Fintech

Payments consumers make to health care providers will soar by more than 40% over the next three years, creating a glut of opportunities for direct-billing service vendors, according to a new Aite Group report.

CASPER, Wyo.-There may not be a way to illustrate how a positive member experience impacts growth and the bottom line, but one CEO claims that is precisely what has helped to drive her CU's growth over the past half decade.

Many consumers don't know what Near Field Communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

One of two foreign nationals arrested in the skimming of hundreds of thousands of dollars from ATMs last fall at BECU, formerly Boeing Employees Credit Union, was sentenced July 8 to five years behind bars.

MEMPHIS, Tenn. – Memphis Area Teachers CU, a $500 million credit union widely known as MATCU, is hanging out new signs to reflect its name change to Orion FCU.

HUNTINGTON BEACH, Calif. – NuVision FCU is rolling out a new promotion aimed at attracting more young people with the message, “It’s not your father’s credit union.”

Wikileaks supporters briefly regained access to Visa Inc.’s payment gateway in a series of rapid midweek developments, but by July 8 the gateway closed again, observers say.

MasterCard Worldwide on July 7 unveiled “Get Loot,” a promotion offering new prepaid customers free movie tickets and opportunities to win a trip to a 2012 movie premiere.

Payment networks working to steer large numbers of financially underserved U.S. Hispanics from reliance on cash to prepaid debit cards are still searching for the best way to turn such a huge opportunity into substantial numbers of new customers.

Wincor Nixdorf AG is changing its U.S. business model, shifting from a centralized unit based in Austin, Texas to a more dispersed structure.