Fintech

HAWTHORNE, Calif. — Members of $21 million British Airways Employees Federal Credit Union voted "overwhelmingly" to approve a merger into $440 million SkyOne Federal Credit Union, based here.

Student sales associates at NE PA Community Federal Credit Union are doing more than learning about working for a credit union--they are also teaching the credit union’s executives how to use new technologies.

While debate continues over whether credit union “volunteers” should be paid, a study reveals the lengths to which many CUs are already compensating their volunteer board and committee members, even without formally paying them.

Affinity Group Credit Union announced that it has changed its name to Michigan Legacy Credit Union, effective Tuesday.

When Apple revealed that Starbucks plans to accept Apple Pay in its U.S. stores, the move spoke less to Apple's persuasiveness and more to the fallout of the country's ongoing shift to EMV security.

EMV card acceptance has often been pitched as a catalyst for mobile wallets, since the terminal upgrades needed to accept EMV-chip cards could also enable contactless mobile payments. But mobile and EMV are not always on the same path.

Eyeing Kuwait as a hotspot for technology development, online payment provider paysafecard is bringing its prepaid services to the country as a springboard to establishing itself in the Middle East.

Mobile person-to-person payment systems are poised to grow to about 126 million adult users by 2020 with nearly 60% of all mobile device owners using the service, according to newly published data from Javelin Strategy & Research.

Maps Credit Union has partnered with Western Oregon University to incorporate Biz Kid$ into the College of Education’s curriculum, thanks to a grant the CU received from the National Credit Union Foundation.

Alma Bank in Long Island City, N.Y., will integrate technology from Diebold that allows for cardless transactions at automated teller machines.