Fintech

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

University of San Francisco Federal Credit Union here says it has seen strong growth after launching a branding campaign with the help of its student advisory committee.

New data indicates that the surge credit unions reported in new members in the final quarter of 2011 has not only not abated, but appears to be increasing.

McGraw Hill Federal Credit Union has grown loans steadily throughout the recession-17% last year-by focusing on refis and aggressively mining member data for opportunities.

One Nevada Credit Union's latest auto loan promotion has resulted in 500 loan refinances in fifty days, all of which were from former non-members who had their loans with other lenders.

Denali Alaskan Federal Credit Union has agreed to buy 48 Diebold Opteva ATMs to replace older models, the ATM maker announced April 21.

Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?

Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?

The consumer migration to credit unions is part of something larger than just numbers, according to Hope Schau, an expert in consumer behavior patterns and associate professor of marketing at the University of Arizona.

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.