Fintech

POTTSVILLE, Penn. – Hidden River CU, which serves mostly school districts, has been approved by state regulators to convert to a community charter serving the 150,000 residents of surrounding Schuylkill County.

PORTLAND, Ore. – State regulators have approved an application from OnPoint Community CU to add Crook and Jefferson counties in central Oregon to its field of membership.

Continued improvement in Discover Financial Services’ card portfolio driven by higher Pulse, Diners Club and third-party issuer volume helped the payments company generate net income of $465 million for the fiscal first quarter ended Feb. 28, the card company reported March 22. Discover reported a $104 million loss for the same period last year.

WESTON, Fla.–Certain details surrounding new Internal Revenue Service rules requiring payment processors and acquirers to track merchants’ transactions and report them to the IRS remain unclear, but help is on the way.

A start-up person-to-person payments network is teaming with a daily-deals service to tie the use of coupons to a customer’s prepaid card.

Diners at Field of Greens and VooDoo BBQ & Grill may receive discount coupons and eventually may pay for purchases through Mobibucks Corp.’s mobile marketing and payment service under a deal Mobibucks announced with the two restaurants March 21.

First Data Corp. is rolling out a mobile-coupon program for merchants called mVoucher that uses 2-D barcodes and text messages, the Atlanta-based processor announced March 22 at the International CTIA Wireless convention in Orlando.

Certain card issuers grappling with the fallout of new and pending regulations are beginning to recognize that a dramatically different approach to designing payment products may be needed to cope with even more potential regulatory changes ahead.

T8 Webware said March 21 it is offering new mobile capabilities for its card personalization software over Apple’s iPad.

Fifth Third Processing Solutions announced March 21 it will be offering Planet Payment’s Pay in Your Currency service, which will allow international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction.