Fintech

The prepaid card company, which has struggled to grow since it went public in October 2010, on Nov. 3 posted largely solid third-quarter results.

Doxo Inc. has taken a significant step in its mission to remove paper from the bill-paying process by securing AT&T Inc. as a biller offering doxoPAY electronic payments to its customers, the e-payments provider startup announced Nov. 3.

American Express Co. may build brand stickiness among younger consumers with its new campus prepaid identification card, one analyst contends.

LAS VEGAS–Debit card programs will continue to play a vital role in most large banks’ profit strategies for the foreseeable future, despite new government-mandated debit-interchange rates that have cut deeply into issuers’ debit revenues, executives at several large banks told attendees at the ATM, Debit & Prepaid Forum Nov. 3.

In the latest phase of the transformation of its digital retail delivery strategy, Huntington Bank on Nov. 2 rolled out an iPad app that enables customers to view their accounts and account histories, pay bills, transfer funds, and locate ATMs and branches.

Cardtronics, the nation’s largest operator of ATMs, on Nov. 3 agreed to acquire Mr. Cash ATM Network Inc., an operator of more than 600 ATMs in Canada, to expand its operations to north of the border.

BELOIT, Wis. – First Community CU has agreed to merge into it Rock County Employees CU, a $2-million credit union in nearby Janesville.

ST. JOSEPH, Mich. – Honor CU has agreed to merge into it Kalamazoo-based Allegis CU, creating a $400-million credit union.

MANSFIELD, Texas – Texas Trust CU is offering a cure for what it is calling the FEE Syndrome associated with large banks: a $155 payment when consumers open a Free & Flexible checking account.

Consumers are complaining less about the way credit card companies treat them following the 2010 implementation of the Credit Card Accountability, Disclosure and Responsibility Act, new survey data from Consumer Reports suggest.