Fintech

ATLANTA – Credit unions looking to introduce a new technology or even themselves to a new market following expansion or a merger might want to take a cue from PNC Bank.

Higher One, a provider of services to colleges and universities, has acquired PayDivvy Inc., enabling students to make person-to-person payments for the management of bills.

MasterCard Inc. reported profit that beat analysts’ estimates as spending on credit and debit cards rose. Shares gained in early trading.

The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.

Though some issues remained, it seemed the card brands and debit networks were closer than ever to resolving their longstanding debate over EMV debit card routing when a federal judge potentially changed everything.

The Pulse debit and ATM network is working with mobile payment provider Paydiant to give banks a software-based mobile wallet with the bank's brand.

PayPal is making programming tools available worldwide to allow software developers outside the U.S. to integrate PayPal payments into their applications.

IDT Payment Services, a subsidiary of IDT Corp., launched an international money transfer service to expand its Boss Revolution payment platform.

WASHINGTON – Sen. Richard Durbin, the architect of the controversial cap on debit fees, hailed yesterday’s court ruling striking down the Fed’s 2011 cap, saying the ruling will be good for consumers as it is expected to result in even lower debit fees charged to merchants.

True Link Financial Inc. has launched a prepaid Visa card for the elderly, with a set of customizable restrictions more commonly associated with cards designed for teens.