Fintech

BillMyParents Inc. made a strong course correction when it chose to abandon its inventive online parent-billing payment system for a more conventional product: plastic cards.

New membership at Spokane Teachers CU (STCU) is up by 50% since September, and a long-term branding campaign translated into membership growth of around 8% last year, pushing the credit union above the 100,000-member mark.

The journey to align U.S. payments processing security standards with those in most of the rest of the world has all the appearances of progress: "inevitable" is the word most often heard in connection to EMV chip card, and MasterCard and Visa have set what seem to be migration deadlines.

Even the most rudimentary mobile functions, such as account alerts, have tripped up many banks, not because of the quality of the data or the technology but because the text didn't fit the mobile device's screen.

Global Payments Inc.’s massive data breach underscores the need for the U.S. to embrace the EMV standard without delay, at least one chip card proponent contends.

Cardtronics Inc. has entered into a series of agreements intended to stabilize the interest rates it pays on the $1.3 billion in constant vault cash it rents to stock the ATMs it owns.

Yodlee Inc. has added money movement and risk mitigation capabilities to its personal financial management system.

American Express Co. has begun removing its nonreloadable prepaid gift cards from shelves in New Jersey because of a law that requires retailers to collect ZIP codes from purchasers at the point of sale.

Green Dot Corp. has completed its acquisition of location-based deals company Loopt, the prepaid card marketer announced April 4.

BATON ROUGE, La. – In a rare deal, Pelican State FCU said this morning it is transferring its Chalmette branch and 600 member accounts there to nearby Eagle FCU.