Fintech

The banks that launched the clearXchange P-to-P network two years ago sensed the urgency to get solid footing in the consumer payments market, but its mission rapidly expanded.

In addition to finding potential future executives, Tinker FCU’s internship program is also giving the CU the chance to reach more of its members and potential members on the Metro Tech campus.

SVM LP, which provides gift cards for corporate promotions, incentives and loyalty programs, has acquired 1to1 Card, another operator in the same niche, the companies announced March 8.

Warren Federal Credit Union and Community Financial Credit Union on Tuesday said their two CUs will merge as one organization on April 1 under the new name: Blue Federal Credit Union.

Banks are ditching the consumer-friendly product as regulations have reduced revenue streams from debit interchange and overdrafts.

CUNA Mutual Group in Madison, Wis., has received recognition for its ethical business policies.

First Florida Credit Union on Friday said it recently signed a letter of intent to merge with Florida Baptist Credit Union. Both CUs are based in Jacksonville, Fla.

HarborOne Bank, which started out life as a credit union before converting to a mutually owned co-operative bank in Brockton, Mass., plans to sell shares to the public.

First Service Credit Union said it posted “huge gains” in net income and loans in 2015, with a “strong increase” in total assets and “solid” member growth.

Atlanta is flush with payment processors that handle more than 70% of the nation's transactions. These players now plan to expand their reach even further, hoping to make the southern city a fintech hub to rival Silicon Valley and New York.