Fintech

Seeking to reassure investors that the effects of the recent cyberattack on the e-mail marketing operations of its Epsilon unit will be minimal, parent Alliance Data Systems Corp.’s chief told analysts April 21 that, although the event made clients angry and frustrated, it has not resulted in any significant falloff in business.

Visa Inc. is working with clothing retailer Gap Inc. to deliver discounts to cardholders via mobile phone SMS text messages.

Stable and improving credit trends helped generate 10% growth in Fifth Third Bancorp’s first quarter card-processing volume, to $80 million from $73 million a year earlier, the bank announced April 21.

Ukash’s partnership with 3V Transaction Services Ltd. to enable consumers to purchase event tickets for the London 2012 Olympics using a Visa-branded virtual prepaid card is part of a company initiative to become a prepaid debit card reload network in Europe, according to CEO David Hunter.

NEW YORK — Hamburgers, fries, and a 99-cent surcharge ATM transaction are on the menu at many McDonald's restaurants throughout New York City, generating more than $4.7 million in annual gross revenue for Actors FCU.

EAST HARTFORD, Conn. — Realizing margin management is not enough anymore to drive the bottom line, First New England FCU has made changes so that 58% of its revenue is derived from non-interest income.

KANSAS CITY, Mo. — It is not Floyd Manley's first choice, but courtesy pay is generating $40,000 per month for Kansas City Credit Union.

WILMINGTON, N.C. — One analyst believes CUs should create a new checking account to grab a segment of consumers who are shifting to prepaid cards.

MIAMI — Financial FCU CEO Judith Brown said that her credit union is a non-interest income leader thanks to members' acceptance of limited use of the "F" word: fees.

CLEARWATER, Fla. — Credit unions should not stress over adding or increasing fees when they compare their pricing to that of banks.