Fintech

DURHAM, N.C. – Self-Help FCU, which agreed earlier this month to buy 1,100 mortgages originated by the Second Federal Savings and Loan, said yesterday it is also buying the deposits and remaining banking operations of the failed bank.

NCR Corp., a supplier of automated-teller machines and payment systems, has agreed to buy Retalix Ltd. for about $650 million, gaining software and services used in supermarkets.

As if the emerging mobile payments market isn’t complicated enough, new research indicates banks and retailers are rarely on the same page as consumers in terms of how they view new payment technology.

NEW YORK – Federal Judge John Gleeson ordered merchants favoring the proposed antitrust settlement in the Visa and MasterCard suit to tell him by Thursday why he should not stay a final ruling in the case while objectors to the landmark deal appeal portions of his preliminary ruling.

SmartyPig is working with The Bancorp in an effort to resell its consumer savings goal-setting technology to the prepaid card companies and proxy banks that use The Bancorp as a means of storing cash.

Online spending rose 17 percent on the Monday after Thanksgiving, one of the busiest days of the year for Internet retailers, as tablets and smartphones let customers shop anytime and anywhere. EBay mobile sales volume more than doubled on Cyber Monday, compared with the previous year, and PayPal payment volume nearly tripled.

The Payment Card Industry Security Standards Council's participating organizations voted that third-party security assurance and best practices will be the two key areas for the PCI special interest groups to study in 2013.

EAST LANSING, Mich. – Two small businessmen won a $25,000 grant through Michigan State University FCU’s startUP Challenge to help get their new business off the ground.

A JPMorgan Chase branch on Chicago's North Side joins about 100 others that let customers use special kiosks as an alternative to waiting in line at the teller window.

WOODBURY, Minn. – Postal CU is awarding $1,000 a week this holiday season in cash prizes for members who use their debit cards.