Fintech

Jack Henry & Associates and its ProfitStars division have released an online payments and donations platform designed for financial institutions and their business customers, the company announced Feb. 26.

FERNDALE, Mich. — Credit Union ONE here is set to absorb $93 million Good Shepherd CU, CU ONE announced today.

Citadel Federal Credit Union announced that it has expanded its existing fee-free automated teller machine (ATM) network for Citadel customers in selected Rite Aid pharmacies to four new locations; three in Lansdale, Pa. and one in Harleysville, Pa., bringing the total number up to 29.

Brazil's embrace of digital commerce is providing juice for Santander's university smart-card program, which is growing by leaps and bounds as it lays the groundwork for the mobile channel.

'Wiffy' campaign tells consumers why joining a CU is the ideal choice.

It's easy for banks to spin their wheels on local reinvestment, financial education and other efforts to help underserved communities. To make outreach programs successful, bank executives need to carefully vet nonprofit and other partners, listen to their employees on the front lines and reflect on their own reasons for getting into banking.

There are some fairly basic, decisive steps banks could take to educate people outside the financial mainstream, and it would make banking more profitable, says John Bryant, the chairman and CEO of the nonprofit Operation Hope.

Gemalto, which manufactures SIM cards and EMV chips, is investigating a report that U.S. and U.K. spy agencies hacked into the company's network and stole mobile phone encryption keys, a technology also used to secure card data.

If you thought American Express' loss Thursday of a big antitrust case would help its rivals, think again. Visa, MasterCard, and even card-issuing banks could be hurt by the race to lower merchant fees that the ruling will set off.

RIVERSIDE, Calif. — The two largest credit unions in Riverside County, Calif., on Thursday announced their intention to merge to create a $1.1 billion institution serving 118,000 members in the "Inland Empire" region of Southern California.