Fintech

LOMBARD, Ill.-Unfortunately, now may be the best credit unions feel about the economy in 2011, according to one analyst who predicts things will take a turn for the worse in second half of the year.

DES MOINES, Iowa-Four things should be on credit unions' radar in the second half of the year, according to The Members Group.

WILMINGTON, N.C.-Slow economic progress in the last two quarters will actually increase the emphasis on debit this year, predicts one analyst.

RALEIGH, N.C.-As credit unions vie for bank customers' checking business, what really attracts the accounts, according to one CU, is making switching checking accounts easy for members.

When online scammers recently targeted Westpac Banking Corp., the Australian bank used another online venue, Twitter, to warn consumers not to trust email.

Jane Thompson, the president of Wal-Mart Stores Inc.'s financial services unit, plans to retire at the end of June, she told PaymentsSource sister publication American Banker on June 3.

Continental Prison Systems Inc., which provides kiosks that perform financial transactions for prison inmates, has reached a 10-year agreement with Riker’s Island, New York’s main jail facility.

Any independent sales organization contemplating a merchant cash-advance business should review the best-practice recommendations of the North American Merchant Advance Association, the group’s president advises.

India’s IndusInd Bank Ltd.’s credit card program has begun receiving various additional services besides transaction processing under an agreement with India-based payments processor ElectraCard Services Pvt. Ltd.

VeriFone Systems Inc. is making more investments to expand beyond just building payment terminals.