Fintech

Credit unions are certainly feeling ROA pressure today, which prompts one person to ask if enough CUs have plans in place for creating alternative revenue sources.

Strategic planning for 2013 needs to focus on strategies to better use member data, improve the governance model, and make more effective decisions about core competencies, according to Shazia Manus, CEO of The Member's Group.

FORT WAYNE, Ind. -- Fort Financial CU and Financial Members FCU, based in nearby Auburn, Ind., have received regulatory and membership approval to merge.

TAMPA, Fla. – GTE FCU, the $1.5 billion credit union chartered during the great Depression, is shedding the “credit union” in its name to become GTE Financial as part of a rebranding campaign.

Sites like Groupon have captured consumers' attention and loyalty in a way that credit card issuers often dream of. A few savvy payments companies have found ways to benefit from the daily-deals fad.

Mexican bank Banamex this week launched the initial phase of the first major countrywide contactless-payment rollout that includes the issuance of 100,000 contactless credit and debit MasterCards and the deployment of several thousand terminals to 1,900 merchants in Mexico City.

As we transact, we give life to the inner "rock star" or "accountant" in us, says Brett King, chief executive of mobile finance start-up Movenbank.

Trying to figure out Apple's intentions with mobile payments based on the technology giant's patent approvals is akin to assembling Ikea furniture without instructions. Some parts clearly fit, others not so much.

Transaction processor Vantiv plans to offer its new Mobile Accept card reader to help brick-and-mortar merchants handle payments outside their stores — without paying more than they do for in-store payments.

American Express will offer its reloadable prepaid cards on Walgreens shelves by the end of the week.