Fintech

NORTH ANDOVER, Mass. – Merrimack Valley FCU will acquire a branch here when it merges $7 million Merrimack College FCU.

DETROIT, Mich. – Detroit Metropolitan CU has picked up a branch in nearby Clawson with the merger of one-time $34 million Clawson Community CU.

DENVER – Bellco CU will have its name replace Wells Fargo atop the Colorado Convention Center’s theatre under a five-year sponsorship deal to be announced Thursday.

The tentative approval of Visa and MasterCard’s proposed $7.25 billion settlement of a merchant fee price-fixing case will be challenged in a federal appeals court, according to a notice filed by objecting plaintiffs in Brooklyn, New York.

The deal to buy FSV would provide U.S. Bank access to a crucial piece of the prepaid market it can do a lot with — the corporate payroll segment.

WikiLeaks lost more than $50 million in potential donations after Visa Europe, MasterCard and American Express blocked payments to the anti-secrecy group, according to its founder Julian Assange.

NEW YORK -- A group of retailers and trade groups filed notice in federal court today stating they are appealing a key component of last month’s preliminary approval of the landmark antitrust settlement with Visa and MasterCard which would bar merchants from bringing subsequent legal claims in the case even if they object to the settlement.

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

BillMyParents, which provides a prepaid card for teens, announced that it has appointed William Hernandez as its president.

A prepaid card has traditionally been the financial equivalent of a short-term romance. Good enough for now, but certainly not something to plan your future around.