Fintech

CO-OP Financial Services hopes the model used in one of the oldest staples of credit union cooperation, the shared branch, can drive new digital commerce innovation such as person-to-person payments.

The Federal Trade Commission recently mailed 70,511 refund checks to consumers who lost money to a scheme that allegedly sold bogus "platinum" credit cards and illegally debited consumers’ bank accounts.

Visa Inc.’s board of directors named Robert W. Matschullat as independent, non-executive chairman of the world’s largest payments network.

CHANTILLY, Va. – Justice (Department) FCU has spread its wings from this Washington suburb and opened two Georgia branches, after acquiring Georgia Department of Public Safety CU.

HARRISBURG, Penn. – The Pennsylvania CU Association is teaming with the Pennsylvania Cable Network on a four-part series on financial education.

MADISON, Wis. – The National CU Foundation is offering $125,000 in Biz Kid$ Financial Education Grants to fund innovative programs that extend the reach of public TV’s Biz Kid$ program.

MARLBOROUGH, Mass. – St. Mary’s CU said this afternoon it hired James Garvey, the president of Borel Private Bank and Charter Private Bank, as president and CEO of the $600-million credit union.

Fraud losses on U.S. credit and debit cards, after years of decline, now appear to be on the rise again. And one key culprit, according to experts, is this country's slow adoption of technology that will improve security.

Mobile banking is the wave of the future. It's also the future of everything from Google's Wallet to Jack Dorsey's Square to eBay's PayPal. How long mobile payments will remain largely a technology of the future — and how quickly they'll become part-and-parcel of the here-and-now — depends largely on how quickly consumers make them their own.

Visa and Citigroup, working with the Center for Financial Inclusion at Accion, plan to connect governments, NGOs, the private sector and others to advance global financial access by the end of this decade. Their Financial Inclusion 2020 campaign aims to do this by increasing access to credit, savings, payment tools and insurance for people all over the world.