February 22, 2021 – Minnesota’s second-largest credit union just completed reissuing new, contactless card technology for more than 209,000 cards used by its 218,000 members. Since July, Affinity Plus Federal Credit Union (Affinity Plus) has invested $1.5 million in contactless card technology to safety and security for members amidst the COVID-19 pandemic.
“We strive to be a leader in bringing convenient, secure payment experiences to our members,” said Nic Peterson, Vice President of Payment Systems and Card Services, Affinity Plus. “Contactless card technology builds a better experience by offering a faster, more secure transaction. This has been critical during the pandemic as contactless cards allow for less contact with cashiers, payment terminals and ATMs, making it safer for our members.”
Benefits of contactless card technology include:
- Safety of the Cardholder: Transactions at checkout take less time and allow for a quick tap or hover over the terminal, meaning less physical contact and less potential for transmitting germs.
- Security of Account Information: Each transaction uses a one-time code to ensure safe payment and keeps your information safe from fraud. Because they don’t make physical contact, cards are more difficult to read or copy illegally. Each payment is initiated by the merchant, so cardholders cannot accidentally pay if they are near the terminal or tap the card more than once.
January 29, 2021 — Minnesota Department of Commerce reminds regulated firms of customer obligations and investors about risks of stock price volatility
The Minnesota Department of Commerce today called on financial management firms, financial advisors and other regulated entities to ensure that investor protection obligations are being met during recent price volatility in shares of certain publicly traded companies.
“Regulated entities have an obligation to their customers. Commerce will work with fellow regulators to ensure that investor protection, fairness and transparency are upheld in the public securities markets,” said Maxwell Zappia, Commerce Deputy Commissioner of Financial Institutions. “We are closely monitoring this developing situation and will examine actions by online brokerages and others to ensure that they are in compliance with their client obligations.”
The Department of Commerce also cautioned investors about the risks associated with investing in publicly traded companies that are experiencing volatility. Investors should understand their risk tolerance when considering such investments.
The Department of Commerce has more info more here: Investor education materials.
Jessica Looman takes reins as commissioner; Rothman steps down after 7 years
Nov. 17, 2017 — Jessica Looman is appointed to serve as Commissioner of the Minnesota Department of Commerce. Beginning Friday, Nov. 17, Commissioner Looman succeeds Commissioner Mike Rothman, who announced the same day his plans to step down after seven years of service.
SJU Student-Run Credit Union Branch Provides Hands-On Experience
April 22, 2015 – Collegeville, Minn. – The Collegeville Community Credit Union is a perfect example by having the first student-run branch on a university campus in Minnesota. The branch location is small (Only 120 square feet) but President Mark Douvier says it provides a convenient location for students.
Free Paper Shredding Events Throughout Twin Cities in April, May
April 7, 2015 – It’s tax time. Purge your piles of sensitive data in a hurry instead of feeding a personal shredder two sheets at a time. Now through May, there are plenty of free or low-costshredding options in the Twin Cities.
Student-Run Credit Union Branch Adds Access, Experience
November 16, 2014 – Collegeville, Minn. – The “office” where Nico Marusco works isn’t really an office at all. It’s more like a wooden counter that separates a 120-square-foot space from the surroundings outside the St. John’s University Bookstore in Sexton Commons.
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