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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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Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

Innovation happens when you least expect it. Those we call “innovators” are simply the ones who endeavor to solve the problems in front of them by any means necessary. Only later do others look at them and call them “innovators.” PYMNTS: Where do you look for innovative ideas, and why? The conversation is excerpted below.

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US Inches Toward Open Banking With CFPB Notice

PYMNTS

The solution, which secured about 20,000 SMBs to pilot the technology in the last year, provides deposit account and payment solutions that aim to compete with traditional banks that, as CEO and Co-founder Eyal Lifshitz described, "nickel-and-dime" businesses. First Horizon Bank Adopts NCR Technology. TrueLayer Launches in Australia.

US 203
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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. As was widely reported this past week, seven of them are trying to do so.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. In a handful of states, including Tennessee and South Carolina, lottery tickets may only be bought with cash.”

Ohio 103
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CFPB Sets Sights on Data-Security Practices

Fintech Labs Insights

It’s even harder to imagine such an action when the very same agency announced a policy to encourage consumer-friendly financial innovations just a few weeks before imposing the fines. Earlier this month, the CFPB announced a consent order in its “first data security action.” What happened. Recommendations.

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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Over 50% of the loan portfolio is indirect auto, with originations coming from Tennessee to Florida. BofI Holdings Inc.