Fintech

BETHPAGE, N.Y.-Bethpage FCU said it opened a record 1,471 new checking accounts opened during its one-week Bank Transfer Day promotion, up significantly from the 383 new accounts opened during the same week last year. Of the 1,471 new accounts, 672 were opened on Saturday, Nov. 5th, Bank Transfer Day. In addition, Bethpage has seen a $100-million increase in deposits since Sept. 29, 2011, a 149% increase from the same period the year prior.

Payments processor Vantiv known until July as Fifth Third Processing Solutions, on Nov. 10 filed to raise funds with an initial public offering that could be one of the biggest IPOs of the year.

As banks struggle to find new sources of profits, some are starting to expand services for low-income consumers they may have previously ignored.

With an eye toward reducing customer lines at movie theater box offices, NCR Corp. has developed a software application for scanning movie ticket information from a mobile phone, the terminal and software provider announced Nov. 9.

ALEXANDRIA, Va. – The NCUA Board next week will vote on a proposed community expansion for Finance Center FCU to cover about 1.8 million residents of metropolitan Indianapolis, which would be one of the biggest community charters in recent years.

The burgeoning growth of mobile payments could become the tipping point for proposed national legislation that would force merchants to charge state sales taxes for the first time on many goods and services sold through online channels, a national tax expert tells PaymentsSource.

Star, First Data Corp.’s electronic funds transfer network, is moving forward with plans to focus more heavily on e-commerce by signing a nonbinding letter of intent to participate in CardinalCommerce Corp.’s Universal PIN Debit Service.

U.S. consumer interest in using mobile phones to make purchases and in receiving incentives and coupons to shop at retailers has doubled since last year, new research suggests.

The casino industry is turning a corner, but the long-term impact of the so-called Durbin amendment on Global Cash Access Holdings Inc.’s revenues remains unclear, executives from the company told analysts during a Nov. 9 conference call to discuss third-quarter earnings.

After analyzing the mobile-banking offerings of the top 25 retail banks by deposits, Javelin Strategy & Research has declared that JPMorgan Chase & Co. has the best, followed closely by Wells Fargo & Co. and Bank of America Corp.