Fintech

Retailers should determine how new mobile payment systems will work within the structure of their business, rather than fret over the specifics of the technology, says Jamie Henry, senior director of payment systems at Wal-Mart Stores Inc.

ERIE, Penn. – General Electric Co., whose name once blazoned across more than two dozen credit unions, has directed Erie General Electric FCU and two other credit unions in Ohio and Connecticut, to stop using the GE moniker.

NORTH CHARLESTON, S.C. – NCUA has granted $50,000 to three South Carolina credit unions, Health Facilities FCU, Greenwood Municipal FCU and Spartan FCU, to fund a collaborative effort to develop a talent management system.

American Express has promoted Edward P. Gilligan to the role of president, the company announced April 15.

Bank of the West's mobile app now includes a subtle feature that could have a substantial effect on its customers' payment habits.

Banks are in an ideal position to develop a mobile wallet that could survive in a market that is otherwise "a hodgepodge of various wallets looking to stake a claim in banks' traditional payments industry stronghold," according to a new mobile wallet report from Mercator Advisory Group.

CHARLOTTESVILLE, Va. – University of Virginia Community CU has joined four local banks in new program to provide affordable banking products, called “BankOn Greater Charlottesville.”

MADISON, Wis. – A team of young credit union professionals working with the Filene Research Institute has created a deposit account that would allow up to five friends to add equally to a joint savings account through automatic payroll distributions.

American Express, in naming Edward P. Gilligan as president, rewarded the executive's three-decade career with the company and filled a spot that was vacant since Alfred Kelly left the position in early 2010.

JPMorgan Chase kicked off the first-quarter earnings season by announcing record high profits of $6.5 billion, but the results did little to boost investor confidence in bank earnings or ease scrutiny of the bank's business.