Fintech

Mobile payment provider Payleven is adding two new features to lure larger businesses—the ability to manage multiple chip-and-PIN card readers from a single master account and support for both mobile and stationary printer systems.

If you're looking for Swedish cash, don't go to a Swedish bank. Most of the country's biggest lenders have stopped manual cash-handling services in 65 percent to 75 percent of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.

The retailer-driven Merchant Customer Exchange mobile payments venture is making a lot of noise, though it has yet to reveal its product. But since the final MCX app will interact with those made by its individual retailers, CVS Caremark Corp. can serve as an early example of the venture's potential.

FamZoo says its bundled prepaid cards and online dashboard work as teaching tools, which can bridge a knowledge gap about payments and budgets, particularly among young people.

RICHMOND, Va. – The Virginia CU League and the state’s credit unions have launched a statewide awareness campaign that focuses on social media outlets to educate consumers 18 to 35 about the benefits of banking at credit unions.

FAIRBORN, Ohio – Wright-Patt CU is returning to Columbus a dozen years after leaving the market, with plans to open as many as three new branches in the state capital, one in the next three months.

MARIETTA, Ga. – LGE Community CU has launched a series of what it says are unique TV commercials that feature a talented parrot who sings a “stunning tenor” from the Italian opera Rigoletto.

LANSING, Mich. – Lake Trust CU is the first credit union in the U.S. to deploy MasterCard’s MasterPass digital wallet service.

MoneyGram and First National Bank have launched their first mobile money transfer service in Africa, enabling FNB account holders to send and receive international transfers via mobile devices.

As the Merchant Customer Exchange asserts its position in the mobile wallet market, it emphasizes that the path to a consumer’s physical wallet runs through retailers.