Road sign that says 'Old ways won't open new doors'.

Embedded Finance: What is it and what does it mean to credit unions?

Embedded finance sits high on nearly every emerging technology trend list. If you’re not sure what it’s about, you’re certainly not alone.

Embedded financial solutions are one of those things that you’ve probably experienced without giving it any thought. In fact, a December 2021 poll by Morning Consult concluded that only 11% of U.S. adults are familiar with embedded finance, while nearly one-third of that population has unknowingly used or experienced it.

Read More
Impact of RTPs on Interchange Fee Income

Interchange Fees: What impact will real-time payments have?

When’s the last time you took a good look at your credit union’s non-interest income? Do you know how much credit and debit card interchange income your credit union earns each month? National statistics show that interchange fee income ranges from 50-67% of the total non-interest income for credit unions. That’s a meaningful slice of total income. Interchange income may well be the difference between profitability and loss for many credit unions.

Read More
Hand holding cellphone with Buy Now Pay Later displayed at checkout cart online.

Buy Now, Pay Later: What impact will this have on payment trends?

If you’re an avid online shopper, the odds say you’ve seen or perhaps even used a BNPL service. BNPL stands for “Buy Now, Pay Later.” While this slogan might not ring any bells, the third-party platforms themselves might. Affirm, Afterpay, Klarna and even PayPal are among the most popular BNPL providers in the retail space.

Read More