No one-and-done: mFoundry purchase may be just the beginning of tech giant's bid to dominate mobile banking space.
PHOENIX — A standing-room-only crowd flocked to a BAI Payments session on mobile wallets and got this message: Stop dawdling. Try something. Anything.
Credit unions have seen quite a bit of membership growth over the last year–much of it due to the consumers’ disdain over the poor reputation commercial banks have earned lately. Credit unions, to their credit, have profited from this consumer windfall and are now showing many of these new-found members...
Debit card transaction volumes have increased because a combination of technology and innovative entrepreneurs. And that has helped push the cash cards into parts of the payments universe where they have never been before.
New game-changing regulations on mortgages and remittances from the Consumer Financial Protection Bureau, as well as new regs from the NCUA and other regulators, have not-for-profit credit unions wondering how they’ll find the resources to comply.
Who doesn’t want to be Amazon, Starbucks or Zappos? But who can, really?
mFoundry, the mobile banking app specialist founded in 2004 that grew as rapidly as its space, has been sold to FIS.
Another year, another meeting. A reality of the credit union industry is that it is chockablock with conferences, conventions, and more, from CUNA’s sprawling annual Washington Governmental Affairs Conference in late February through the California-Nevada Leagues’shindig on the West Coast toward year end.
CU Times technology writer Robert McGarvey says it's time to quit being cheerleader for mobile banking and focus on improving the experience.
Tracking the mobile banking revolution in credit unions with veteran technology writer Robert McGarvey.