Fintech

PITTSBURGH - Riverset CU has introduced a workplace banking program, with special offers to employees and employers, to gain a stronger foothold in a market where many banks are doing the same thing.

MASSENA, N.Y.-The same, simple business philosophy in place 38-years ago, when 10 GM workers each threw $5 into a toolbox to form what would eventually become SeaComm FCU, is behind SFCU's outstanding performance today.

DALLAS - Those select employee groups (SEGs) credit unions have been so eager to shed as they expand to community charters have started to look pretty enticing-to banks.

JACKSONVILLE, Fla.-JM Associates FCU has introduced a smart-chip payment system it expects will pay several dividends.

Average U.S. consumer bankcard and private-label credit card charge-offs fell again in November, and that trend may continue into this year, according to new data Fitch Ratings Inc. released last week.

DUNCAN, Okla. – Halliburton Employees’ FCU donated $50,000 to the city for the naming rights to the press box at Sportsmans Park baseball stadium.

Visa Inc. says it plans to implement a dual interchange schedule for issuing banks and credit unions in the wake of debit interchange regulation.

Improved revenue growth in the Asia-Pacific region, Canada and the United States provided a welcome fiscal second-quarter boost for Global Payments Inc. But the merchant processor was unable to turn the rise in year-over-year revenue into a concurrent boost in net income, as one-time charges related to a reduction in employees in Canada affected company earnings.

Payroll-services company Payzone will use ACH Federal’s automated clearinghouse processing services to support its small-business customers, ACH Federal announced Jan. 5.

U.S. consumers would be able to use their smartphones to pay, collect and redeem coupons, and price-compare products and services both online and in stores under a partnership deal ARS Interactive and CellPoint Mobile announced Jan. 6.