Fintech

Total System Services Inc. will continue to process payments for U.K.-based Nationwide Building Society, considered the largest building society in the world based on its assets and 15 million members.

Financial-technology and payments company FIS has named its president and chief operating officer, Gary Norcross, to its board of directors.

Clip, which sells mobile payments technology in Spanish-speaking markets, has developed a mobile card reader.

Wal-Mart Stores Inc. and Amazon.com Inc. joined more than 30 of the biggest U.S. retailers in objecting to a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over merchant fees, saying the deal is meaningless when card companies can continue to fix the charges.

Mike Passilla, JPMorgan Chase's new merchant services boss, didn't take a sledge hammer to the digital payment startups that are chewing away at incumbent payments companies, but his message was clear—Chase is one of the biggest guys on the block, and it plans to use its data and technology heft to win in the merchant acquiring game.

REXBURG, Idaho – NCUA has approved an application from Beehive FCU, which serves members and employees of The Church of Jesus Christ of Latter-day Saints in Idaho, to serve all Mormons in Washington, Oregon, Montana, Wyoming and Nevada, too.

Retailers and the major card brands are throwing more legal punches at each other over the controversial proposed $7.25 billion swipe-fee settlement in a years-long anti-trust case.

New York City's newest public-transit option, which allows commuters to rent bicycles to get to work, got its first real road test today. Citigroup is contributing $41 million to be the chief sponsor and namesake, and MasterCard Inc. is behind the program's $6.5 million payment system.

In an increasingly crowded mobile card reader market, American Express Co. and Groupon have given a double-digit million euro investment to SumUp.

Vesta Corp. wants to provide the wallet that mobile operators would use to offer core financial services to underbanked customers through their prepaid mobile phones.