Fintech

Banks face caps on the card fees they can collect on Visa Europe Ltd. and MasterCard Inc. transactions as the European Union seeks to slash charges imposed on retailers by 6 billion euros ($8 billion) a year.

Total System Services, having completed its purchase of the prepaid card marketer NetSpend, has raised its full-year earnings guidance.

American Express Co. will be discontinuing its Deals and Offers program on the Serve digital wallet on August 12.

Online sales of goods between countries will almost triple over the next five years as more people shop on the Web and merchants seek consumers across globe, a study commissioned by eBay Inc.'s PayPal found.

The Affordable Care Act's individual mandate will hasten individual responsibility for health care procurement and payments, making mobile apps increasingly important.

BETHPAGE, N.Y. – Bethpage is raffling off a new Chevrolet as part of its month-long “All-American” celebration campaign aimed at underscoring the benefits of credit union banking.

LAKE JACKSON, Texas – TDECU has agreed to acquire seven branches in greater Houston previously slated for closure – along with $34 million of loans and $30 million of deposits at the branches – from Hancock Bank, as part of a sell-off of assets of the company’s Whitney Bank unit.

OTTAWA, Canada—A twenty-something branch manager with Canada’s Bayview Credit Union is offering suggestions on what it takes to recruit and retain people in her generation as employees.Cheryl McCormack told the World CU Conference the keys with Gen X and Gen Y as workers are development, motivation and empowerment. McCormack began in 2006 as a part-time MSR (when her goal was to be an electrician) before being named branch manager in 2012.

PHILADELPHIA – Freedom Credit Union is now paying a $25 bounty to members who refer new members – plus $25 to the new members – as part of its refer-a-friend rewards program.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.