Fintech

TINTON FALLS, N.J. – United Teletech Financial FCU is posing a challenge to members for the second year in a row – to save $1 million in interest expense this summer.

Discover Financial Services' Pulse electronic funds transfer network will use Hewlett-Packard's Converged Infrastructure to increase its transaction processing capacity, HP announced earlier this week.

LevelUp is eliminating one of the fees merchants pay to accept cards through its mobile-payment system, which uses QR codes to access pre-enrolled debit or credit cards when shopping.

WASHINGTON – The Partnership FCU, formerly FDIC Employees FCU, was approved by NCUA to expand its field of membership to serve 7,000 employees of Fannie Mae and Freddie Mac in Washington, Philadelphia, Atlanta, Chicago, Dallas and Pasadena, Calif.

More than 6,500 cabs will receive payment systems integrated with driver and passenger information tablet displays under a five-year contract awarded to VeriFone Systems Inc. by the District of Columbia Taxicab Commission, the terminal maker announced July 11.

Perhaps MasterCard Worldwide may have acted too swiftly in dropping its MoneySend funds-transfer service. Consumers queried recently listed MoneySend among the top five mobile-payment services they had used.

JCB International do Brasil Representacão Comercial Ltda. began operations in São Paulo, Brazil, on July 1, JCB International Co. Ltd., the international operations subsidiary of Japan-based JCB, announced July 11.

WYOMISSING, Penn. – Utilities Employees CU has signed with SWBC Investment Services to offer its members broker-dealer services.

JPMorgan Chase & Co. is expanding the availability of its new Liquid prepaid card to all 5,500 branches across the U.S., the bank announced July 10.

Bipin C. Shah is credited with pioneering ATM networks, 24-hour ATM service, payroll debit cards, debit at the point of sale, cash-back with debit cards and pay at the pump. These days, he’s focusing his creativity on merchants.