Fintech

General purpose reloadable prepaid cards continue to evolve, exceeding the expectations of many, and in some ways are helping to shape the future of banking.

More financial services companies are landing on MaRS, a corner of Toronto where developers are building new uses for smartphones, wearables and alternative currencies all under the same roof.

While banks have been backing away from branching, a recent study by SNL Financial that credit unions have been adding more new branches the last couple of years.

As part of the transition to EMV-chip cards in the U.S., some issuers are adding PIN security to cards that used to require only a signature. But as technology advances, the PIN may not provide as much security as consumers believe.

OSHKOSH, Wis. — The credit union that once merged three successful institutions into one continues to grow, with Verve, A Credit Union, announcing a completion date for its merger with Community CU of La Crosse.

As mobile wallets and other high-tech payment mechanisms proliferate, they bring with them more options for security. Companies are increasingly looking for ways to use devices' built-in cameras to urge consumers to take self-portraits for authentication.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

Discover Financial Services topped peers in a J.D. Power credit-card customer satisfaction ranking, ousting American Express from the No. 1 spot for the first time in the survey's nine years.

CUNA Mutual Group funded a study by the Filene Research Institute aimed at measuring the growth potential for credit unions in member business lending. The study comes as the federal regulator is considering easing restrictions on MBLs.

Avidia Bank of Hudson, Mass. has contracted payments technology company FIS to offer card-free ATM transactions through a mobile app.