Fintech

SPRINGFIELD, Mo. – CU Community Credit Union here has received a $30,000 grant from the Federal Home Loan Bank of Des Moines’ Urban First-time Homebuyer Fund – and the credit union said it will distribute $3,000 to 10 eligible homebuyers to help them make down payments on a home.

It was inevitable that Gen X consumers would overtake Baby Boomers as the generation most often using credit cards. But their habits may leave card brands unsure of how to develop products for even younger consumers in the future.

Fair Isaac spotted a spike in U.S. credit card fraud taking place online, by mail and over the telephone.

To make up for some of the shelf space it could soon be losing at big-box retailers, Green Dot is partnering with student lender Sallie Mae to market a prepaid card to students who do not have a traditional bank account.

First Financial Federal Credit Union of Maryland has signed a new long-term agreement for First Data's Star Network to provide PIN-debit point of sale and ATM access to its cardholders.

A Pennsylvania-based start-up is working to expand the availability of local merchants' gift cards through software that makes virtual versions for online use. The goal is to open traditionally local sales to the rest of the country.

Nearly a third of acquirers surveyed still view mobile payments as a threat.

OMAHA, Neb. – With five months left in the year, the Save-To-Win program has helped Nebraska credit union members save more than $1 million, according to the Nebraska Credit Union League.

ST. PAUL, Minn. – Saying it is seeking to strengthen credit unions’ ability to accept public deposits, the Minnesota Credit Union Network’s Network Service Corp. has entered into a partnership with American Deposit Management, which provides treasury services.

U.S. gasoline demand rose 1.9% last week as prices at the pump jumped to a 13-week high, according to data from MasterCard Inc.