Fintech

ALEXANDRIA, Va. – NCUA on Friday reported it has approved an application from Ohio Catholic FCU in Akron, Ohio, to serve 1.3 million parishioners, students and employees in Catholic churches in Columbus, Steubenville, Youngstown, Toledo and Cincinnati, one of the biggest faith-based expansions ever granted.

MONROE, Mich. – Residents paying water bills, parking tickets, recreation program fees and other in-person payments to the city now must visit the Monroe County Community CU branch in city hall to do so, instead of the nearby clerk-treasurer’s office, as a result of an outsourcing contract with the credit union.

Alternative digital payments for the on-the-go consumer go well beyond the standard fare of Near Field Communication chips and QR codes. Here’s a look at some of the most imaginative mobile payments options devised.

U.S. consumers have yet to regain their appetite for revolving debt, a trend that's leaving credit card issuers hungry for profits.

If there's a sliver of good news to come out of the data breach affecting an estimated 2.4 million payment cards at St. Louis-based Schnucks grocery store chain, it's that the card data didn't come attached to a loyalty program.

Utimaco Safeware on April 23 plans to launch new security technology that uses open development techniques to protect parts of payment transactions.

ACI Worldwide's Money Transfer System successfully processed about 15 million transactions per hour during tests of various end-to-end payments processing scenarios, the company said April 18.

First Data is offering a new way to set up its card management technology, VisionPlus, to reduce cost and the upfront work of deployment.

Because consumers are using mobile devices to check product prices or seek cheaper prices online, merchants need plans in place to move consumers to fast checkout and payment inside stores, says Peter Lin, program manager for mobile commerce for Sears Holdings Corp.

The simple act of using the mobile phone to make a payment opens up an entire new world of commerce, says Brian McCabe, vice president of day to day banking at Scotiabank. Mobile payment tech is advancing quickly in Canada, and the Toronto-based Scotiabank is building out its strategy.