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.
Speaker says social media without strategy is like tool without a purpose.
Despite having a small percentage of business members, some credit unions believe they are now better positioned to grow their penetration in the small business market than they were prior to the start of the financial crisis a few years ago.
Mobile banking users are not necessarily more affluent than nonmobile bankers, according to Boston-based research firm Aite Group, and credit unions should invest in debit cards, prepaid cards and merchant-funded awards to attract new members.
clearXchange billed as the first bank-owned P2P; credit union impact seen more in long term.
Aite Group says a new survey shows that about one-fifth of credit unions are better positioned now than a year ago to penetrate the small business space.
Kinect for Xbox 360, a controller-free, $150 gaming device that allows users to operate their Xbox consoles solely through bodily gestures and voice commands, has made a splash among video game and electronics enthusiasts. But is there a practical application for Kinect outside the gaming world–say, in credit union branches?...
Biller direct payment adoption continues to grow while competition heats up among vendors of the multi-channel option.
A combination of factors has credit unions seaching for noninterest income in earnest.
The banking crisis of the past couple years has created both challenge and opportunity for credit unions as they adapt their IT tools to a new normal.