Fintech

GREAT FALLS, Mont. – Sixth-grade students at Roosevelt Elementary School learned important financial lessons last week while a local foundation staked them to their first savings accounts at Montana FCU.

Transaction aggregation eventually could save the vending-machine industry from the ravages of the Durbin amendment to the Dodd-Frank Act, according to one processor of electronic payments from vending machines.

HUNTSVILLE, Ala. – Redstone FCU announced the formation of Redstone Consulting Group, LLC, for the purpose of offering business solutions to credit unions and banks.

The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year, with more than 14.5 million credit cards in circulation, according to a new research report released late last month by Russia’s Tinkoff Credit Systems bank.

ORLANDO — Don't call MasterCard a one-trick pony, says chief product officer Timothy Murphy.

ORLANDO — Banks eyeing growth opportunities in prepaid cards could get a big boost from the development of remote deposit capture technology for the general purpose reloadable card market, industry experts contend.

American Express Co. has found a novel way to reach college students with prepaid cards--through books.

FORT WAYNE, Ind. – 3Rivers FCU has signed with CUSO Financial Services to offer the company’s dual program.

ORLANDO — Some banks are missing out on a large opportunity to offer prepaid cards to potential customers who don't qualify for traditional checking accounts, according to data from prepaid specialist The Bancorp Inc.

JPMorgan Chase & Co. is marketing its new prepaid card, Liquid, as an alternative to a bank account, but its underlying terms make clear that it's more of a complement to one.