CU Direct announced last week fresh partnership agreements with 12 new credit unions. The Ontario, Calif.-based organization provides lending, automotive and strategic solutions to the credit union industry.
CO-OP Financial Services announced that it is a Visa "engaged issuer-processor," authorized to immediately service the enrollment of credit unions in Apple Pay, making it the only credit union service organization with this designation.
Human trafficking, money laundering, trade-based money laundering and terrorist financing all come with their own sets of red flags for financial institutions. In addition, entities such as money services businesses and cash-intensive businesses can be legitimate, but also have potential to be used for illicit activities.