News about Credit Unions.
April 19th, 2017
Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value. The network now includes 20 banks and credit unions and is “poised to reach an estimated 85m consumers in the US through the mobile banking apps of its participating institutions,” Early Warning says. The Zelle brand was unveiled in October last year and has been built on the foundation of the ClearXChange network.
December 21st, 2016
Apple has added 14 banks and credit unions to its list of financial institutions in China supporting Apple Pay, and a further 30 in the US. With the additions “Apple currently lists a total of 58 banks and credit unions in mainland China offering the service to customers,” 9to5mac reports.
December 8th, 2016
More than 30 banks and credit unions in the US have added their support for Apple Pay, as well as five more in Australia. The additions in the US mean more than 1,600 financial institutions support the mobile payments service across the country, 9to5mac reports. Some 35% of US retailers now support Apple Pay, its chief Jennifer Bailey revealed at the Re/code Code Commerce event this week.
November 14th, 2016
Fintech firm Fiserv has collaborated with Gesa Credit Union in the US to introduce palm-vein biometric authentication into Fiserv’s DNA account processing platform — the first palm-vein authentication solution implemented by a US financial institution. The companies found the Verifast solution reduced the time it takes to authenticate a member in the branch by 93% and was given top marks by 99.9% of Gesa members on both the registration process and ease of use.
November 1st, 2016
Google has added an additional 30 banks and credit unions to its list of Android Pay supporting financial institutions in the US. “Android Pay now supports a ton of banks and credit unions, but most of them are small, local ones,” Android Police says.
July 21st, 2016
Motorists using the GC Express gas station in Caro, Michigan, are being offered a free coffee or drink whenever they pay for fuel purchases of US$10 or more with Team One Credit Union’s mobile banking app.
July 20th, 2016
Apple has added a further 13 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “The system now supports over 1,200 individual banks and credit unions in the US alone,” iMore reports. “This is in addition to the more than 30 financial institutions supported across Australia, Canada, China, Singapore and the UK.” The mobile payment service launched in France earlier this week as well as in Hong Kong.
July 19th, 2016
Google has added a further 19 banks and credit unions to its list of US financial institutions that support Android Pay. “These banks and credit unions are spread out across the entire country,” Android Police reports.
July 14th, 2016
Google has begun rolling out its Android Pay mobile payment service in Australia with support from American Express and Visa. The service will be available from 27 banks and credit unions at launch and from an additional seven financial institutions “soon”. MasterCard support is expected “in a few days”.
June 30th, 2016
Canadian credit unions Affinity and Conexus in Saskatchewan, First West in British Columbia and Meridian in Ontario have become the first to launch Mobile Pay, the host card emulation (HCE) mobile payment service developed by trade body the Canadian Credit Union Association. The four credit unions revealed that they would be the first to launch the service — which makes use of a tokenization platform by Interac — in February 2016.
May 5th, 2016
Apple has added more than 20 further banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The news follows German payments technology provider Wirecard’s Boon service integrating with Apple Pay in the UK.
May 5th, 2016
April 20th, 2016
Apple has added more than 50 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The update follows the mobile payment service’s launch in Singapore earlier this week.
April 19th, 2016
Samsung Pay will soon support eligible credit and debit cards from TD Bank and Regions Bank, taking the total number of supporting banks and credit unions in the US to 130 — more than 75% of the country’s credit and debit card market. “Samsung Pay supports all major payment networks and many of the country’s major banks, and it continues to expand its partnership ecosystem,” Samsung says.
April 12th, 2016
Apple has added a further 32 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The update follows an announcement from Barclays that it now supports Apple Pay in the UK.
March 21st, 2016
Apple has added another 48 banks and credit unions to its list of Apple Pay supporting financial institutions in the US and a further three banks in China, “notably including Ally Bank, one of the last major national US banks that had not supported the mobile wallet technology,” Macnn reports. “The three new Chinese banks that have added support for Apple Pay are China Everbright Bank, Huaxia Bank and Ping An Bank.”
March 7th, 2016
The 120 credit unions using the CU Wallet platform to support their mobile payment services can now offer customers up to 30% cashback on purchases at “thousands of merchants” through rewards program provider Mogl. “The CU Wallet platform will integrate Mogl offers into its application’s central directory that currently supports thousands of customer-specific discounts and loyalty incentives,” CU Wallet says.
March 7th, 2016
Apple has added a further 27 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “The addition of Mainland China started with another dozen participating banks and another 27 banks have joined the 1,000+ partners in the US,” 9to5mac reports. Apple Pay launched in China on February 18.
February 23rd, 2016
Customers of four Canadian credit unions will be able to make host card emulation (HCE) based mobile payments at Interac Flash contactless terminals across the country from this spring. The service will be the first…
February 23rd, 2016
The 120 member credit unions behind mobile payment platform CU Wallet can now offer MasterCard’s MasterPass digital wallet service to their customers through their own branded mobile apps. “CU Wallet’s on-device application and back-end infrastructure will enable consumers to use MasterPass to simply and safely make purchases in-store, online or in-app with any payment card across multiple communications technologies, including NFC, QR/barcodes and remote checkout,” MasterCard says.