Fintech

United Educational Credit Union, a $123-million institution based in Battle Creek, Mich., announced it will re-brand itself as "BlueOx Credit Union," effective January 1, 2016.

One CEO sums up industry frustration this way: 'Why ask the hard questions if you ignore the tough answers?'

The Virginia credit union's website offers concrete reasons for becoming a CU member instead of a bank customer.

In updating cards with EMV technology, Visa and MasterCard have neglected an important element of what makes the security standard so successful elsewhere. The need for PIN verification is clear.

Many card issuers are well on their way to the migration to chip cards or have a plan to do so. But many merchants are still completely unaware of the shift in fraud liability taking effect Thursday.

Rules set by Visa and MasterCard suggest that by the start of this month, ideally, banks would all be issuing EMV-compliant cards and retailers would have the technology to accept them. If one party is supporting EMV and the other is not, the delinquent entity will have to cover the cost of any fraud that ensues.

Oct. 1 was an important day for U.S. merchants. It marked the deadline for retailers to upgrade their point-of-sale terminals to EMV-compliant machines. Afterwards, merchants that don’t support payment cards with embedded chips will be liable for in-store fraud.

In Canada, there is no Apple Pay, Android Pay or Samsung Pay. But there is a Royal Bank of Canada mobile wallet, despite the bank being challenged to explain why it has been so aggressive on the mobile scene.

The practice court at Bankers Life Fieldhouse in Indianapolis, home to the Indiana Pacers and Indiana Fever basketball teams here, is getting a new name.

With a rich history of providing credit to those who otherwise might not have had access to financial services, credit unions are in a unique position to reach out to this demographic.