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The tech that boosted a Tennessee credit union's consumer loans

American Banker

Auto-enrolling its membership for a credit-scoring tool offered by SavvyMoney helped Knoxville TVA Employees Credit Union nearly double approvals across its credit card, personal and auto loan portfolios in early 2023.

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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. The new platform should be available to First South Financial customers in June of 2020.

Tennessee 206
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CFPB January 2017 complaint report highlights mortgage complaints, complaints from Tennessee consumers

CFPB Monitor

The report also highlights complaints from consumers in Tennessee and the Memphis and Nashville metro areas. Prepaid card complaints showed the greatest percentage decrease based on a three-month average, decreasing about 59 percent from the same time last year (October to December 2015 compared with October to December 2016).

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Ingo’s Edwards Plays The Inside Straight On Online Gambling

PYMNTS

Tennessee, he said, is his favorite example. However, Ingo can’t offer the company business support as much as it wants to, because regulations in Tennessee prohibit it. The fact that ACH payments are used so commonly to push funds, he said, is strange given so many banks reject gambling transactions on push to card.

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Using Gift Cards To Buy Drugs: How Return Fraud Is Funding The Opioid Crisis

PYMNTS

They say gift cards are the gift that always fits. Thieves simply walk into Walmart, Target, Home Depot, Lowe’s or another big-name retailer, steal an item, return it at a different store without a receipt and receive a gift card in return, which they can then turn around and sell to a pawn shop or secondary store for a lower price.

Fraud 105
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Today In Digital-First Banking: Goldman's Marcus Debuts Personal Finance Tools; Franklin Templeton’s Singapore Subsidiary Collaborates With Razer Fintech

PYMNTS

Tennessee-based regional financial services company First Horizon National Corp. Hotels.com Debuts Loyalty Program Visa Card. Hotels.com has rolled out a Wells Fargo-issued credit card to assist users in accessing rewards. Users can access an additional reward or “stamp” each time they spend $500 through the new credit card.

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Apple Adds 12 Colleges To Contactless ID Program

PYMNTS

Apple has added 12 new universities to its contactless student ID program, which allows students to pay for things and gain entry to locked doors, as well as act as an alternative to a physical ID card. The students can store money on the digital cards and use it at places like the cafeteria or the college bookstore to buy supplies.

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