Fintech

SPRINGFIELD, Mo. – Postal Federal Community CU here has changed its name to BluCurrent Credit Union.

S1 Corp.'s board urged shareholders on Aug. 22 to vote in favor of the company's pending merger with Fundtech Ltd. because it says the deal would propel the technology vendors ahead of their competitors for payments software.

Transferring funds from a debit card account issued in the United States to one in Mexico will be a far easier process under an agreement Global Payout Inc. reached with a lending company in Mexico, a Global Payout executive says.

Independent sales organizations, which sell payment card acceptance to merchants, see a big opportunity in Visa Inc.’s decision to accelerate the switch to EMV chip-and-PIN cards in the United States.

Half of consumers who overdraw their checking account do so by $40 or less, yet it costs them about $58 each time, new research has found.

Years may pass before some merchants realize any savings from the debit card interchange-fee cap mandated by the Durbin amendment to the Dodd-Frank Act.

HARRISBURG, Penn.-One credit union is planning to return $200,000 more to members each month and significantly expand its call center to take advantage of the effects of the new interchange rules.

GLASGOW, Scotland-Trust in credit unions is great, but it's not enough to be successful. Being a big credit union is great, as long the CU avoids becoming a small bank. Talk of collaboration is great, but for one group of co-ops it didn't work.

MIAMI – It may be time for credit union to build plans to expand their auto leasing programs, according to one company that is forecasting lease penetration rates will double by 2020, averaging around 42% across most vehicle brands and segments.

The U.S. credit card charge-off rate rose slightly in July, but delinquencies fell again to an all-time low as consumers continued to demonstrate discipline in making on-time payments, Moody’s Investors Service said in a report released Friday.