Fintech

OMAHA, Neb.-One way to increase loan volume is to get members to take out two loans at a time. That's the strategy behind Centris FCU's BOGO (buy-one-get one) loan program, which helped it pick up volume right when loans began to tail off, explained Seth Swier, AVP of financial services.

TALLAHASSEE, Fla.-The best way to address fraud is to ensure you have dedicated fraud resources within the CU and make fraud prevention a strategic priority.

CINCINNATI-Credit unions don't need to do anything special when it comes to planning for 2012, according to one executive, as long as they keep their focus on what has made credit unions unique and engendered member loyalty.

DEERFIELD BEACH, Fla.-When it comes to strategic planning for 2012, one supplier says that understanding a vendor's product offerings is crucially important-but more important, she said, is understanding that product's value and, in some cases, lack thereof to a member.

A venture involving Visa Inc. and health care payments processor 3Pea International Inc. is enabling doctors’ offices and hospitals to provide prepaid cards to patients for use in paying copayments on prescription drugs to encourage repeat prescription refills.

For the first time in its 11-year history, ING Direct is sending customers checkbooks. But the checks are useless until they pass a gauntlet of security measures the online bank designed.

BUFFALO, N.Y. – The $40.7-million Buffalo Service Credit Union has applied to the New York State Banking Department to expand its charter to serve all of Erie County.

MADISON, Wis. – Given the threat of increasing deposits as consumers seek CU safety as stocks fluctuate wildly, Dave Colby is offering some advice on how to keep the loan-to-share ratio from slipping further south.

Bank executives who oversee ATMs view the channel as a “differentiator” in terms of enhancing the customer experience and are exploring ways to introduce additional advanced features such as personalization and targeted marketing and messaging, a new report suggests.

ACI Worldwide Inc. is rolling out an upgraded version of its payments server that will boost security systems and marketing processes for retail clients, including the ability to offer consumers immediate rewards at the point of sale, a company executive says.