Fintech

This story has been updated from its original version with additional information.

SAN FRANCISCO–Cash isn't just some crude means used by the unbanked; affluent bank customers use it as well. To encourage spending among banked consumers, PayPal Inc. is expanding the ways consumers can fund their accounts with bills and coins.

Bethpage (N.Y.) Federal Credit Union says an employee accidentally exposed personal information from 86,000 of its members’ Visa debit card accounts on the Internet, the issuer announced June 12.

NEW YORK – A state court has agreed to a request made by credit union taxi medallion lenders to temporarily block implementation of a city law that would vastly increase the amount of taxis to the detriment of those already financed by credit unions.

The personal information of certain merchants may have been exposed in addition to the consumer data breach Global Payments reported in March, the processor said June 12.

LINTHICUM, Md. – State Employees CU, Maryland’s second-largest credit union, has received approval from NCUA and state regulators to acquire Anne Arundel County Employees FCU, an $82-million credit union based in nearby Annapolis, Md.

TREVOSE, Penn. – TruMark Financial CU has implemented broker/dealer services and back office support from CUSO Financial Services.

Apple Inc.'s failure to include a mobile-payments play in its latest batch of new technology has reignited the discussion of whether Near Field Communication's role in developing a mobile-payments ecosystem has been overhyped.

MidFlorida Credit Union has contracted with Western Union to offer its members global funds-transfer and expedited bill-payment services across its 30 branches, the third $1 billion-plus credit union to sign with Western Union in the past two weeks, MidFlorida announced June 12.

GREENWOOD VILLAGE, Colo. – Bellco CU has signed a two-year sponsorship agreement with Cherry Creek Fresh Market, which describes itself as a family-friendly, farmer-owned and operated farmer’s market in Denver.