Increased efficiency, security, and speed. These are the primary benefits credit unions could realize by developing a network based on blockchain. Rich Meade, CUNA chief operating officer, presented the possibilities for credit unions at America’s Credit Union Conference Wednesday.
Credit unions are the original financial services disrupters. And they are the original cooperative cooperators. Those two essential traits of their DNA make them the perfect business model to shake up financial services again by moving squarely into the innovative blockchain or "shared ledger" model of transactions.
MONETT, Mo. (2/19/16)--Credit union members now have the ability to do their banking through a personal assistant and voice interaction devices, such as Amazon’s Echo or Cortana by Microsoft for Windows, to act as new banking touchpoints.
WASHINGTON (2/9/16)--Ninety percent of consumers agree stores and retailers should be held to the same standards as financial institutions to keep customer data secure, according to a new Morning Consult poll released this week.
SAN FRANCISCO (2/8/16)--Visa Inc. has launched the Visa Commerce Network, a new way for merchants to create online and in-app commerce experiences to acquire new customers, drive loyalty and increase sales with relevant offers.
HOUSTON (2/1/16)--Dolphin Debit, an ATM management company, is helping credit unions and banks with the transition of their ATMs to read EMV chip cards ahead of the coming October industry deadline for ATM compatibility with the new cards.
MADISON, Wis. (1/27/16)--Concerns about security are preventing consumers from downloading and using mobile apps, according to new research. In many cases, consumers are deleting apps out of concern for security, the study said.
MADISON, Wis. (1/25/16)--The U.S. migration to EMV has established the infrastructure for mobile payments, but widespread adoption will take time as mobile-payment applications gain traction in the marketplace.