Fintech

Three years ago, Visa executives told investors that one of their goals was to enter new businesses, but Visa CEO Charlie Scharf, who joined the company in October, says that is no longer the case.

Mobile payments worldwide will grow significantly in transaction volume and value in 2013, but Near Field Communication payments won't be part of that momentum in North America, according to new Gartner research.

MasterCard has approved a pair of EMV-chip cards jointly developed by Inside Secure and CPI Card Group.

About half of the customers who use JPMorgan Chase's Liquid prepaid card are financially underserved, and 30% of them have no other relationship with a bank, an executive said today.

FARMINGTON HILLS, Mich. – Community Choice CU introduced a new member rewards program this morning that will pay out as much as $1 million to members who make the credit union their primary financial institution.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

VeriFone is blunt about the issues plaguing the terminal maker and is working to restore its customers' confidence as it seeks a permanent chief executive.

Signature Card Services will give away EMV-enabled point of sale terminals to client merchants in the U.S. in an attempt to ease the transition to the chip-card standard.

Visa is aggressively building its presence with mobile point of sale vendors in an effort to attract the merchants that still don't accept electronic payments and rely heavily on cash and checks.