Fintech

Banks and payment card providers would face caps on the transaction fees they can demand from retailers under European Union plans to rein in charges that have been attacked by regulators as anticompetitive.

For the past two weeks, Visa, MasterCard and Discover have been meeting with each other and with regional debit networks to hammer out the business agreements necessary to route debit transactions on EMV-chip cards in the U.S.

STAMFORD, Conn. – Stamford FCU has expanded its field of membership to southern Fairfield County, including the New York bedroom communities of Greenwich, Stamford, Norwalk, New Canaan, Darien, Weston, Westport, Wilton, Fairfield, Trumbull, Bridgeport, Easton, Shelton, Stratford and Monroe.

OTTAWA, Canada – Social media expert and strategist Charlene Li told the World Credit Union Conference here there are seven steps needed to make social media a success in any organization, and that one mistake made is the last one in importance often is the first (and only) step to get attention.

OTTAWA, Canada – A fundamental, cultural shift within First West Credit Union here is helping to chop costs across the enterprise and improve its efficiency ratio.

Alliance Data Systems Corp. reported chargeoffs for private-label credit cards the company oversees were down a tick in June and delinquencies were flat from the year-ago period.

MADISON, Wis. – The Filene Research Institute with Del Norte CU and Dupaco Community CU have launched a new competition among 20 Visa cardholders to study the trajectory of a credit score with a six-month race to see who can improve their FICO score the most.

Prepaid card provider epay has rolled out Google Play gift cards at more than 5,600 food and discount stores in Germany.

OTTAWA, Canada – The “Unite for Good” theme CUNA has created is aimed at CUs in the United States, but credit unions from around the world are being urged to use it, as well.

OTTAWA, Canada – Credit unions in four Atlantic provinces of Canada are in the midst of a significant self-evaluation that could change the way they operate.