Fintech

Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.

Eau Claire, Wis.-based Royal Credit Union on Monday said its acquisition of a Capital Bank location in Saint Paul, Minn., is complete.

How can credit unions build community partnerships to provide more products and services?

Loyalty programs are likely the underpinning of the adoption of mobile payments, so banks need to make sure reward points are part of their digital offerings.

TerraPay, a mobile-first international remittance company based in Amsterdam, has acquired Pay2Global, a U.K.-based money transfer service.

Banks are playing a more active role in the next phase of fintech, both as investors and partners, says David Sica, partner at venture capital firm Nyca. That change is shaping how the firm looks at new investments.

Family Security Credit Union, a $580-million institution based in Decatur, Ala., said it has entered into a definitive agreement to purchase substantially all of the assets and assume the deposits of the privately held Bank of Pine Hill, based in Pine Hill, Ala.

Members of $29 million POSTMARK Credit Union, Harrisburg, Pa., on Thursday voted "overwhelmingly" to approve a merger with $952 million Xceed Financial Credit Union, based in El Segundo, Calif.

Because of zero liability rules, consumers rarely share the extent of the concerns banks have over account security. But their fears might be growing.

San Diego County Credit Union in Calif. reported above standard ratios, stable assets and increased member growth during the second-quarter.