Fintech

The U.S. District Court for the Middle District of Florida has temporarily shut down Innovative Wealth Builders Inc. (IWB), which allegedly operated a credit card interest rate reduction scam.

ST. PAUL, Minn. – In an unusual transaction, Affinity Plus FCU said this morning it has agreed to acquire the local branch and 4,300 member accounts of Illinois-based Oak Trust CU.

Ingenico SA, a French provider of payment terminals and services, agreed to buy online-payment company Ogone for 360 million euros ($484 million) as part of a push to expand outside Europe.

BETHPAGE, N.Y. – Bethpage FCU is organizing 150 IRS-certified volunteers, including bilingual tax preparers, to help low-income New Yorkers prepare and file their 2012 income taxes at 12 of its Long Island branches.

NEW BERLIN, Wis. – Fast-growing Landmark CU, just off its fifth merger in the past two years, has agreed to acquire Badger Campus CU, a $13-million credit union that formerly served employees of the University of Wisconsin and several of its offshoots.

Diebold's board of directors has negotiated the departure of another high level executive, according to an SEC filing released Monday. Last week, the North Canton, Ohio, company's chief executive Thomas W. Swidarski stepped down from his positions as president and CEO and resigned from the company's board.

There's too much at stake this year not to aggressively promote debit cards to members, asserts CSCU.

evolve FCU here is creating a group of young adult "brand ambassadors" to help increase awareness of the credit union in the community.

Lost among all the talk of growth strategies credit unions are or should be implementing is the fact CUs in some areas of the country are simply striving to eke out a small net income.

2013 will most likely be a "mixed year" for $7.9-billion The Golden 1 Credit Union, but it will be an improvement from 2012.