Fintech

More winners and losers are beginning to emerge from new debit card network-routing rules that go into effect April 1.

Credit unions and community banks served by The Members Group now have access to a fraud-prevention tool that adds flexibility for them and a more hassle-free experience for their cardholders.

The chief executive of Discover Financial Services is facing new regulatory challenges and has struggled to grow the network business. But he says his efforts to be “almost as good as MasterCard and Visa” seem to be working.

WASHINGTON — The Consumer Financial Protection Bureau launched an inquiry Feb. 22 into overdraft-protection practices, requesting data from a number of banks on their policies, terms and marketing of such programs.

A federal judge Wilmington, Del., has agreed to separate patent-infringement claims against a group of technology vendors and credit unions regarding a patent for card-customization technology and send them to different courts, creating three different venues for patent holder Serverside Group to pursue its claims.

Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.

WEST PALM BEACH, Fla. – A brand-new resource to assist credit unions in growing and serving members is making its debut this week: CUllaborationNation.com.

Overcoming what Euronet Worldwide Inc. executives called regulatory, competitive and economic pressures, the international electronic funds transfer company on Feb. 20 reported strong fourth-quarter transaction growth and revenue increases.

LANSING, Mich. – A 71-year-old retired General Motors assembly line worker is the winner of the credit union $100,000 Save to Win sweepstakes through his credit union, Astera CU.

To calm consumer fears about having card-account numbers stolen wirelessly, the University of Pittsburgh has developed a way to switch contactless cards off automatically when they are not in use.