Swedish-based Precise Biometrics’ algorithm solution for fingerprint recognition is part of the first market trial of dual interface biometric payment cards with $7 million West Jordan, Utah-based Mountain America Credit Union. The payment card trial, carried...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Former CU Employee Suspected of Embezzlement, Robbing CU & Three Banks
A former employee of the $2.9 billion Travis Credit Union, and embezzlement suspect, is also an FBI suspect for robbing a credit union and three other banks about a month after he quit his job at the Vacaville-Calif.-based TCU. The FBI arrested Corey Johnson, 31, of...
What Benefits Matter Most to Gen Xers?
Once called the “slacker generation,” Generation X adults born between 1965 and 1979 are now active, happy and achieving a work–life balance, according to Purchasing Power’s “Guide to Generation X- Working with Them and...
IRS Releases Tax Withholding Tables for 2018
The Internal Revenue Service released Thursday the updated 2018 withholding tables reflecting enactment of the new tax law, the Tax Cuts and Jobs Act. House Ways and Means Chairman Kevin Brady, R-Texas, and Treasury Secretary Steve Mnuchin stated that nine out of 10...
CUNA, NAFCU Support Bill to Exclude Many Financial Institutions From CFPB Rules
The House Financial Services Committee, on Jan. 17, will consider legislation that would exempt financial institutions with less than $50 billion in consolidated assets from CFPB rulemaking. CUNA and NAFCU have endorsed the bill. The legislation, H.R. 1264, also would...
Raddon 2018 Forecast: Mobile Banking Up, Concerns Grow in Other Areas
Mobile banking will surpass 60% of households; and branch use will contract slightly, but remain steady among consumers. Those are two 2018 forecasts from Lombard, Ill.-based Raddon, a Fiserv company. Research and analytics firm Raddon in its economic and industry...