Fintech

GLENDALE, Calif. – Glendale Area Schools FCU has signed with INVEST Financial Corp. to provide its members with brokerages and investment services.

LOUISVILLE, Ky. – Ben Rhodes, a 16-year-old NASCAR race car driver on the rise, has signed an endorsement deal with Park Community FCU.

SANTA ANA, Calif. – SchoolsFirst FCU, with $9.4 billion in assets, will pick up three branches in suburban Los Angeles with the merger of All Valley FCU, a one-time $95-million teachers credit union that NCUA designated as in poor financial condition.

PLYMOUTH, Mich. – NCUA on Friday said it approved Community Financial Community FCU’s bid to convert to a state charter serving almost 6 million people in 23 Michigan counties, the broadest community charter ever granted a credit union.

Today’s modern payment systems have their genesis in a number of older ventures that plied everything from the Web to biometrics to enable digital commerce. Some are gone, and some have evolved unrecognizably into their current form. Here’s a look.

The 16-month contract extension was signed Feb. 20, just one day after TSYS announced its purchase of NetSpend, one of Green Dot's top rivals.

Until recently, the card network generally prohibited its retail partners from offering special deals to customers that paid with a specific bank's credit or debit card. But Visa quietly lifted the ban on Feb. 1, paving the way for retailers to cut deals with card issuers, according to Visa group president of the Americas William Sheedy.

The chip-and-PIN version of PayPal's Here mobile card reader is set to debut overseas this year, but the splash will be felt in the U.S. as well.

NEW ORLEANS – Four credit unions and three banks have asked a federal appeals court here to overturn a lower court ruling rejecting their claims for compensation in the massive 2008 data breach at Heartland Payment Systems that exposed millions of credit union and bank cardholders to fraudulent transactions.

At the Apple Store, people don't pay the same way they do everywhere else. They swipe cards on mobile devices and accept emailed receipts instead of printed ones. Now that Google is reportedly kicking the tires on a retail store concept, maybe it can do the same, putting Google Wallet in the spotlight.