A Future Without Cash? How Credit Unions Can Thrive

By Preston Packer |

Aug

31

These days, more and more people are using cards and digital wallets to pay for goods and services. Although many people still use cash on a day-to-day basis, digital payment options are becoming more common, especially among members of the younger generations.

Read More

A Cashless Society: The Pros and Cons

By Preston Packer |

Aug

25

"Cash or credit?" Is that statement becoming a phrase of the past? New technology and tools that support cashless payment options such as tapping a smartphone, waving and paying with a card, or sending an online Peer-to-Peer payment have hastened this process along with changing societal norms and consumer preferences. It feels as though we truly are on our way towards a cashless society.

Read More

Is a Cashless Society the Future of Payments?

By Preston Packer |

Aug

19

The first known form of currency--the Mesopotamian shekel--emerged nearly 5,000 years ago and cash has been used to purchase goods and services ever since. Until recently, it was a safe bet that cash would be around for the foreseeable future...that may not be the case anymore.

Read More

Should Credit Unions Prepare for a Cashless Future?

By Preston Packer |

Aug

18

A cashless society is a common theme in science fiction novels. But with the rise of digital banking and cryptocurrencies, together with global crises and tech-savvy consumer demand, those works of fiction are becoming closer to fact. Cash is not going away, at least not anytime soon, but the popularity of non-cash transactions continues to grow.

Read More

The Future of Cash and Credit Unions

By Preston Packer |

Aug

11

For many years, digital banking platforms and applications have been improving while the use of cash in America and around the world has been declining. Recent advances in technology combined with social distancing measures have changed member wants and needs, and this is having big implications for credit unions and the role digital banking technology will play in their future.

Read More

Cashless or Less-Cash? Credit Unions Preparing for the Digital Future

By Preston Packer |

Aug

05

For some time now, cash has taken a backseat to credit and debit cards in America, and digital and mobile banking has been evolving. The events of the past few years have only accelerated the transformation of more and better digital banking services, digital wallets, and other digital solutions to fill customer and member needs. Those credit unions who adapted and enhanced their digital banking platforms likely satisfied and maintained their members, but some might wonder if digital banking will replace all in-person transactions and maybe even cash itself.

Read More

The Impact of a Cashless Future for Credit Unions

By Preston Packer |

Aug

03

Digital payments and technologies are reshaping how people all over the world spend money--to the point where some economists are debating the future of cash. It’s not just the widespread use of credit and debit cards, but the rise of digital wallets, digital banking apps, direct deposits, instantaneous peer-to-peer payments and digital lending services that are solving people’s banking needs, and as a result, making cash less common.

Read More

Digital Member Services to Set Your Credit Union Apart

By Preston Packer |

Jul

22

In 2020, credit unions and all sorts of businesses were forced to adapt and change the way they provided member services. Obviously, one of the biggest changes was finding a way to provide services and transactions that were once conducted in-person and make them digital. As member expectations and needs changed, CUs and other businesses were forced to enhance their digital platforms at an alarmingly fast rate.

Read More

Using Digital Technology to Enhance Your CU’s Member Experience

By Preston Packer |

Jul

20

Credit unions have a history of putting their members first. In fact, nothing is more important for a credit union than being able to provide personalized member services to members in their community. Perhaps this is why many credit unions have found the transition to digital banking and digital member services (DMS) that has taken place over the past few years to be difficult, and some are even resisting the changes.

Read More

Digital Member Services for Your Credit Union

By Preston Packer |

Jul

14

Credit unions pride themselves on the quality of member service and the personalized attention they give their members. However, as the world moves toward digitalization and a large part of member service is now conducted online, credit unions must do everything they can to create high-quality digital member services (DMS).

Read More

Recent Posts

Posts by Topic

see all topics
FLEX will improve your system efficiency.