Fintech

Business diversity, fee income and greater operational efficiency are the three main bottom-line drivers at corporate credit unions these days.

There are two basic ways to boost the bottom line: increase profit, decrease expenses.

MIAMI — Many credit unions looking for more ways to boost the bottom line in this low-interest-rate environment are running out of options.

Loyalty programs can be a challenge because in Brazil's anti-coupon culture. Pizza Hut is overcoming this hurdle with a combined loyalty and prepaid card.

Italian payments technology company TAS Group is approaching U.S. issuers with a product called e-Mission that takes aim at two growing payment trends in the country: EMV-chip cards and instant issuance.

Cal-Bay International is developing a specialized prepaid and loyalty card for licensed marijuana dispensaries.

Consumers loaded more than $1.9 billion on American Express Co.’s prepaid cards this year through April, almost triple the amount from a year earlier, said Dan Schulman, group president of enterprise growth.

BREA, Calif. — South Western FCU and Credit Union of Southern California have announced their intent to merge, pending approval from state and federal regulators and SWFCU members.

Executives at processor Total System Services can't predict which of the many existing mobile payments technologies will dominate the payments landscape of the future, but they plan to aggressively go after the processing business that follows.

Discover's Pulse network and MasterCard have agreed to allow card-issuing banks using both networks to use MasterCard's technology to route EMV debit card transactions.