Fintech

Google is adding a Chrome Wallet App to allow payments within apps that run in Google's Chrome browser.

NEW YORK – Visa and MasterCard filed suit Friday against several of the nation’s biggest retailers seeking a declaration that the fees they charge merchants for credit card transactions do not violate antitrust law, potentially adding significant costs to credit unions and banks which would pay for the landmark $7.2 billion settlement.

Indiana's Centier Bank has triggered a new source of payments volume by giving consumers new debit cards in three minutes.

Visa's hiring of former JPMorgan Chase executive Ryan McInerney to be its new president maintains the card network's bond with the top-tier bank.

Arizona FCU received a lot of attention recently when it introduced a $3 monthly membership fee recently, but one person believes more credit unions will follow.

Investment and insurance brokerages have two significant advantages over other income streams for credit unions, according to Hendrix Niemann, managing director of practice and wealth management services for CUNA Mutual Group's CUNA Brokerage Services.

Credit unions are already armed with the data they need to improve their bottom lines, but Theresa Benavidez, president of Corelation, says too few recognize what they have.

Credit unions can boost their bottom lines by transforming their websites from "brochure-ware" into "e-commerce ecosystems," says Jeff Chesky, chairman and CEO of Insuritas, a provider of outsourced insurance agencies.

Given the dearth of non-interest income sources, and with investment income at all-time lows, Jim Merrill noted credit unions' primary bottom line booster remains lending.

Mortgage origination provides credit unions with important fee income, brings interest-earning potential, and ultimately builds membership loyalty, reminded Linda Clampitt.