Fintech

LAS VEGAS — To thrive in the second half of 2014, credit unions need to do some much-needed — if slightly belated — spring cleaning.

Prepaid card provider Contis Group is combining its loyalty and other closed-loop card products into a single business unit to make its gift card operation more agile.

TAMPA, Fla. — Florida Central Credit Union plans to purchase a branch of First Federal Bank of Florida.

DOTHAN, Ala. — The National Credit Union Administration Wednesday approved the sale of Flint River National Bank to $260 million Five Star CU here, and the deal is scheduled to close in early June.

The payment processing company Total System Services Inc. has hired a new global chief procurement officer.

Waterford, Mich. — Oakland County Credit Union and BestSource Credit Union said they will merge effective Sept. 1 to create a credit union with almost $300 million in assets, 31,000 members and six branches.

MasterCard Inc. plans to help its cardholders address issues that arise from identity theft, while also extending its zero liability policy to include PIN-based and ATM transactions.

MADISON, Wis. — Millennials are struggling with debt, monthly payments and understanding financial offerings, according to a new study from the Filene Research Institute.

Kalixa has purchased PXP Solutions, a U.K.-based provider of in-store payment technology.

ALEXANDRIA, Va. — NCUA wants to help credit unions navigate the M&A waters.