ESL Federal Credit Union, through a team effort with other organizations, has gone live with real-time payments on the RTP network. ESL has more than 374,000 members and 11,400 businesses as customers. The financial institution (FI) said that RTP, developed by The Clearing House (TCH),...
Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply assume that all of their customers want to use such tools. In the latest FI Fraud Decisioning Playbook, Ryan Leblond, manager of fraud prevention for...
Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing...
Nearly 40 percent of credit union members are willing to switch their primary FI – putting the pressure on CUs to up their game. This means that a data-centric approach to engagement and retention is more important than ever. In this month’s Credit Union Tracker,...
October 29, 2019
Credit unions (CUs) are a worldwide phenomenon, with the World Council of Credit Unions’ newly-released 2018 Statistical Report finding that 85,400 CUs exist in 118 countries, serving more than 272.2 million members. CUs may represent a fraction of the financial market compared to banks, but they face the same challenges. United States-based CUs have steadily […]
December 17, 2020
ESL Federal Credit Union, through a team effort with other organizations, has gone live with real-time payments on the RTP network. ESL has more than 374,000 members and 11,400 businesses as customers. The financial institution (FI) said that RTP, developed by The Clearing House (TCH), will deliver to its customers “the most modern payments infrastructure […]
