Fintech

Following the lead of other big banks, SunTrust Banks Inc. is ending rewards for its primary debit card.

MasterCard Worldwide on March 28 announced a five-year “roadmap” for electronic payments in Australia that will require issuers and card-accepting merchants there to adopt its PayPass contactless-payment service beginning next year.

Visa said March 28 it is converting another $400 million of its Class B shares owned by credit unions and banks to replenish to its litigation fund that is expected to be used to pay a settlement in a pending antitrust suit.

Many consumers are not happy with retail loyalty card programs, including those tied to cobranded credit cards, new research suggests.

Many consumers are not happy with retail loyalty card programs, including those tied to cobranded credit cards, new research suggests.

LATHRUP VILLAGE, Mich. — CEO Michael Poulos summed up why Michigan First Credit Union has 27 branches in local schools and spends $500,000 annually on the effort — "Banks have 200 retail branches and I have nine."

46% of CP FCU's new members come from the schools in which it has a presence, and its most recent data shows 8,845 of young adults have remained with the CU following high school.

TAMPA-Among all students in the 33 in-school branches Suncoast Schools FCU operates, those who pack away the most savings are the youngest.

American Express Co., going against its image as a brand for the elite, is launching a digital wallet that would make it the payment choice for the masses — in person, online and in mobile.

SAN FRANCISCO – Visa said this morning it is converting another $400 million of its Class B shares owned by credit unions and banks to replenish to its litigation fund that is expected to be used to pay a settlement in a pending antitrust suit.