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Michigan Approves Charter For First LGBT Credit Union

PYMNTS

Michigan has approved a charter for a new financial institution designed for LGBT customers. There are also plans to offer products such as insurance, health care and wealth management specifically designed for LGBT customers. which created the credit union. The charter means that online service could launch in early 2020.

Michigan 102
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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Not having the use of their card for a period of time or access to their credit limits or access to their money — it's a big deal.

Fraud 316
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Survey Shows Fall In US Consumer Sentiment

PYMNTS

Indicating that Americans may have a less favorable view of their own finances, the University of Michigan Survey of Consumers fell to a gauge of 99 for October. However, a lack of access to credit and poor credit ratings often get in the way of managing bill payments and achieving financial well-being. The expected reading was 100.4

Survey 135
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Slow EMV Conversion Invites Fraudsters to Self-Serve at Gas Stations

FICO

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. Nevada, Florida and Michigan have the highest unattended gas fraud rates, while the lowest are in New Hampshire, Alaska and Maine. .

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

“Providing our store guests with options that fit their shopping preferences — whether that be shopping in-store or using curbside pickup and at-home delivery — is part of our commitment at SpartanNash,” said Tom Swanson , executive vice president and general manager, corporate retail.

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How Credit Unions Help SMBs Get Creative To Navigate Market Uncertainty

PYMNTS

Kelli Ellsworth-Etchison of Michigan-based credit union LAFCU says the credit union business model can offer small business owners an advantage over services provided by larger financial institutions. There is a delicate balancing act that small business owners must manage today as a result of the pandemic.

Marketing 165
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Ingo’s Edwards Plays The Inside Straight On Online Gambling

PYMNTS

But now gaming and sports betting is moving online and regulators are just now trying to figure out how to manage it.”. That management process, he said, is not exactly on smooth ground as the regulatory efforts are a work in progress. Or Michigan, which starts online gambling Friday, Jan. There have been advances.

Online 181