PURCHASE, N.Y.—Mastercard and Rabobank are partnering to offer a digital platform to one million farmers in emerging markets. The product will make it easier for farmers to sell produce and build on the Mastercard Farmer Network.
SEOUL, South Korea—Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by two researchers at Positive Technologies.
SAN JOSE, Calif.—Venmo has added the ability to transfer consumers’ balance funds into a bank account in seconds.
PONTIAC, Mich.–An ATM stolen from a credit union has come to a fitting end—in a cemetery.
UNCASVILLE, Conn.–The Cooperative Credit Union Association has named the winners of its Awards of Excellence. The awards are being presented during the association’s annual meeting at the Mohegan Sun Resort here.
WASHINGTON – CUNA said it has completed beta testing a new “comprehensive compliance solution” for credit unions. It has been testing the new solution in partnership with Quantivate, a software provider specializing in governance, risk and compliance with leagues, and a number of state leagues.
NEW YORK –A state court judge and a former New York City cop–both of whom served on the board of Municipal Credit Union–have been arrested on different charges by federal prosecutors that range from deleting text messages to help cover up misuse of funds, abuse of controlled substances, and, ironically, fraud related to anti-fraud security.
VENTURA COUNTY, Calif. — A merger of two California credit unions that would have created a CU of more than $1 billion in assets has been called off.
DES MOINES, Iowa—Some of Iowa’s state lawmakers are again discussing taxing credit unions at the state level, with one official acknowledging it’s a divide-and-conquer strategy according to asset size. One banker even predicted success in Iowa on the tax issue would lead to similar success in other states.
PLEASANTON, Calif.–Credit unions and their members across Northern California have been dealing with power outages as Pacific Gas & Electric has been turning off electricity in areas where there are high winds in order to head off sparking wildfires should lines go down.