Fintech

ORLANDO, Fla. – Two CEOs who have taken different paths to arrive at similarly successful places when it comes to returning value to members emphasized the same points to attendees at Credit Union Journal’s Grow Show here: success requires a sound strategy and singular focus.

SAN DIEGO – San Diego County CU said this afternoon it has introduced a new capability for its mobile technology which allows Visa card holders to transfer their credit card accounts from other financial institutions to a San Diego County CU Visa credit card.

With a data breach dispute between Visa Inc. and Nashville-based retailer Genesco Inc. heading toward a July 2014 trial, Visa lawyers are asking a federal judge to dismiss some claims in a lawsuit Genesco filed against the card brand.

The credit card delinquency rate - the ratio of borrowers 90 or more days past due - fell to 0.69% in the first quarter ended March 31 from 0.73% in the year-ago period, according to credit bureau TransUnion.

DataCash, a MasterCard payments processing subsidiary, and Redecard will partner to sell electronic commerce products to merchants in Brazil.

LevelUp has made constant changes to its mobile-payments technology as it has aggressively spread its system to new consumers and merchants alike. Today, it is in the process of eliminating issues by replacing its older systems and is promoting a white-label app to appeal to more merchants.

CardSpring and VeriFone Systems Inc. allow consumers' credit and debit cards to act as loyalty cards for redeeming digital coupons.

Visa issuers have put 3.5 million chip-based smart cards in the hands of U.S. consumers since the card brand announced its EMV-card migration roadmap in August of 2011, a Visa executive says.

Starbucks attributes the widespread use of its mobile payments app to a "seismic change" in how consumers use mobile phones and social media. The company expects a further surge in adoption as its rewards system expands to grocery stores.

Payleven's EMV-chip mobile card reader has found a spot on Apple Inc.'s retail shelves in Europe and on the company's website.