock and Equity Market News | Financial news

Search mutual fund quotes, news, net asset values CDS INE467B01029, SDC, 532540 One 97 PayTM INE982J01020, PAYTM, 543396 TataTeleservice INE517B01013, TTML, 532371 Suzlon Energy INE040H01021, SUZLON, 532667 Trident INE064C01022, TRIDENT, 521064 Search mutual fund quotes, news, net asset values CDS INE467B01029, SDC, 532540 One 97 PayTM INE982J01020, PAYTM, 543396 TataTeleservice …

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Steven Dubner joins Payrailz as VP of Payments Products

payrailz®, a digital payments company delivering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that it has hired Steven Dubner as Vice President of Payments Products . In this role, he will oversee payment product design, pricing and promotion of Payrailz’s full range …

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5 Areas Credit Unions Need to Rethink in 2022

Source: Shutterstock The past 22 months have been a whirlwind. The pandemic has brought about various changes in how consumers bank and what their preferences are. If there’s anything credit unions have learned during this time of change, it’s the importance of being nimble and pivoting to better meet the …

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Got $100? Here’s 1 great stock to buy and hold

Not all good investments are exciting, disruptive, world-changing ventures. Some of the best investments are well-run businesses that make life a little easier for their customers and increase sales along the way. student loan processor Nelnet (NYSE: NNI) falls into the second category. It’s one of Wall Street’s best-kept secrets, …

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Most analysts say ‘buy’, Goldman Sachs calls against the tide

Analysts continue to trust SBI Cards & Payment Services Ltd. after a rare “sell” call last week. Goldman Sachs kicked off the coverage with a “sell,” according to its Jan. 7 note. The brokerage firm expects structural challenges from new customers using credit cards and headwinds to growth to intensify …

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Why small business loan approval rates are climbing at a snail’s pace

Although the approval percentages of banks and non-bank lenders (institutional lenders, alternative lenders and others) have risen steadily over the past 12 months, the rebound in small business lending is far from robust. Bank vault. (Photo by Dick Whittington Studio/Corbis via Getty Images) Corbis via Getty Images According to the …

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The State of Open Banking and Open Finance in the United States and Canada – Interview with FDX (Part 1)

Tom carpentier, director of public affairs and marketing of the Financial data exchange, shares his latest thoughts on what drives the evolution of Open Banking in the United States and Canada, the challenges and the progress made so far Can you tell us more about FDX and its members? How …

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Explained: How India overtakes the world in digital payments

NEW DELHI: The value of digital payments in India will triple to $ 1 trillion by fiscal 2026, from $ 300 billion in fiscal 2021 thanks to the government’s initiative to increase l financial access by combining no-frills bank accounts, the Aadhaar card and mobile connection, according to a report …

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Data Exchange-Based FinTech Company Klover Hires Chief Operating Officer

Data Exchange-Based FinTech Company Klover Hires Chief Operating Officer 20 December 2021 Klover, a financial services platform whose users voluntarily share data in exchange for financial products and services, has named Meredith Guerriero, a former Google, Facebook and Pinterest executive, as COO. Founded in 2019 and based in Chicago, Klover …

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Reserve Bank seeks comments on draft deposit law

The Reserve Bank of New Zealand (RBNZ) is seeking comments on a bill for a deposit borrowers bill (the bill). The bill, if enacted, would establish a single regulatory regime for banks and non-bank organizations (organizations such as credit unions and building societies, which are in the business of receiving …

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Lump-sum payments are making a comeback in the automotive industry

For all lump-sum payments caused by the 2008 mortgage crash, used properly, such loan terms may be a viable option for lowering monthly payments, especially on expensive cars. An example of the resurgence of lump sum payments in the automotive industry comes from Toyota Financial Services Philippines (TFSPH), which is …

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How the pandemic changed opinions on investing

By Shannon Clinton In the age of cryptocurrency, robo-advisers and, of course, COVID-19, it’s no wonder the outlook and expectations for wealth management have seen a tectonic shift, altering the how wealth managers advise and interact with clients, especially those of younger generations of blue-collar workers. The news has been …

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Some M1 Owner’s Rewards cardholders will get their transactions refunded (up to $ 5,000) during the M1 Winter Sweepstakes

If you are an M1 Owner’s Rewards card holder, you might want to know more about this unique winter giveaway as you could become the lucky winner. M1 Finance will reimburse certain cardholder transactions up to $ 5,000 through December. By using your card to make purchases throughout the raffle …

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Who is Damian Malander?

Damian Malander, founder of Lifestyle Direct Group, which is accused of massive consumer fraud, is apparently back in business, former associates have warned. Maverick company was alerted to a new entity created by Malander and managed by a partner / employee, which operates from the same Cape Town premises as …

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BMO launches the first World Elite Mastercard credit cards for business owners

TORONTO, 25 November 2021 / CNW / – BMO Expands Line of Mastercard Cards® credit cards offered to Canadian business owners with the introduction of BMO World Elite® Business Mastercard® and BMO AIR MILES® World Elite® Business Mastercard® BMO Launches First World Elite Mastercard Credit Cards For Business Owners (CNW …

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FCU Southern Chautauqua opens a new branch in Dunkirk | News, Sports, Jobs

In the photo, the Southern Chautauqua Federal Credit Union Board of Directors and its Supervisory Committee members: Seated left to right: Geraldine (Jerry) Felton, Supervisory Committee and former CEO of Southern Chautauqua Federal Credit Union, Melvin Feather, Chairman of the Board, Christine Fosberg, Associate Director, Taras Korol, Director, Nancy Ferguson, …

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Daily Financial Regulation Update – Tuesday November 16, 2021

PH customer alerts Click here to learn more about our Coronavirus series. Congress Click here to consult the full text of the law on aid, relief and economic security against the coronavirus (the “CARES law”), Adopted March 27, 2020. Click here to view the full text of the Paycheck Protection …

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Online alternatives for payday loans are becoming more and more available

Millions of Americans refer to online payday loans without instant approval credit check outside the standard banking mechanism. As of March 2021, the average amount of money borrowed by US lenders is $ 730. Being involved in difficult situations, Americans face interest rates as high as 266%. Today, nearly 20 …

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5 best second chance credit cards

nortonrsx / Getty Images / iStockphoto If your credit score is below 580, that puts you in the “bad credit” category – but that doesn’t mean you don’t qualify for a credit card. There are credit cards that can give you a second chance to build or rebuild your credit …

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Jack Henry and Zelle make faster payments more accessible for minority-owned institutions

Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of payment processing technology solutions and services primarily for the financial services industry, today announced its partnership with Early Warning Services, LLC , the network operator behind Zelle, to make faster payments more readily available to minority-owned depository institutions (MDIs). …

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Cardiff Council Wins National Credit Union Title

Councilor Chris Weaver, Cabinet Member for Finance at Cardiff Council receiving the Credit Unions of Wales award from Leanne Herberg. Managing Director of Cardiff & Vale Credit Union. Submitted by Cardiff & Vale Credit Union Cardiff Council won a national award for encouraging more than 1,500 employees and tenants to …

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TopLine Federal Credit Union Attends 5th Statewide

Minnesota Credit Unions join forces to spread kindness statewide on Monday, October 11. MAPLE GROVE, Minnesota, October 19, 2021 (GLOBE NEWSWIRE) – TopLine Federal Credit Union was one of 64 credit unions and partner organizations in the state of Minnesota that participated in an orchestrated day, called CU Forward Day. …

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A Guide to Peer-to-Peer Lending for Small Businesses

Peer-to-peer loan is an alternative option for small businesses looking for financing. Instead of borrowing money from your bank or hiring an angel investor, an online platform connects you with people willing to lend you money. But how exactly does peer-to-peer lending work? And how secure is peer-to-peer lending? This …

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Opposing New IRS Bank Reports

The Arkansas banking community, supported by the state’s Congressional delegation, is opposing President Joe Biden’s efforts to require lenders to provide more information about consumers to the Internal Revenue Service. The administration argues that new regulations would help find delinquent taxpayers and could add up to $ 7 trillion to …

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Customer considerations must come first

If you ask most credit unions to list their biggest competitive advantage that other financial players don’t have, you’ll likely hear about their ability to meet the needs of members or stay focused on the people they don’t have. they serve. Conversely, if you asked them where they felt the …

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Digital banking for everyone: Service Credit Union launches the country’s first fully digital banking cooperative

“We want to change the way people think about accessing affordable and equitable financial services. Tweet this The for-profit neo-banks in the market usually don’t cater to these people because the economy is different from traditional checking accounts. “Their balances are lower on average and creditworthiness can take a long …

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Monasterboice CU joins Drogheda

Drogheda Credit Union welcomed members of Monasterboice Credit Union following the completion of a merger last week. he board, management and staff of the two credit unions have been working together for several months, and the members of Monasterboice in particular look forward to being part of one of Ireland’s …

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Best Credit Union – Orange County Register

1. SchoolsFirst Federal Credit Union Several locations; ecolesfirstfcu.com A former Best Credit Union winner, SchoolsFirst Federal Credit Union provides the educational community with a wide range of services including current and savings accounts, auto and home loans, credit cards, insurance, retirement accounts. , mobile banking, webinars and workshops, etc. SchoolsFirst …

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HIG WhiteHorse Provides Funding to Avalon

LONDON–(COMMERCIAL THREAD) – HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital (“HIG”) is pleased to announce that it has set up a £ 55million unitranche financing for AnaCap Financial Partners (“AnaCap”) to support its industry growth and consolidation strategy in the UK wealth management platform industry. To …

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Eastman Credit Union innovates at the Clinchfield site | New

{span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”} {span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”}KINGSPORT – Eastman Credit Union looked to the future on Thursday as local officials and ECU staff inaugurated the site of its next facility at the corner of Clinchfield and West Market streets. The new downtown location will offer multiple drive-thru lanes, curbside …

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Innovative Technology Leaders Segmint and Corelation Partner to Improve Credit Unions … | New

Cuyahoga Falls, OH, September 16, 2021 (GLOBE NEWSWIRE) – Segment, the global leader in transaction cleaning and analysis for financial institutions, announced a partnership with Correlation, the innovators in basic processing for credit unions. The collaboration between these two leading financial services technology innovators will deliver an accelerated member experience, …

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A $ 50 phone can spark a credit revolution

A smartphone widely estimated to be priced at under $ 50 (RM208), possibly the cheapest in the world, will start selling in a week. If Mukesh Ambani’s JioPhone Next, an Android device tailor-made for India by Alphabet Inc’s Google, is a hit in the price-conscious market, it will solve one …

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Mbanq announces the formation of Mbanq CUSO

Mbanq CUSO Provides World’s First Credit Union-as-a-Service (CUaaS) Vlad Lounegov, CEO of Mbanq Mbanq CUSO digitally transforms credit unions Mbanq CUSO works as a trusted partner to configure, operate and evolve credit unions. Its technology is at the forefront of modern FinTech innovation and is designed to keep credit unions …

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Digital tools can protect consumers from inflation. Here’s how – The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Eric Sager, COO, Plaid Inflation rises in the United States after many years, making it more difficult for millions of Americans to purchase consumer items. The expansion of …

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4 ways businesses can avoid loan scams and predatory lenders

“Approval of the secured loan; receive funds within 24 hours. “No credit check; interest rate from 0%; only low administrative fees … “Approval of the secured loan; receive funds within 24 hours. “No credit check; interest rate from 0%; only a low administrative fee is required. These statements may sound …

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Top 3 FinTech scale-ups in the UK and Europe in 2021

FinTech is used to describe a new technology that seeks to improve and automate the delivery and use of financial services. Basically, FinTech is used to help businesses, business owners and consumers better manage their financial operations, processes and lives by using specialized software and algorithms that are used on …

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7 steps to prevent ransomware

Source: Shutterstock For decades, millions of Americans have relied on Colonial Pipeline, one of the nation’s largest gasoline channels, to provide fuel for daily transportation. However, the recent ransomware attack on the company resulted in a ransom payment of nearly $ 5 million and fuel supply disruption, causing many consumers …

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OFG Bancorp Invests $ 3 Million in Nymbus

MIAMI – (BUSINESS WIRE) –NYMBUS®, a leading provider of banking technology solutions, today announced a $ 3 million financing round led by OFG Ventures, LLC, a subsidiary of OFG Bancorp [NYSE: OFG]. The investment is intended to further support significant demand for Nymbus’ unique financial services model that accelerates digital …

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Vodafone CEO hints at M-Pesa mobile money platform spin-off

The Vodafone group has hinted that it could part ways with its African mobile money service M-Pesa after its popularity skyrocketed during the pandemic. The platform offers peer-to-peer transactions in countries such as Kenya, Tanzania, Mozambique and Lesotho. He is now embarking on new financial services such as small loans, …

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PSCU Adds Two Industry Veterans To Its Board Of Directors

Payments Credit Union Service Organization (CUSO) PSCU has appointed two veterans of the financial services industry to its board of directors. President and CEO of the California Coast Credit Union Todd Way and President and CEO of the Border Federal Credit Union Maria J. Martinez will serve as associate directors, …

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Rappi and Visa to introduce credit cards in Brazil

Amid growing rivalry in the Latin American payments industry, the delivery company Rappi deploys credit cards for Brazilian users, Reuters reported. Rappi has partnered with Visa to provide the credit cards. Its credit card offerings include RappiPrime Infinite, which will be billed 89 reais (about $ 17.50) per month, and …

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B2B payments today: Finstro, PayAlly, more

Share Tweeter Share Share Share E-mail Today in B2B Payments: Finstro discusses finding the win-win scenario in B2B trade credit, and PayAlly is teaming up with Banking Circle on B2B cross-border payments. In addition, cuBIZloan.com discusses the financing role of credit unions, Nium acquires Ixaris and Lightspeed acquires NuORDER. Finding …

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North Wales Credit Union calls for volunteers

MORE volunteers are needed to help Welsh communities access ethical savings and loans following the financial impact of Covid-19, it has been said. The statement comes from the Cambrian Credit Union as the nation celebrates Volunteer Week (June 1-7). The member-owned financial cooperative based in North Wales relies on the …

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Paycheck Advance apps: Reading the fine print

Paycheck advance apps allow users to borrow a small amount of their expected income, usually for a small fee, and repay it on their next payday. It sounds like a great deal if you need some extra cash between paychecks, and millions of users have accepted it. While it is …

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PenFed Credit Union Relaunches PenFed Pathfinder® Rewards Visa Signature® Card with Additional Benefits and Dream Vacation Gift

“Whether our members book flights with their Pathfinder Rewards card to earn fast-track rewards on airline tickets or receive a free annual Priority Pass airport lounge membership, we’re excited to help improve their summer travel, ”said PenFed Senior Vice President of Consumer Products Sumeet Bhalla. “After a year filled with …

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Manage culture when a workforce is in deep transition

Remote employee working from home. (Source package: Shutterstock) COVID-19 continues to disrupt and transform the workplace. The impact on employees is serious because it concerns member relations, expectations and the culture of an internal organization. After more than a year of working remotely, many of the changes COVID-19 brings will …

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