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Consumer Credit

LendingClub President On Credit That Builds Savings

High-interest credit card rates can put up major roadblocks to consumer savings — with impacts on consumer spending and payments. LendingClub President Steve Allocca, fresh off the company’s Tuesday (June 18) announcement to extend balance-transfer options to more borrowers, talks with Karen Webster about how tech can pave a path to savings goals, and help more consumers regain their financial health.

Fraud Protection

How Mobile Card Services Turn Location Into Loyalty

Location matters in real estate. It also matters when protecting credit cards against compromise. As Ondot CEO Vaduvur Bharghavan tells Karen Webster, location matters, too, when targeting consumers with relevant merchant offers — even at the onboarding level. Here’s why location-enabled card services benefit everyone, from merchants to FIs to consumers.

Cryptocurrency

The World Gets Its Libra Look — And Is Divided On What It Sees

The world has gotten its first look at Libra, Facebook’s cryptocurrency/blockchain global payments network intended to make the “internet of money” a reality. Just about everyone — regulators, lawmakers, analysts and crypto-enthusiasts — has an opinion about what they saw. We bring the highlights of who said what, and who had nothing to say at all. Here’s our look.

Social Data’s Impact On CU Member Personalization

Whether they're approving loan applications or targeting products and services, credit unions (CUs) are increasingly relying on data analytics to make everyday decisions. Yet, looking at financial data alone doesn’t always paint the full picture, says Tony Hildesheim, chief information officer of Redwood Credit Union. In this month’s Credit Union Tracker, he discusses why it's crucial to tap into members' social data to get a more complete view of their financial needs.

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