WASHINGTON–Street thieves who typically specialize in cashing out stolen credit and debit cards are now hedging their chances against being caught by carrying multiple counterfeit cards by relying on Fuze Cards, a smartcard technology that allows users to store dozens of cards on a single device, according to a warning by the U.S. Secret Service and as first reported by Brian Krebs on his blog, KrebsOnSecurity.com.
NEW YORK—Citi is rolling out a new credit card that will round up the number of rewards points consumers earn in an effort to get them to use their credit cards for smaller, routine purchases.
ALBANY, N.Y.–The New York Credit Union Association said it has its 2019 state legislative priorities.
KARACHI, Pakistan—Telenor Microfinance Bank (TMB) revealed it will offer remittances between Pakistan and Malaysia using blockchain technology from Ant Financial, a move the company said would improve the security and speed of transactions.
BOSTON—More than 45% of consumers who shop online complete their purchases via mobile smartphone, compared to just under 34% who use computers—showing how big a role mobile devices have come to play in shopping and payments, a new study reveals.
PARIS—Mobile transactions accounted for 40% in North America and 52% in Asia-Pacific of all transactions globally, a new report shows.
JACKSONVILLE, Fla.—VyStar Credit Union announced it plans to acquire $280-million Citizens State Bank, a Florida state-chartered bank headquartered in Perry.
OKLAHOMA CITY, Okla.–As the partial federal shutdown enters its 25th day, thousands of furloughed workers continue to reach out to their credit unions and even food pantries for assistance.
ALEXANDRIA, Va.–In response to NCUA’s proposals for updating federal credit union bylaws, NAFCU has proposed several bylaw amendments it said will carry out the agency’s intent to update, clarify and simplify the federal credit union bylaws “while allowing the industry the flexibility necessary to work within their unique fields of membership.”
WASHINGTON—CUNA supports an approach to federal credit union bylaws that provides those institutions flexibility to work within the bylaws, as well as an efficient amendments process when deviation is appropriate, CUNA wrote to NCUA.