Fintech

MoneyGram won a judge’s permission to pay $10 million to settle a 2011 shareholder lawsuit over a company recapitalization plan.

Plastic cards or mobile phones remain popular devices for contactless payment technology developers, but the human wrist is not far behind.

Capital One knows how to integrate big bank purchases. But in the era of the Consumer Financial Protection Bureau, it’s facing new challenges as it swallows ING Direct and HSBC’s credit cards.

Many in the industry are starting to catch on to the concept that payments, while a critical foundation for mobile wallets, are taking a back seat to the sexier consumer-facing digital coupons, loyalty programs or targeted promotions through a mobile phone.

SHREVEPORT, La. – Shreveport FCU collaborated with the City of Shreveport Department of Community Development on the new Jewella Whitehouse Financial and Business Empowerment Center, which opened here last week.

WASHINGTON – From the latest technology for ATMs to mobile banking and remote deposit capture, more than 300 credit union executives marveled like kids in a candy store at the offerings at this year’s annual BAI Retail Delivery Conference here where more than 1,000 companies are showing their wares.

Heartland Payment Systems continued its mobile payment advancement, recently taking its Mobuyle card reader and software to Apple iOS mobile devices.

To cut the bank’s operating costs at branches, NCR is providing software to SunTrust to allow the bank to receive digital check deposits from multiple remote locations through one channel.

The LevelUp mobile payment system, best known for providing free incentives to consumers and free payment processing to merchants, picked up 4,000 merchants and 300,000 end users since its July 2011 inception. But with so much being given away for free, is there a future for the startup once its new clients become regulars?

HERNDON, Va. – Northwest FCU Foundation has granted 26 college scholarships worth a total of $115,000.