Fintech

Commuters on India’s Delhi Metro soon no longer will have to wait in lines to top up their prepaid transit smart cards under a new payments initiative the agency soon plans to launch.

This article adds information to an initial story that ran Jan. 27.

A second credit union has sued CUNA Mutual Group over a CUMIS Insurance Society bond the credit union says should reimburse it for funds lost in a $50 million fraud at ATM replenisher Mount Vernon Money Center, one of the biggest bank robberies in history.

MOLINE, Ill.-Nothing runs like a Deere, and perhaps the same can be said for its credit union, too, which has committed itself to running wherever the sponsor runs.

In what could be worrying news for card issuers in Australia, new survey data suggest about 32% of the country’s households last year fell behind financially, which affected their credit card use.

COLUMBUS, Ohio – Three local credit unions – Western CU, Powerco CU and Members First CU – plan to combine operations in a rare three-way merger to create an entity with $175 million in assets and about 25,000 members.

KATY, Texas – A group headed by the mother of Prince Fielder, a major league baseball star, announced plans to charter a credit union with an educational wealth empowerment program for pro athletes and their families.

A consumer using a PIN-debit card generally can count on a relatively high level of security and low level of technical problems associated with processing the transaction. Those have been the strong links in PIN-debit networks’ chains for years.

Green Dot Corp. will introduce a bank account with a traditional debit card attached to it later this year, Steve Streit, the company's chief executive and founder, said in an interview Jan. 26.

Discover Financial Services is bracing for a joint enforcement action from the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau over the marketing of its credit card payment protection products, the company disclosed in a regulatory filing Jan. 26.