The difference between a payment gateway vs. payment processor
To start, let’s keep it simple. Think of the gateway as a helpful tool that you, your customers, or your employees can use to approve or decline a transaction, ...
The latest from John Pettit
3 ways to proactively mitigate fraud
Reported fraud continues to increase in frequency, complexity, and severity. According to the Federal Trade Commission (FTC) the top 5 types of scams include: Imposter scams, fake internet services, false ...
CU industry to G20: Proportionality essential to financial inclusion
On a recent World Council of Credit Unions webinar leading up to the G20 conference in Rome, Italy, CUNA’s Executive Vice President and Chief Advocacy Officer Ryan Donovan offered ...
Lessons learned on leadership and transformation from nature
Nature never fails to teach us life lessons in all ways, shapes, and forms. Just like the natural world adapts to constant changes, so should our organizations. When it comes ...
SAFE Banking, remote notary should be included in Senate NDAA
Credit unions have profound interest in preserving the Department of Defense’s (DoD) discretionary authority to allow credit unions to use land and space on military bases at a nominal ...
Fed holds rates, begins tapering asset purchases with monthly reductions of $15 billion
The Federal Open Market Committee (FOMC) Wednesday maintained the federal funds target rate near its current range of 0 to 0.25 percent. The Committee acknowledged that the rise in ...
BOLI and benefits: Two peas in a pod
Since the early 1980s, business-owned life insurance or BOLI has been the go-to strategy for banks and credit unions to offset the cost of executive and employee benefits. At the ...
Preparing your credit union for surpassing the $10 billion asset threshold
Over the course of the pandemic, credit unions have seen their balance sheets grow at an accelerated pace. This has been fueled by COVID-related policy response, including multiple stimulus payments ...