Fintech

Brandon Michaels, president and CEO of $476-million Mazuma Credit Union, believes if an organization does not get culture right, "nothing else matters."

When $476-million Mazuma CU had nine positions to fill, it wanted to let potential applicants know exactly what they were getting into-as it does not regard itself as having the "typical banking environment."

Zeevex, which sells stored-value cards for online purchases, has added a gift card exchange.

GREENSBORO, N.C. – Summit FCU has introduced a promotion aimed at helping members transfer loans from high-cost predatory lenders to the credit union.

LANSING, Mich. – A member of Lake Trust CU is the winner of MasterCard’s 2012 Priceless New York Sweepstakes and he and his wife will enjoy a four day, three night trip to New York City, as well as a show, dinner, guided tour, a $2,000 MasterCard gift card and $7,500 cash--all valued at $22,500.

EBay and its payments subsidiary PayPal are aggressively mining consumers' spending data, which they say is vital as shopping expands across mobile, online and physical shopping channels.

OLYMPIA, Wash. – Legislation that would allow state chartered credit unions to pay their directors has moved through the Senate and is advancing towards a vote in the House, as credit unions around the country look for new ways to recruit members of their boards.

Acculynk's PaySecure will soon allow China UnionPay debit cardholders to make online PIN purchases at U.S. merchant websites.

SEATTLE – Six credit unions have joined to offer $5,000 monthly prizes and a $5,000 annual prize for the state’s Save To Win lottery, the fourth state to offer the savings contest.

UK-based JarStar Inc. is taking a feature of some debit cards and applying it to cash.