Fintech

FAIRBORN, Ohio – Eight months of saving and trimming household expenses paid off for a Miami Township couple who won $10,000 and $1,500 of closing costs for a new home in Wright-Patt CU’s Savings Race 4.

SAN FRANCISCO–The prepaid card industry has a reputation problem–even within its own ranks.

The use of two-way video for customer service opens up myriad possibilities for branches. Banks potentially could use the technology to reduce branch overhead, to bring service to remote areas, or to provide extra service inside busy branches.

Standalone contactless payment cards may be headed for extinction in the U.S. The tap-and-pay card technology that began to emerge in the U.S. in 2005 never caught fire, as relatively few merchants adapted their payment terminals to accommodate it.

FONU2 Inc. is gearing up to launch a prepaid debit card consumers worldwide may use to pay for local services and goods using a Facebook application on their computers or mobile phones when the company rolls out its online buying-and-selling website.

ST. LOUIS – St. Louis Community CU is partnering with Carrolton Bank on a four-year, $800,000 program that will increase lending, provide greater access to affordable services, and expand financial education to underserved and low-to-moderate income St. Louis communities.

A pending U.S. Supreme Court ruling may shed new light on the issue of whether consumers can sue financial institutions successfully for failing to disclose their ATM fees on the exteriors of their machines.

The Chicago area’s transit authorities are a step closer to a cross-platform open-payment system that will enable riders to use open-loop contactless cards to access buses and trains.

SAN FRANCISCO–It's as simple as snapping a picture.

Some banks are coming out victorious in class-action lawsuits alleging they failed to properly disclose ATM fees on the exteriors of machines because they can prove consumers receive adequate notification through their machines’ on-screen messages.