Bank of America Launches 401k Management Platform for Retirees
More retirees are struggling to stay on top of their finances, which is one reason Bank of America is launching its 401k Pay platform. The platform is designed to help customers convert 401k assets into retirement income. It also includes management features, such as the ability to set up recurring withdrawals from 401k funds. Many […]
As Credit Washing Surges, TransUnion Fights Back
Fraudulent credit activity is on the rise, and it’s costing lenders—and consumers—millions. TransUnion is launching a solution to fight credit washing, a scam in which criminals remove legitimate negative credit data to temporarily boost their scores and secure loans they never intend to repay. Credit washing often involves disputing accurate negative information on a credit […]
The Information Age: How Credit Unions Can Maximize the Impact of Their Data
From transforming member experiences to building a culture of information literacy, data has become a catalyst for innovation at credit unions. New use cases are constantly emerging for organizations willing to explore them, and artificial intelligence will only increase their value. In a PaymentsJournal Podcast, Jeremiah Lotz, Senior Vice President of Experience Design and Enterprise […]