Fintech

Sunrise Banks, based in Saint Paul, Minn., has never shied away from issuing an experimental prepaid card in its mission to help the underbanked find financial stability.

Overall consumer credit in the U.S. jumped $13.8 billion in June even as revolving debt, primarily credit card spending, fell by $2.7 billion. That drop followed a $6.4 billion jump a month earlier, the largest of the year, according to Federal Reserve figures.

Russell Simmons is playing the part of a doorman and a cab driver in new TV ads for his prepaid RushCard, which is undergoing a rebranding this year.

Nicolas Huss will be the president and CEO of Visa Europe, replacing Peter Ayliffe, who is leaving the post in October.

EDWARDSVILLE, Ill. – Scott CU, located a 15-minute drive from St. Louis, announced a three-year partnership yesterday with the St. Louis Rams football team that includes TV and radio commercials, spots on the scoreboard at the Rams’ Raymond James Stadium and the Rams’ weekly TV show, a presence on the Rams’ website and a number of community events.

MENLO PARK, Calif. – Tyco FCU, the $103-million credit union for Tyco International, has changed its name to Reach FCU as an outreach to remote members.

As mobile wallets expand their services, they more closely resemble full-fledged bank accounts. And PreCash Inc. says it can do at least one job better than banks do today.

Cardtronics' purchase of Cardpoint Ltd. in Europe helps the Houston-based ATM operator expand into more of the U.K. and enter Germany, two countries whose populations rely more heavily on cash.

Wells Fargo & Co. will tie up with American Express Co., the world’s biggest credit card issuer by purchases, to offer cards accepted on American Express’s network of merchants.

CenPOS has integrated Ingenico terminals into its could-based payments platform, a move that's designed to enable both mobile payments and EMV-chip card acceptance at automotive dealerships and other specialty merchants.