As retail banking channels converge and innovations continue, an engagement strategy is beginning to emerge that will not only position your credit union to better attract Gen Y but will set you on a course for greater general consumer engagement.
Financial institutions across the world will be spending $132 billion on retail banking technology five years from now, an increase of 24% from current levels, according to Ovum.
A new money transfer service in Des Moines, Iowa, has drawn a $1 million investment from two Iowa CUSOs.
John Pantaleon saw the writing on the wall at credit union after credit union he visited.
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.
Connect Financial Software Solutions of Salt Lake City said it has signed a multi-year agreement to provide Internet banking and bill pay solutions to the $100 million Achieve Financial Credit Union in Berlin, Conn.
Person-to-person payments online or by mobile channels sparked the interest of about half of the consumers interviewed in a recent national study.
The end of 2009 saw PSCU Financial Services reaching a number of financial milestones.
PSCU Financial Services reported a strong 2009 despite the year's ongoing economic turmoil.