A new person-to-person payment service launched by three major banks poses more of a long-term challenge than short-term threat to credit unions, an analyst said.
Wescom Credit Union CUSO now the latest credit union technology provider to offer integration with PayPal for person-to-person payments.
A seven-minute performance won Iowa-based social payments vendor Dwolla one of seven best of show awards at the Finovate Spring 2011 conference May 10-11 in San Francisco.
clearXchange billed as the first bank-owned P2P; credit union impact seen more in long term.
Jack Henry & Associates said the person-to-person payment platform for its iPay Technologies service has now reached more than one million users
SAN FRANCISCO — The biggest players in financial services technology right now might be Google and Facebook. That’s what it felt like at times at the Finovate Spring 2011 showcase last week at the San Francisco Design Center Concourse.
There’s a frightening reality facing today’s credit unions – they may no longer be integral to the movement of money.
A pair of Iowa CUSOs has made a million-dollar investment in a home-grown money transfer platform and plan to help the peer-to-peer service grow.