Electronic Payments Growth Picking Up Steam, Study Finds

Retail spending via electronic payments grows 6.7% year over year in the third quarter of 2018.

By Tina Orem | February 21, 2019 at 08:30 AM

Consumers turned to electronic payments at a faster pace in 2018, signaling rising trust and confidence in mobile wallets and other methods, according to new data from the Electronic Transactions Association and payments consulting firm The Strawhecker Group.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

Payment Platforms

1 Coastal & Truliant Credit Unions Join Auto Forces

2 Minimum Wage Workers Find It Harder to Meet Rent

3 Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

4 CLF & FOM Expansion Bills Introduced

5 Driving Loyalty Forward: Car Rentals in the New Era of Credit Union Rewards

Insurance
Complex Claims & Litigation Forum 2025
February 24, 2025 - Las Vegas

This conference aims to help insurers and litigators better manage complex claims and litigation.
More Information
GlobeSt. Multifamily Spring 2025
April 01, 2025 - New York

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
GlobeSt. Net Lease Spring 2025
April 01, 2025 - New York

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.
More Information

Nacha’s Proposed Changes Could Stress Payment Systems for CUs

By Michael Ogden | December 16, 2024

Nacha is proposing a fourth Same Day ACH processing window that could be costly for credit unions, officials argue.

Nacha’s Proposed Changes Could Stress Payment Systems for CUs

New Nacha Rules Around ACH Transaction Monitoring Impact Small, Mid-sized FIs – and Fraudsters

By Eric Tran-Le | December 04, 2024

Credit unions need systems that automatically detect suspicious activity and flag it for review.

New Nacha Rules Around ACH Transaction Monitoring Impact Small, Mid-sized FIs – and Fraudsters

First Credit Union in Georgia Launches BNPL

By Natasha Chilingerian | December 02, 2024

APCU/Center Parc CU partners with equipifi to roll out Buy Now, Pay Later for members.

First Credit Union in Georgia Launches BNPL

How to Win Customers in the Modern Marketplace link

Playbook

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /