LAS VEGAS—CU Wallet, the credit union-owned digital wallet solution, announced at the Money2020 conference it has contracted with Massachusetts-based mobile wallet developer Paydiant.
Fifteen credit unions are betting the time is right for a credit union centric digital wallet. That’s why they threw their weight behind startup CU Wallet, the brainchild of Paul Fiore, founder of Digital Insight, and Kirk Drake, CEO of the Hagerstown, Md.-based CUSO Ongoing Operations.
It was late January when the Brookfield, Wis.-based Fiserv rocked the core system universe, announcing it had acquired competitor and DNA core architect Open Solutions for roughly $1 billion, much of that in debt assumption.
Shake up continues at high end of credit union core processing market.
Lauretta Farrell replaces retired Beth Degnan at New Jersey credit union's charitable arm.
Rose comes from Vertex Merchant Solutions, succeeds Gordon Smith at $23 billion New Jersey institution.
The $2.4 billion Affinity FCU said it has hired Wall Street banker Scott Witherspoon to manage its lending, member care units.
How credit unions spend their marketing dollars is not entirely based on targeting specific demographics, analyzing reams of data or interviewing focus groups.
Broker-dealer INVEST Financial Corp. said it has signed on the $2.2 billion Affinity FCU to provide the cooperative with brokerage and investment services.
Full power may not be restored for another 10 days, utilities say.