Fintech

ORLANDO — Large banks face some significant challenges in reaching low- or moderate-income consumers with prepaid cards, according to payments expert Tim Sloane.

JPMorgan Chase & Co. is testing a new prepaid card with several incentives designed to connect customers to a bank account.

Dwolla Corp. is turning up the volume on its service touting quicker, lower-cost funds-transfers.

BURBANK, Calif. – Lockheed FCU said today it is changing its name to Logix FCU on July 9, becoming the latest credit union giant to de-emphasize its long-time ties to a major corporate employer.

The Western Union Co. wants to serve small-business owners that have international partners with its new business-payments wallet, the company announced May 7.

A federal judge in Detroit last week gave preliminary approval to a class-action lawsuit claiming AAC Community Credit Union failed to disclose the fees charged to nonmember users of its ATM, an action brought by a prolific local retiree who has traveled the country to file such suits under the Electronic Funds Transfer Act.

Consumer borrowing surged in March by the most in more than a decade thanks to growing demand for student loans and autos.

RANDOLPH, N.J. – Tri-CO FCU said it signed with On Your Way to implement the company’s web portal solution for engaging, educating and retaining Generation Y (ages 18-32) members and prospects.

The Mumbai Metropolitan Region Development Authority plans soon to launch the National Common Mobility Card that will enable commuters in Mumbai to access various public-transport platforms across the city.

The Kindle Fire isn't as capable as Apple Inc.’s iPad, and it isn't as connected as a smartphone. But its mix of price and features makes it well suited to serve the underbanked.