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2 months ago | 
cuinsight.com | Phil Seely |Kristen Jason |Kristi S Kelley |Libby Calderone
Technological innovation and consumer preferences are rapidly changing the payments landscape. Amid this evolution, the tried-and-true debit card continues to remain popular, making up thirty percent of payments in the USA (The Federal Reserve). Still, credit unions need to embrace both the challenges and opportunities of digital technology to ensure their debit card program continues to thrive in this dynamic environment. Digital wallets are reaching the zenith of their popularity.
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Jan 10, 2025 | 
cuinsight.com | ARIS JERAHIAN |Kristen Jason |Kristi S Kelley |Brian Lee
The credit union industry is undergoing a technological evolution that promises to reshape the entire industry. Digital transformation and artificial intelligence were the talk of the town, with every leader looking for ways to improve operational efficiency and enhance member value.
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Jan 9, 2025 | 
alacriti.com | Kristen Jason
In a recent episode of The Alacriti Payments Podcast, Saman Kazmi, host and Marketing Associate at Alacriti, spoke with Paul Steinbrecher, Director of Payments Consulting at Alacriti, to tackle some of the most common questions posed by bank and credit union executives regarding instant payments. The episode shed light on how financial institutions are approaching instant payments and the key advantages that Alacriti’s solutions bring to the table.
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Jan 8, 2025 | 
cuinsight.com | Kristen Jason |Kristi S Kelley |Libby Calderone |Becky Reed
The Q&A session during Alacriti’s webinar, Maximizing Growth and Member Engagement With Instant Payments, featuring Keith Gray, Vice President of Strategic Partnerships at The Clearing House, and Mark Majeske, SVP of Faster Payments at Alacriti, offered practical insights into pressing concerns surrounding instant payments.
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Oct 30, 2024 | 
cuinsight.com | Kristen Jason
On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized the Personal Financial Data Rights Rule. This rule gives consumers greater control over their personal financial data, requiring financial institutions, credit card issuers, and other financial providers to freely transfer an individual’s data to another provider upon request. The reasoning is so that consumers are better equipped to switch to providers that offer better rates and services.
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Oct 2, 2024 | 
cuinsight.com | Kristen Jason
Providing seamless and efficient loan payment options is crucial for credit unions looking to improve member satisfaction and streamline internal operations. Recently, a webinar titled Streamlining Loan Payments for Operational Efficiency and Cost Savings brought together experts Stuart Bain, Senior Vice President at Alacriti, and Jeff Bucher, Senior Product Manager at Alkami, to discuss the benefits of integrating loan payments into digital banking platforms.
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Sep 18, 2024 | 
bai.org | Kristen Jason |Neeraj Gupta
A version of this article first appeared in the July BAI Executive Report: Modernizing payment methods. Find more insight within the issue on topics including consumer payment preferences, FedNow and RTP, check fraud and more. Wire modernization is critical for financial institutions as they adapt to regulatory changes and technological advancements.
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Aug 23, 2024 | 
cuinsight.com | Kristen Jason
In Alacriti’s webinar, Wired for Tomorrow: Optimizing Wire with ISO 20022 Compliance, Alacriti’s Neeraj Gupta, SVP of Product Management, addressed key questions from participants regarding wire modernization and the upcoming ISO 20022 compliance deadline. Here’s a summary of the insightful Q&A session:Does ISO 20022 apply only to banks using Fedwire, or does it include those using products like Jack Henry’s DirectLine?
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Aug 6, 2024 | 
cuinsight.com | Kristen Jason
In a CUInsight-hosted webinar, Jeni Brantner, Vice President of Payments at Royal Credit Union, shared the credit union’s experience with payments modernization alongside Stuart Bain, SVP of Product Management at Alacriti, and Mark Majeske, SVP of Faster Payments at Alacriti. Here are some of the key points discussed. Jeni Brantner provided an in-depth look into Royal Credit Union’s strategic roadmap towards payment modernization, which began in 2019.
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Jul 19, 2024 | 
cuinsight.com | Kristen Jason
Real-time payments are a critical part of payments modernization. Request for Pay (RfP) is a financial messaging scheme built on the rails of real-time payments that enables billers to initiate real-time payments from bill payees with the click of a button. The request includes all relevant invoicing information, and the payee can pay immediately or at a scheduled time, giving them more control over when the funds are taken from their account.
