Fintech

Jammu and Kashmir Bank Ltd. is raising the daily ATM-withdrawal and purchase-transaction limits on its debit cards to increase cardholder convenience, the India-based issuer announced Nov. 21.

First Data Corp. has completed the merger of its transportation payment services with Transportation Clearing House LLC, creating a joint venture the companies hope will become a leading card provider in the transportation industry, the card processor announced Nov. 17.

WINSTON-SALEM, N.C.-Break-ups aren't always a bad thing. That's what Members CU here learned during October when its "Break Up With Your Bank" campaign increased membership by 83% over the previous month.

LAS VEGAS-Just two days after Bank Transfer Day, Credit Union Journal asked attendees of the Credit Union Executives Society's CEO/Executive Team Network conference how much activity their credit unions saw?

SAN LUIS OBISPO, Calif.-Bank Transfer Day was a mixed bag for small credit unions in the Golden State, as most did not have the resources to launch marketing campaigns.

WEST JORDAN, Utah-Despite Bank of America's attempt to wave the white flag by rescinding its $5-per-month debit card fee, consumers poured into Mountain America CU here.

The U.S. is in a balance-sheet slowdown: overleveraged households are tightening their belts and holding back on consumption, thereby choking off the economy's main engine.

RENO, Nev.-Dennis Flannigan, president and CEO of $103-million Great Basin CU in Reno, Nev., said on normal Saturday it might get five or six new accounts, but on Nov. 5 it had 18 new accounts plus six current members added checking accounts.

SAN DIEGO-San Diego County Credit Union combined Bank Transfer Day with a "Shred Your Big Bank Debit Card" promotion.

VENTURA, Calif.-The $542-million Ventura County CU opened 315 new accounts on Bank Transfer Day. The credit union is usually closed on Saturdays, but increased its hours in response to consumer demand.