Fintech

DOWNEY, Calif. – Financial Partners CU has launched its social media presence on Facebook (facebook.com/FPCUca) and Twitter (twitter.com/FP_CU).

FRANKFORT, Ky. – Commonwealth CU has contracted with INVEST Financial Corp. to provide its members with brokerage and investment services.

GRAND RAPIDS, Mich. – A retired Grand Rapids police captain was greeted by the Michigan CU League’s “Prize Squad” with a $10,000 check this morning, as one of 10 of this week’s grand prize winners of the Save to Win savings sweepstakes.

For the processor Total System Services, buying the prepaid card marketer NetSpend is transformational. For NetSpend it's going to be business as usual, the companies say.

The Payment Card Industry Security Standards Council has published its latest data security guidance for merchants accepting payments with smartphones or tablets.

By any measure, a 60-user rollout is small. But it gives MasterCard Inc. a MasterCard Mobile Wallet test that touches many Coles supermarkets across Australia.

KEARNEY, Neb. – An Eaton Corp. retiree and his wife were named winners of the Nebraska CU League’s first Save to Win savings sweepstakes, a $25,000 grand prize.

LATHAM, N.Y. – Sunmark FCU said this morning it signed with Elan Financial Services to offer a full suite of Visa card products with newly enhanced bonus rewards options, including cash back, merchandise, gift certificates as well as travel rewards to its 45,000 members.

Citigroup Inc. has entered an agreement to buy the Best Buy private-label card portfolio, which has about $7 billion in loans, from Capital One Financial Corp. Citi has also agreed to issue and manage new Best Buy-branded cards in the U.S.

Coinbase makes it simple to buy and sell bitcoins via a bank account, but plays only to the low-fee, frictionless nature of Bitcoin and fails to leverage its unique privacy aspects.