Fintech

BELEVUE, Neb. – SAC FCU said this morning it has repurchased its Visa cards portfolio from Bank of America, joining the growing list of credit unions reentering the cards market, after exiting a few years ago.

U.S. credit card charge-offs ticked up in April, but Moody's Investors Service experts say it is merely an aberration in the general downward trend.

BillMyParents is working with Extole to promote the SpendSmart card for teens. BillMyParents' card provides parents with real-time notices of teens' purchases and allows parents to shut off the card's ability to transact.

ORLANDO, Fla. – State regulators have approved an application from Insight CU to add 250,000 people in six small Florida counties to its field of membership: Dixie, Levy, Gilchrist, Columbia and Suwanee.

MasterCard today made the first move to begin talking with rivals and customers about how exactly the U.S. will adopt the EMV chip-card standard.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

Green Dot said Monday that it has signed a new multi-year distribution deal with Dollar Tree and extended its contracts with other partners.

The Indian Railways is proposing the introduction of a universal smart card ticketing system it contends would make it easier for rail passengers to secure tickets and pay for rides.

After a lull in ATM expansion in India, public-sector banks now are planning a concentrated and collaborative push to deploy nearly 60,000 machines across the country over the next two years.

Plastic Jungle Inc. likes the idea of letting other companies help promote its gift card exchange service.