The hot must-have technology in banking today has to be mobile remote-deposit capture, software that lets members take a photo of a check with a smartphone camera and, presto, it’s deposited into their account.
FIS, the credit and debit card processor for more than 5,000 credit unions, has announced the hiring of a chief risk officer.
Processor says disruption involved a "small number of its payment systems, which impacted a select number of clients."
A majority of the credit unions around the country that issue cards will soon be able to offer merchant-funded rewards.
FIS is adding merchant-funded rewards to a loyalty program in a move the company says will help offset the effects of a raised interchange cap.