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Lumin Digital To Provide LAFCU With Digital Banking Solution

PYMNTS

17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. Lumin Digital announced today (Nov. We are pleased they chose us as that partner.”.

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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

Financial institutions (FIs) are now working to extend services into customers’ homes, for example, and consumers are making fewer credit card payments amid uncertainty over what their employment statuses and budgets might be when the bills come due. The Paytm cards can be used both in-store and online.

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring. Los Angeles-based immigrant-focused technology solution provider Welcome Technologies has announced that it has selected PSCU to provide processing and support services for its first credit card offering.

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Report: Digital ID’s Role In Boosting Trust In The Sharing Economy

PYMNTS

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

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SaaS Platform Kount Partners With Verifi To Help Firms Minimize Disputes, Fraud

PYMNTS

The collaboration will extend Los Angeles-based Verifi’s dispute management offerings to Kount’s platform, with solutions that help businesses to manage disputes, prevent chargebacks, give issuers and customers access to enhanced transaction information, provide fraud notifications, and stop fraudulent transactions. .

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. . $3 Stronger passwords.

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