Fintech

ONTARIO, Calif.-As mobile phones have gotten "smarter," so must credit unions in providing services via those phones, said one person.

DES MOINES, Iowa-Credit unions looking to grow in 2011 need to be focused on transformational change, including addressing inactive accounts.

MADISON, Wis.-Two trends evident in 2010 are likely to continue to be felt by CU managers in 2011, as well.

MONETT, Mo.-With credit unions' income prospects limited due to economic and regulatory factors, ProfitStars said mergers are an "obvious growth opportunity" in 2011.

MONETT, Mo. — Symitar is projecting 2011 to be a good year for credit unions overall. That's the word from Ted Bilke, the company's president, who pointed to the theme of Callahan & Associates' most recent quarterly TrendWatch, "Make Big Plans for 2011."

MINNEAPOLIS — U.S. Bancorp no longer plans to bide its time as competitors figure out how to recoup fee income regulated away by the Durbin amendment.

NEWARK, N.J. — Last year was a record year for life insurance sales among financial institutions, according to Prudential, which insists insurance is a product not affected by the economy.

As transaction volume for U.S.-based online merchants increased in 2010, so did the number of fraudulent attempts, which may mean merchants should reexamine their fraud-prevention systems to fend off potential attacks, new research suggests.

Two companies are trying to bring the decade-old merchant cash advance concept into new — and starkly different — markets.

After a year in testing, RDM Corp.’s smartphone check-imaging application Simply Deposit Mobile is now available for all merchants, RDM announced Jan. 20.