Credit union technology solutions firm EPL Inc. and digital payments company Payveris have announced a partnership that will allow credit unions to offer a more unified, user-friendly, and consistent omni-channel digital payments and money movement experience to members.
CUNA Mutual Group has launched its new mortgage payment protection product for credit unions and members. The new product covers mortgage payments in the event of a borrower’s death, disability or involuntary unemployment.
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.