NEW ORLEANS - (02/15/05) Credit unions are being urgedto make their institution the payment portal of choice for membersas competition for depository funds proliferates from non-financialinstitutions. You have to maximize how to get as much moneyas quickly as possible in that account from as many ways aspossible, said George Danforth, vice president of PULSE EFTAssociation, during the Texas CU Leagues TechMeccaConference Monday. Citing the emergence of Wal-Mart, check-casherslike ACE, and even Starbucks, in the deposit business via storedvalue cards, Danforth urged credit unions to maximize the use oftheir deposit relationships by helping members make payments asquickly and as easily as possible. Why a paymentsportal? he said. Because payments is what generatesfee income. You can charge people to start solvingtheir problems, he asserted. About 150 Texas credit unionexecutives mixed with a like number of Texas bankers during thefourth annual technology conference, jointly sponsored by the Texasleague, the Independent Bankers Association of Texas andPULSE.
-
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
6h ago -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
7h ago -
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
8h ago - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
8h ago -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
8h ago -
The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
8h ago