Fintech

BERLIN, N.H. — Guardian Angel Credit Union's members approved a proposed merger with $2.4 billion Service CU, Portsmouth, N.H.

Many disruptive technologies come from startups, but just as many seem to come from companies that have been around for decades. Whether developing a new system in-house or providing a necessary proving ground for a partner, these older companies are bringing fresh innovations to the payments industry.

In a breach incident that illustrates how long a company can do business without knowing fraudsters are potentially stealing its card data, Charge Anywhere LLC informed its merchants it has found and shut down malware that initially entered its network five years ago.

AUBURN HILLS Mich. — Genisys CU and Tri-Pointe Community CU announced Wednesday they intend to merge and then operate under the Genisys name.

Worldpay, a payments processing and technology company based in London, plans to move its U.S. headquarters to Atlanta.

Consumer credit card debt in the United States has been rising in recent years, although as the labor markets improve, defaults on such cards have fallen to multi-decade lows.

Blackhawk Network has reached an agreement with the U.S. Postal Service to distribute its closed-loop gift cards through post offices.

NCR Corp. has installed what it calls the first-ever automated teller machine in Somalia.

DECATUR, Ill. — Land of Lincoln CU has absorbed the former Sangamo Chapter CU and now offers products and services to all those who live or work in Sangamon County, Ill.

Data indicates that not only are more and more people acquiring credit cards from credit unions, but that the default and delinquency rates were lower for credit cards issued by credit unions than those offered by banks.