News

Contactless payments, long viewed with skepticism by many in the U.S. card industry, are poised to grow sharply in the next 18-24 months, according to a Visa USA executive.

Becoming an "expert thinker" may help credit union leaders move beyond the brainstorming phase to the implementation phase in helping bringing value to members and get the industry's message across, according to one expert.

New York State Credit Union League President/CEO William J. Mellin was recently appointed to the Federal Reserve Bank of New York's Thrift Advisory Council.

Tranax Technologies, Inc., a leading developer of ATMs and self-service kiosks has announced it has had to move its headquarters from Fremont, Calif. to Newark, Calif. in order to better manage its growth.

Moving to tamp down interest in a proposed mutual bank conversion of Beehive Credit Union, the Utah League of Credit Unions has launched a "member information" Web site (membershipcounts.com).

NCUA regulations permit deposit insurance coverage for individual retirement accounts and trusts upon the death of the accountholder even if the beneficiary is not a credit union member.