Fintech

SAN LUIS OBISPO, Calif.-One common refrain is credit unions are the best-kept secret in the financial services world, and that's exactly where $32.6-million SLO Credit Union was before Suzanne Leedale took over as CEO in January 2008.

DOWNEY, Calif.-Every week the NCUA or the state regulator release the names of another two, three or four small credit unions that have held their last board meeting, having been merged into a larger credit union or liquidated altogether.

ATLANTA-As Delta Community CU here holds its second annual "Switch Day," it's getting a big boost from the big banks.

Capital One Financial Corp. is looking for another private-label credit card portfolio to buy on the heels of absorbing the U.S. card business of HSBC Bank USA and last year’s acquisition of the Kohl’s Corp. store card portfolio, CEO Richard Fairbank tells analysts.

EL PASO, Texas – El Paso Employees FCU, the city’s fourth-largest credit union, will grow with a new name starting Jan. 1, Evolve CU.

SIDEBARTUKWILA, Wash.-Among the most interesting trends in the volume of new memberships being experienced by BECU is that more accounts are being opened online than in-branch.

Eliminating the need for Near Field Communication hardware or computer chips, French electronic transactions provider Tagattitude is using digital sounds at the point of sale to accommodate mobile payments without storing card data in smartphones, the company announced Oct. 19.

Google Wallet is riding on an active trend to connect retailer loyalty programs to mobile-payment systems.

Horizons Federal Credit Union has signed with Manley’s Mighty Mart to offer its members access to the convenience chain’s 23 ATMs.

LGE Community Credit Union has introduced a card-customization service, “Design Your Own Card,” powered by the technology of Serverside Group.