Vizo Financial Corporate Credit Union put community first as it held its annual Day of Service on October 9, 2023. Every year on the Day of Service, the
The Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
57 "early adopter organizations" have now been certified to participate in the U.S. Federal Reserve's FedNow instant payments program that will be rolled out later this month (July, 2023). Cleveland Federal Reserve President Loretta Mester stated yesterday that the FedNow program "should help ensure financial stability should bank stress arise," by limiting withdrawals. Last month (June, 2023), I reported how The Consumer Financial Protection Bureau (CFPB), an organization linked to the Federal Reserve, published a warning to consumers stating that funds held in popular online payment apps, such as Paypal, Cash App, and Venmo, lack FDIC insurance and should be transferred to “insured banks and credit unions.” I posed the question as to whether or not the Fed was getting ready to eliminate these apps in favor of FedNow, and wrote: "The Fed is basically warning you ahead of time that you are going to lose that money if you keep it there." And sure enough, Cleveland Federal Reserve President Loretta Mester did address this issue in her update on FedNow yesterday, stating that "it may seem more efficient to have fewer rails for smaller-transaction payments."
The 39th annual Children’s Miracle Network Hershey Telethon raised $336,556 to benefit equipment, programs and research at Penn State Health Children’s Hospital.
Scams against the elderly are responsible for more than $3 billion in losses each year, according to the Federal Bureau of Investigation. Credit unions say they are seeing more cases, and often the hardest part is getting the victims to admit they've been taken advantage of.
Vizo Financial Corporate Credit Union brought the credit union movement’s seventh cooperative principle of “concern for community” to life with its annual
Los Angeles-based fintech company DoubleCheck Solutions, which provides overdraft and non-sufficient funds (NSF) software, says it has inked a strategic reseller agreement with a company focused on credi
Going digital is a top priority for credit unions as they strive to serve their members in the most convenient ways possible. But what does digitization look like for corporate credit unions? Similar to what some countries refer to as “central” credit unions, corporate credit unions are non-profit cooperative financial institutions formed to assist traditional consumer-based credit unions with services like balance sheet management and investments, payment processing and now—digital transformation. Here at Vizo Financial Corporate Credit Union, we sought to find out what type of digital journey would best help our 1,200 U.S. and Canadian member credit unions to develop their own digitization efforts.
Vizo Financial raises $1,750 for local food banks through meals around the corporate initiative cuinsight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cuinsight.com Daily Mail and Mail on Sunday newspapers.