Fintech

A few years ago, a consumer walking around in a hurricane in search of a working ATM would have relied on luck and word of mouth. That was before Twitter.

Free checking may be nearing extinction at large banks as they attempt to recoup lost debit interchange revenue, but at smaller institutions the product is not even an endangered species.

OAKLAND, Calif. – The Center for Community Self-Help, which operates two of the nation’s leading community development credit unions, has partnered with CitiCorp to introduce Self-Help’s Micro Branch – a check-casher/credit union hybrid model designed to provide responsible financial products and services for unbanked Californians.

UniRush LLC is following the lead of other prepaid card providers and has released a free smartphone application cardholders may use to check their balances and review transaction and funds-transfer histories.

The Western Union Co. has formed a new division that will develop payments products and services for its consumer and business clients, the company announced Aug. 29.

ATM maker NCR Corp. has completed its $1.2 billion acquisition of Radiant Systems Inc. in a move management and an analyst say should cut administrative and personnel costs while spurring growth in international markets.

Consumers appear willing to pay a higher overall monthly maintenance fee for a checking account that would lack other fees associated with overdrafts, out-of-network ATM charges and stop-check payments, new survey data suggest.

AUGUSTA, Maine – Maine’s CU will continue their media campaign this fall with radio spots promoting their SURF ATM and shared branching network.

HONOLULU – Hickam FCU was approved by NCUA to expand outside its core military field of membership and the local community to serve all 950,000 residents of the island of Oahu.

Intuit Inc.’s deal to sell its GoPayment software application and card reader at Verizon Wireless stores could significantly accelerate competition in the fast-growing market for smaller-ticket mobile payments, one analyst suggests.