More than 1,300 members have downloaded remote deposit checking apps from Rivermark Community Credit Union since March 1.

LAS VEGAS Who owns the customer? The customer owns the customer, said Kausik Rajgopal, a McKinsey partner and a panelist at BAI Payments Connect 2012, the annual trade show that aims to bring together payments innovators with financial institutions.

U.S. Representative Spencer Bachus (R-Ala.) defeated three primary challengers to hold on to his party's nomination for his seat. Bachus is chairman of the House Financial Services Committee and received support in his campaign from CUNA's Credit Union Legislative Action Council.

The $3 billion Space Coast Credit Union recently filed suit against Merrill Lynch, Wachovia Capital, Barclays Capital, Lehman Brothers former CEO Richard Fuld and major U.S. credit rating agencies, Standard & Poors and Moodys, alleging that the defendants caused more than $100 million in losses to Eastern Financial Florida...