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PSCU’s Lumin Enables Digital Payments For TN Credit Union

PYMNTS

The PSCU company Lumin Digital has signed Bartlett, Tennessee-based First South Financial credit union to a multi-year digital banking and cloud computing agreement, Lumin announced on Tuesday (Feb. In December , Lumin Digital converted over 10,000 Mutual Security Credit Union digital users to a cloud-based platform.

Tennessee 206
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Ruby Tuesday Files For Bankruptcy, Will Close 185 Locations

PYMNTS

The company said it expects to stay afloat, and that it has “reached an understanding with its secured lenders to support its restructuring.”. Founded in 1972 and headquartered in Maryville, Tennessee, Ruby Tuesday has furloughed about 7,000 of its roughly 7,300 employees.

Tennessee 163
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Fifth Third Bank: Business Cash Flow Pains Are Driving Instant Payments Uptake

PYMNTS

Using digital push payments can also help add security to B2B transactions, thanks to the cybersecurity measures that can be grafted into these processes. percent of payors surveyed are offering paper checks, direct deposit and credit cards as options for disbursements.

Payments 257
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Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Studies show that digital disbursement methods could reduce these costs as well as make payments more efficient within Illinois, but the state also has to balance its budget and the security measures it will need to take for online payments before modernizing.

Idaho 130
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103
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Imposter Scams Top FTC’s List of 2018 Consumer Complaints

CFPB Monitor

The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. Nearly half of these reported scams involved government imposters that falsely claimed to be from the IRS, Social Security Administration, other government agency to get victims to turn over money and/or personal information.

Nevada 74
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Securing The New Commerce Normal

PYMNTS

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however.

Security 323