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CFPB report reveals issues that may default student loan borrowers

The CFPB released a report on Tuesday that revealed having a co-signer on a student loan may inadvertently allow a student loan servicer to put the borrower into default, even if payments have been made on time. According to the report, approximately 90 percent of private student loans had co-signers in 2011—a practice that may allow... Read More...

Ingenico strengthens presence in Africa with new branch in Morocco

Payment solutions provider Ingenico announced on Tuesday that the opening of a new branch in Casblanca, Morocco, is part of the company’s plan to expand its reach and strengthen its foothold in Africa. “If Ingenico has been delivering innovative payment solutions to African customers for several years already, this new office will allow us... Read More...

Vesta Corp. launches vSafe payment gateway to protect merchants

Mobile payments solution provider Vesta Corp. launched on Tuesday its vSafe payment gateway, which is designed to eliminate transaction fraud costs for mobile and online merchants. Based on Vesta’s fraud technology, vSafe analyzes orders using business-specific models that facilitate real-time transaction acceptance and protect merchants from... Read More...

Alternative payment methods see slowdown in growth, despite popularity

IDC Financial Insights released a new report on Monday that showed a decline in online bill payment usage and a slowdown in the adoption of mobile payments. According to the survey, which polled U.S. consumers on emerging payment methods and technology, online bill payment usage declined slightly for the second year in a row, despite strong... Read More...

Existing home sales remain flat in March

Data released by the National Association of Realtors on Tuesday showed existing home sales remained flat in March as home prices slowed their upward climb. Existing home sales, or completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 0.2 percent in March and were approximately eight percent below... Read More...

PAI’s Donna Embry named one of most influential women in payments

Payment Alliance International announced on Monday that Donna Embry, the senior vice president of strategic development, has been named by PaymentsSource as one of the most influential women in payments for the second consecutive year. “I am thrilled to be recognized again for this prestigious award and honored to be a part of the amazing... Read More...

NAFCU urges Senate, House leaders to take action on data security

The National Association of Federal Credit Unions urged Congress last week to take action on proposed data security and breach notification standards. The call for action came one day after Michaels Stores confirmed as many as 2.6 million customers had their credit card data compromised between May 2013 and January 2014. Between June 2013 and... Read More...

Missouri credit union partners with Banzai to offer financial education

Missouri Valley Federal Credit Union is working with national financial literacy program Banzai to make financial education available to schools in St. Charles County for free. Banzai—an interactive, web-based program supplemented by printed workbooks that meet state requirements for personal finance education. In 2010, the Institute for... Read More...

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