Payments/Credit/Debit

ATM Solutions ceases operations without warning, stranding machines and cash access for members. Credit unions meet to discuss next steps.

Payments CUSO says the industry needs to keep an eye on delinquency rates, too.

Velera finds lower delinquencies and higher amounts spent on credit and debit cards handled by the payments CUSO.

Payments CUSO Velera also finds stability in credit card delinquencies, but the rate remains near a record high.

It is the first credit union in the state to launch the Federal Reserve’s FedNow service.

Velera finds payments were up by double digits for the peak days from Thanksgiving to Cyber Monday.