Fintech

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

HERNDON, Va. — A discovery process during a core conversion uncovered the ability of Northwest Federal Credit Union to enhance its online mortgage servicing capability, resulting in a nearly 50% increased user rate.

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

Apple Pay launched in late October, facing a few early hiccups and an unclear future. But in the month of November, Apple's strategy began to come into focus even as competitors closed in.

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

Seeing an opportunity to advance international and online debit transactions and take advantage of a growing mobile payment market, MasterCard is working to establish a debit card presence next year in Canada.

TIO Networks has secured a patent that allows the bill payment processor to conduct change-based transactions on reverse automated teller machines.

Diebold reached an agreement with Banco del Pacifico to deploy automated teller machines in Ecuador.

President Obama's executive action on immigration — a measure that, if enacted, would give an estimated 5.2 million undocumented immigrants some protection against deportation — could eventually provide U.S. credit unions with additional business from a largely ignored and under-served segment of the population.

NORTH GRAFTON, Mass. — Grafton Suburban Credit Union members voted recently to change the CU's name to Homefield Credit Union, reflecting the credit union's growth into neighboring communities.