Fintech

China UnionPay is expanding where holders of its branded cards may shop to include more than 8 million online merchants based overseas, the card network announced Dec. 27.

PointBank is looking to replace lost checking-account revenue by boosting its social media presence. A merchant-funded debit card rewards program also is helping in the cause.

Impending service slowdowns at the U.S. Post Service could provide a boost to bankers.

Umpqua Bank here has become the latest to be named in a lawsuit that alleges it manipulated the way in which it processed debit card transactions to increase its overdraft fees.

ST. JOSEPH, Mich. – On Jan. 1., United Federal Credit Union here officially completed the purchase of Griffith Savings Bank, Griffith, Ind.

ALEXANDRIA, Va. – CommonWealth One FCU here has launched a “Member Showroom Auto Buying Service.”

PENSACOLA, Fla. – Navy FCU and Pen Air FCU are partnering to finance a $13.2-million hotel project at Pensacola International Airport here.

SEATTLE-The benefits of the consumer sentiment that led to Bank Transfer Day continue to be felt at $9.6-billion BECU-including a 74% year-over-year increase in November over one year earlier.

SHEFFIELD, Ala.-Listerhill CU here has launched the website www.Iheartmycreditunion.org as a way not only to boost its own traffic, but to capitalize on growing public interest in credit unions.

SLEEPY EYE, Minn.-Investment in product training is paying dividends at SouthPoint FCU here, which is approaching an average of four products per member.