Fintech

WASHINGTON – The House easily approved a bill July 9 that would eliminate the requirement for the on-machine second fee disclosure at ATMs, the source of a growing number of legal claims against deployers of the machines.

Marketers of open-loop prepaid cards appear to have finally figured out how to promote their products to consumers. But government agencies and corporations also appear to be playing a key role in getting more of the cards to the masses.

Overall consumer borrowing rose by $17.1 billion in May from April, the Federal Reserve reported Monday.

LATHRUP VILLAGE, Mich. – Michigan First CU and RewardsNOW announced this morning they have developed a new rewards program that provides incentives for cardholders to purchase Michigan-made products and services or visit popular Michigan destinations when they redeem points.

SAN JOSE, Calif. – Alliance CU is offering a $60 Visa gift card to any members who refer a friend for a new loan or line of credit – part of its 60th anniversary celebration.

BADEN, Penn. – Ambridge Area FCU had an online contest at its Facebook page in an effort to reach the younger generation.

The tom-toms are beating louder for action among issuers, merchants and processors in the U.S. migration to EMV smart card technology.

John Cassidy, president and CEO, Sierra Central Credit Union and Dan Sutton, COO of Kemba Credit Union share their thoughts on what has driven growth for their operations.

SouthPoint FCU here has seen increased member satisfaction and a rising number of products-per-member since instituting its Service Points of Excellence program.

At first, Google seemed to have all of the necessary ingredients for a mobile wallet and Isis had the uphill climb of convincing banks to agree to a system designed by a group of telcos. Isis now has several top banks firmly behind it, but it faces many challenges as well.