Fintech

ST. LOUIS — No one had to tell Patrick Adams that the $193.5-million St. Louis Community Credit Union is among the top 10 CUs nationally when it comes to non-interest income as a percentage of total income.

MEMPHIS — Methodist Healthcare FCU President Kristi Vick has a special name for her CU's non-interest income strategy: "We just call it doing everyday business."

LOMBARD, Ill. — Credit unions must look at ways to limit reliance on fee income and expand investment and insurance offerings.

NEW HAVEN, Conn. — At New Haven County CU, success in the realm of non-interest income comes at a price: $25.

Credit quality is improving for Capital One Financial Corp., but the bank and card issuer expects loan growth to continue to be slow as competition for new customers intensifies.

Improving economic trends that significantly lowered its credit card charge-offs and reduced its provision for losses helped card issuer and loyalty-services provider Alliance Data Systems Corp. to report a sharp rise in first-quarter profits.

American Express Co. earned first quarter net income of $1.2 billion, up 35.6% from $885 million during the same period in 2010. Total revenues net of interest expense rose 6.1%, to $7 billion from $6.6 billion, the company announced April 20.

Debit card use in Malaysia this year should overtake credit card use, thanks to new rules governing credit card issuance in the country, according to the Association of Banks in Malaysia.

Significant improvement in consumer credit helped Wells Fargo & Co. to cross-sell a record of combined products per household during the first quarter, the company announced April 20.

Payment-terminal software applications are poised to play a significant role in the Near Field Communication payment ecosystem.