Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
Service will include what amounts to real-time verification of an item for deposit while enabling easy re-load of prepaid card.
Staring down shrinking margins and the confusing moniker “credit union,” some have gotten creative with their fields of membership.
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
Community bankers lobby says it's researching how to fight Wal-Mart/Amex prepaid card's move toward offering more banking services.
Checking and debit alternative to get coverage to allow government direct deposit, companies say.
Doubt has been swirling around the potential widespread use of near field communication, or NFC, a technology that links consumers’ mobile phones to merchants’ point-of-sale terminals, enabling instant mobile payments. Apple released the iPhone 5 without an NFC chip, leaving millions of consumers out of the NFC equation.
Unless the Milwaukee Brewers come calling for him to play as shortstop, Patrick Basler, president/CEO of Chicago-based First Financial Credit Union has found his niche by helping consumers change their perceptions of credit unions.
Patrick Basler, president/CEO of Chicago-based First Financial Credit Union, has found his niche by helping consumers change their perceptions of credit unions.
After many years as the ugly ducklings of the credit union industry, lower income credit union members are poised to become a good deal more like swans in 2013.