Fintech

All of China’s bank-led payment platforms and third-party payment providers would have to ensure their customers use their real names when paying online under regulations the People’s Bank of China proposed Jan. 5.

Credit card users have been unusually diligent in paying off their bills recently in the wake of the financial crisis. Their discipline slipped a bit late last year, however, which led revolving credit to post a surprise jump in November.

MIDLAND, Mich. – Members First CU has applied to state regulators to combine with Central Michigan Community FCU in nearby Clare, which would create a $300-million credit union.

TALLAHASSEE, Fla. – Florida Commerce CU has launched an investment services CUSO, Six Pillars Financial, that will offer financial planning, insurance and investment services.

The Indian government plans to expand the scope of its widely used Kisan credit card to enable farmers to use it also as a debit card linked to a separate account that earns interest, an official at the Ministry of Agriculture privy to the discussions tells PaymentsSource.

As European banks continue to establish standards for a Single Euro Payments Area, not nearly as much attention has focused on a similar process for ecommerce or mobile payments in the euro zone.

When it comes to the all-important subject of college football in the state of Alabama, Regions Financial Corp. isn't scared to show its true colors.

Suze Orman touts her new Approved card as a low-cost tool for people interested in building savings and a solid credit history. Russell Simmons’ pricier RushCard also offers tools for budgeting and saving, but it is more squarely aimed at consumers living paycheck to paycheck who want their money, and fast.

Service Credit Union has unveiled a new ATM surcharge and Visa International Service Assessment fee-refund program, essentially making all cash withdrawals at the Portsmouth, N.H.-based credit union’s ATMs worldwide free.

Future interaction with ATMs could somewhat mimic consumers’ experiences with laptops, smartphones and other mobile devices if a new concept from Diebold Inc. takes hold.