Fintech

CLOQUET, Minn. – Northwoods CU has agreed to buy a local branch and its deposits from North Shore Bank of Commerce, the latest credit union deal for bank customers.

Credit unions in central Ohio are jumping on a new social media trend-cash mobs.

Many credit unions are following some bad advice when it comes to marketing to Hispanic consumers, and in fact may even be alienating a potentially lucrative sub-population, according to Edward Speed and Lionel Sosa.

Consumers are being more cautious in their use of credit cards — accounts are growing, and overall their balances are down 28% from their peak in January 2009, according to a new report from Equifax.

Merchant acquirer banks using ACI Worldwide Inc. processing software will get some fresh help in managing merchant accounts and handling payment settlements.

Kmart plans to attract a bigger portion of the underbanked crowd by beefing up its walk-in bill-payment and prepaid debit card offerings.

LARGO, Fla. – Achieva CU has applied to state regulators to serve 1 million residents in neighboring Lee and Collier counties.

PayPal is done taking baby steps.

Payments innovations frequently seem to come about from situations where people worry they might not have enough cash on hand for a tip. Years ago, taxis added card readers in part to address this issue, and today, parking valets are experimenting with something similar.

Vantiv is offering Ingenico's new point of sale products in an effort to prepare the industry for the EMV chip-card standard and Near Field Communication technology.