Fintech

Steve Geringer is offering a second time at bat for mobile payment technology that struck out: sound innovation that didn't match business realities.

Zions Bancorp., in its attempt to spot fraud, was gathering much more data than its technology could handle. While searching for a needle in a haystack, it was just piling on more hay.

Diebold Federal Credit Union said it is offering a new service provided by its corporate sponsor, Diebold Inc., aimed at preventing unauthorized use of debit and ATM cards.

Fewer than half of all cardholders have a private-label credit card, but those who do are more likely to routinely carry a balance on their various cards than are consumers who rely only on general-purpose cards, new data from Auriemma Consulting Group suggest.

SPRINGFIELD, Mo. – Postal Federal Community CU has changed its name to BluCurrent CU as part of a plan to reach out to a broader membership base.

ENDICOTT, N.Y. – Visions FCU has received approval from NCUA to enter the New Jersey market with the acquisition of Paragon FCU, a troubled one-time $415 million credit union.

ST. JOSEPH, Mich. – United FCU, which is in the process of acquiring nearby Griffith Savings Bank, said it has had all depositors in the troubled Indiana S&L join the American Consumer Council to facilitate the rare credit union deal.

WASHINGTON-Credit Union lending improved in the second quarter, while share growth declined. But the big story may be the strength of core checking deposits, an indication credit unions are taking advantage of big banks' pricing problems resulting from the new interchange rules.

DUBUQUE, Iowa-Dupaco Community Credit Union here is featuring its own members on billboards as part of a campaign that also has a strong social media component.

VASHON, Wash.-Puget Sound Cooperative CU's newest branch here is an early hit, much to the delight of those who worked for two years to bring a credit union to Vashon Island.