The Future of Payments: A Look at Digital Issuance and Payments

By Preston Packer |

Apr

20

Each year, our lives become more and more digitally focused--to the point where most people spend the majority of their days interacting with some form of technology. Often, this happens in ways that would have seemed odd or even unthinkable in the past.

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Digital Wallets: A Convenient Solution for Credit Unions

By Preston Packer |

Apr

18

If you've ever opened the built-in "Wallet" app on your iPhone, you're no doubt at least passingly familiar with how convenient digital wallets can be. With a few taps of your finger, digital representations of all of your credit and debit cards are available and can be instantly used to make contactless purchases and other digital payments.

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Digital Payments May Be the Key to Pushing Credit Unions Forward

By Preston Packer |

Apr

13

The credit union industry has always been committed to innovation. This idea is especially important in the fast-paced, tech-driven modern world that we're living in. In an effort to not only maintain growth but to accelerate it as much as possible, credit unions need to embrace new solutions like digital payments wherever possible.

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The Ins and Outs of Digital Payment Methods: What You Need to Know

By Preston Packer |

Apr

11

As recently as a decade ago, the idea that we were headed towards a "cashless society" seemed laughable. Now, with more and more people making purchases online and with options such as contactless payments becoming the "new norm" for in-person experiences, we may be a lot closer to a cashless society than we think.

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How Credit Unions Can Hit the Ground Running With Digital Payments

By Preston Packer |

Apr

06

In the 16 years since the iPhone was introduced, the world has changed immeasurably. Not only has nearly every facet of our lives become highly digitized, but it's also all hyper-connected as well.

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Unlock the Benefits of Digital Account Opening For Credit Unions

By Preston Packer |

Mar

30

These days, modern credit union (CU) members expect more from the financial  institutions they choose to bank with. They began a relationship with your CU because they were looking for a personalized level of care and attention to detail that they weren't able to find with larger banks. They'll maintain that relationship if your credit union proves committed to the idea of making members' lives easier and more convenient in any way that you can moving forward.

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Time to Upgrade With Digital New Account Opening

By Preston Packer |

Mar

04

Although it may sound unbelievable, a recent study revealed a frightening prediction: up to 80% of financial institutions could disappear by the end of the decade. That is unless they can find a way to use technology to innovate their operations, bringing them more in line with the expectations of modern audiences. Note that this number includes not only big banks but credit unions as well. Nobody is immune to the ever-evolving digital world that we are now a part of.

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Leverage Technology to Increase Your Credit Union's Value Proposition

By Preston Packer |

Feb

24

Digital transformation isn't just an important part of the success of any credit union--it has become critically so in the wake of COVID-19. According to one recent study, the pandemic sped up the average adoption of digital technologies by an estimated three to seven years, all in the span of just a few months.

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3 Keys to Unlocking Greater Operational Efficiency at Your Credit Union

By Preston Packer |

Nov

10

When it comes to operational efficiency, credit unions have room for growth. According to a McKinsey & Company study, credit unions are repeatedly more inefficient when compared to similarly sized banks. The causes of this operational efficiency variance can range, but it almost always boils down to certain processes draining valuable resources. Ask yourself:

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Step Up Your Tech! Improve Efficiency for Both Credit Unions and Members

By Preston Packer |

Nov

08

The expectations of credit union members are constantly evolving, and it's up to savvy organizations to evolve right along with them. For most, the careful application of the right type of technology is how they do it.

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