Fintech

ROCHESTER, Mich. – Michigan State University FCU opened a new branch at the Oakland University student center – known as Oakland University CU – as part of a long-term financial relationship with the college.

Card marketing and production company Arroweye believes issuers are sitting on a ton of user data that can be used to quickly distribute personalized cards that carry pinpoint marketing messages.

Barnes & Noble, the biggest U.S. bookstore chain, won the dismissal of a suit over the “skimming” of customers’ PIN codes from credit-card readers at stores in New York, California and seven other states.

Seven card-issuing banks can sue Heartland Payment Systems Inc. for negligence stemming from the processor’s 2008 data breach, the 5th U.S. Circuit Court of Appeals ruled this week.

HAWTHORNE, Calif. – SkyOne FCU, the $350 million former FAA employees’ credit union, will pick up a Gardenia branch with the merger of $20 million AM FCU.

The recent court ruling on debit interchange fees should remind the payments industry how harmful the Durbin amendment is.

PETERSBURG, Va. – The NCUA Board is expected to vote next week on a bid by Peoples Advantage FCU to expand its community charter to serve 1.3 million people in metropolitan Richmond.

COLUMBUS, Ohio – State Transportation Employees Credit Union is branching out with a new name and brand, Bridge Credit Union, as it seeks broader markets.

VeriFone's recovery from its earnings slump will rely heavily on merchants investing in new technology to respond to the impact of mobile on payments.

LANCASTER, S.C. – Founders FCU, which has rewarded members with as much as $10 million in year-end bonus dividends in recent years, announced it is converting the annual member payout to a loyalty reward.