Fintech

COLUMBIA, Md. – The Maryland & DC CU Association this week launched a new, five-week advertising and marketing campaign featuring radio, digital outdoor banners and online spots.

Green Dot Corp.’s decision to expand its prepaid debit card offerings at Wal-Mart Stores Inc. might be a sign the prepaid market is starting to see the limits of targeting unbanked and underbanked consumers, notes one analyst.

Giftango has expanded its ordering interface so online retailers may sell both virtual and physical cards, the gift card provider announced Oct. 27.

The debit card fee dominoes are falling, leaving Bank of America Corp. increasingly alone in its controversial effort to make customers pay for using their debit cards.

Companies pushing mobile-payment technology in the United Kingdom have failed to capture the imagination of consumers, who generally indicate low interest in initiating transactions using their mobile phones, new study data suggest.

Wells Fargo & Co. on Oct. 28 became the latest big bank to abandon plans to start charging customers for using debit cards in the wake of a widespread backlash against new bank fees.

TOTOWA, N.J.-North Jersey FCU here has grown its share of business accounts after holding its first-ever small business summit, with at least one sizeable loan in the pipeline as a result.

BOULDER, Colo.-Not every credit union sees the need to have a formal "switch kit." Dennis Paul, AVP with the $966-million Elevations Credit Union, here, noted that what ECU lacks in such a kit, it makes up for with a well-established procedure when a bank customer comes in and wants to join.

PARCHMENT, Mich.-First Community FCU said it will return an estimated $200,000 to members as part of a three-month debit card campaign called "Skip the Fee, Swipe for FREE."

CHATSWORTH, Calif.-Matadors Community CU views its switch kit as a marketing tool, especially in light of the fees big banks are levying on their customers.