Fintech

Banks providing cash back on transactions as an incentive for credit card use have a better chance of seeing their account become the "top of wallet" card, a new Auriemma Consulting Group report says.

ShopKeep POS is adding credit card acceptance through PayPal at a 2.7% per-transaction fee, which it says is competitive with other processing options.

ROCKY HILL, Conn. – Nutmeg State FCU is borrowing a page from the Saturday Night Live playbook to launch its new “Banking Awesome” campaign.

NORFOLK, Va. --Navy FCU will be handing out $20 to the first 100 shoppers who participate in a cash mob event in the Ghent neighborhood of Norfolk this Saturday to celebrate local small businesses and the kick-off of National Small Business Week (June 17-21).

Square Inc. has redesigned its mobile payment app, displaying its merchants as thumbnail images instead of as a list and placing a greater emphasis on discounts and loyalty.

Merchants, acquirers and issuers are preparing to handle EMV-chip debit cards that carry three application identifier codes — from Visa, MasterCard and Discover — as an earlier push to use one common code remains unresolved.

Corduro has added technology to its PayMobile app to locate and attract nearby customers when a merchant's business is slow.

ZenPayroll has launched a contractor payments service that includes direct deposit and tax reporting.

Visa Inc. and Ethoca Ltd. have partnered in an effort to thwart online payment fraud attempts, which they expect to increase as the U.S. shifts to the EMV-chip card standard at the point of sale.

Healthcare payment provider PaySpan has released the United Benefits Card, a payments card that's designed to also replace member ID cards, paper checks and other cards used in healthcare, such as wellness incentive cards.