Fintech

The Mountain West CU Association is in the process of assembling a small credit union task force, making it the latest state league to revamp its programs aimed at assisting small CUs.

Credit union: know thyself. That is the message from Tony Ferris, managing partner for Rochdale Group, who said that as the 2014 strategic planning season nears, the CUs that are "truly making progress" in current market conditions are those that are taking a "hard look" at their own capabilities.

A cooperative business model brings CUs competitive advantages over banks when it comes to setting strategic direction, according to the Institute for Strategic Learning.

BROCKTON, Mass. – Crescent CU has applied to Massachusetts regulators to add Boston and surrounding Suffolk County and its 750,000 residents, plus five counties to its south in Rhode Island, to its field of membership.

EMV chips improve security over magnetic-stripe cards, but they have not been easy to implement. Years ago, a Forrester analyst said "the U.S. is going to adopt EMV in about the same way the U.S. adopted the metric system — somewhere between kicking and screaming and not at all." What have been the biggest hurdles?

MasterCard Inc. has launched its first debit card in Latin America for high-income customers.

Google reportedly plans to discontinue allowing consumers to use its mobile wallet for contactless loyalty and gift card redemption, the latest in a series of changes since Google Wallet's launch.

MORGAN HILL, Calif. – A San Jose man was arrested in his car in front of a Safeway here yesterday after he used one of 30 fake credit cards at the supermarket, most of them issued by Star One CU or Travis CU.

HIGHLAND RANCH, Colo. – Red Rocks CU has applied to state regulators for a community charter serving 1.4 million residents of Arapahoe, Douglas and Jefferson counties.

ATM operators have a lot at stake in the fallout of a federal judge's ruling last week that the Federal Reserve Board needs to review the debit fee caps and network routing mandates set under the Durbin amendment.