Fintech

Virtual Piggy Inc., an alternative payment provider for teens, announced three new members to its board of directors.

Bank of America Merrill Lynch has launched a new user interface for Works, the institution's online program management tool for commercial card clients in the U.S. and Canada.

Less than three years ago, Visa described a financial institution's request to issue EMV-chip cards as "a unique situation" and "not an everyday query." Times have certainly changed.

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

U.S. credit card delinquencies fell in March at Capital One Financial Corp. compared with a month earlier.

Facebook as a lending platform? Shastic has developed just such a solution for Facebook says yes. And it is working with a number of credit unions to do just that.

A bonus session has been added to Credit Union Journal's Grow Show on health insurance exchanges as a potential revenue source for credit unions.

One statement production company says it has developed a new platform that will allow credit unions to more efficiently manage and target their marketing efforts, while saving money on postage and paper.

Despite the abundance of portable card readers, the sales pitch is often the same: it's for babysitters, gardeners, flea market sellers and other small merchants. Payleven says the market can be much bigger.

LevelUp's partnership with Chartwells Higher Education Dining Services could expand the mobile payment system's presence in the Midwest, a region that has received less attention from startups than San Francisco and New York.