Fintech

VENTURA, Calif.-A technology model developed to serve members in Mexico is heading north and will be piloted by a California credit union as a way to reach out to the unbanked and underbanked.

TCF Financial Corp.'s William Cooper is rethinking his long-held belief that economies of scale don't matter in banking.

China UnionPay has signed an acceptance agreement with US-based Citibank that will see UnionPay cards being accepted in seven other Asian nations, a spokesperson for China’s bankcard association confirms PaymentsSource.

A stock analyst on March 11 upgraded shares of Green Dot Corp., contending recent concerns over the prepaid card company’s regulatory risks are overblown.

Continued global expansion of EMV smart card programs helped drive revenue and profit growth last year for Gemalto NV’s Secure Transactions unit, which includes banking cards, the France-based smart card vendor announced March 11.

Seven Bank Ltd. has signed an agreement with U.S.-based The Western Union Co. to offer Western Union’s funds-transfer services in Japan.

WASHINGTON – Senator Dick Durbin insisted yesterday he will fight every effort to delay the pending implementation of his initiative to lower interchange fees paid to credit unions and banks.

WASHINGTON — In a rare show of unity, the leading bank and credit union industry groups filed a joint friend-of-the-court brief on Friday to support TCF Financial Corp.'s lawsuit against implementation of a rule that would limit interchange fees on debit cards.

WASHINGTON — Bankers and other financial executives continued their full-court press to delay pending restrictions on debit interchange fees, even as lawmakers prepared to move forward on plans to delay the new requirements.

As the health care industry eyes new systems to streamline and improve the collection of payments from patients, New York-based Phreesia Inc. is promoting a tablet-like device that records patients’ personal and insurance information and doubles as a card-payment terminal.