Fintech

In the latest deal of its kind, Landmark Credit Union has agreed to acquire Hartford (Wis.) Savings Bank, a troubled, $190-million institution.

Navy FCU, the nation's largest credit union, has run ads during local football broadcasts before, but its foray into "Monday Night Football"-consistently one of the highest-rated programs on television-is its first attempt at a national TV ad campaign.

Northern FCU here has altered its pricing structure, eliminating more than half of the fees members can be charged.

WASHINGTON – Retail groups that beat the banks in last year’s battle over debit fees will argue in federal court tomorrow that the Federal Reserve didn’t go far enough last year when it set the caps required by the Durbin Amendment and that the allowed fees collected by credit unions and banks on debit transactions should be billions of dollars lower still.

Mobile wallets promise simpler payments, but the road to get there has been bumpy and, quite often, bizarre.

The date for U.S. merchants to start benefiting from preparing early for EMV smart card technology at the point of sale lurks next week. Unfortunately, the future of payments technology won’t come into clearer focus for merchants that quickly.

New players are disrupting the established order and taking market share from independent sales organizations. This rapid pace of change in payments may drive many ISOs out of business, speakers said at an industry event.

Bankers “wake up in the middle of the night” worrying about data breaches in the U.S. payment system, a Citigroup executive said this week.

Spire Payments will partner with technology investor Newland Computers in developing future products and rolling out a new line of point-of-sale terminals.

BETHPAGE, N.Y. -- Bethpage FCU, New York’s largest credit union, announced this morning it is partnering with Long Island Press, one of the nation’s largest weekly newspapers, for the award-winning Best Of Long Island competition, naming best restaurants, best beaches, and best local brands, among other things.