Large scale collaboration, as an alternative to mergers to allow Credit Unions to achieve scale. No details yet however. CU Brand Blog Large-scale collaboration is a legitimate alternative solution. It allows credit unions to remain smaller and independent, yet allows these credit unions to share, cooperate and, most importantly, innovate. If you are not involved in collaborating with other like-minded credit unions, it’s time to get started. Continue reading Large Scale Collaboration | Credit Union innovation

Chris posts about eBank in Japan. They are an exclusively internet Bank and some of the statistics are staggering. They have $8 bn in assets, and yet only 195 employees. swiftcommunity.net eBank purely exists as an internet bank, accessible via any internet-attached device which, these days, is predominantly the mobile phone. eBank, because of this exclusive channel focus upon internet-based banking, built a bank specifically to exploit this channel. This is radically different to most banks that built internet banking as an additional channel to exploit the existing bank. They are built for pure automation wherever possible. The account open … Continue reading ebank Japan | designed to exploit internet channel

Original use of online banking by SEFCU. Interesting to have an application access from inside FB. It will be interesting to follow the security considerations there. Finextra: SEFCU taps Facebook Albany, New York-based credit union SEFCU is the latest financial institution looking to tap the Facebook generation by launching a banking application on the social networking site. The tool, developed by mobile banking specialist MShift, provides SEFCU members with secure, one-click access to online account information. All data is encrypted with a minimum of 128 bits and no user data is stored on the Facebook servers. Continue reading MShift, provides SEFCU members with secure, one-click access to online account information from FaceBook

This got my attention from Morris. I thought that Capone had cancelled their debti card programme, but it turns out they just wanted to re-release as their own service. Now this gets interesting. Not much to judge about the service on the US site linked from Morris’s post, so any additional information welcomed in the comments. Decoupled Debit Card Lives Again! — from TMG’s Payment Industry Insider NOW, all bets are off since CapOne has gone national and has tied it to their own reward program. Potentially millions of consumers who are dissatisfied with their current bank or credit union, … Continue reading Capital One Debit MasterCard is back and national