Fintech

The U.S. Government has charged eight people in a cyber-scheme that prosecutors say used stolen prepaid debit card data to drain millions of dollars from two banks in a matter of hours.

Southwest Airlines, Pacific Convenience & Fuels LLC, RaceTrac and Brinker International Inc. have joined the retailer-driven effort to establish a mobile wallet for merchants and consumers, the Irving, Texas-based MCX announced May 9. Brinker is the parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.

Anti-secrecy website WikiLeaks can again accept credit card donations after Valitor hf, the Icelandic partner of MasterCard Inc. and Visa Europe Ltd., began processing payments after losing a court case.

Near Field Communication technology has many detractors, yet it continues to advance as a mobile payments instrument. Banks should thus view NFC as an opportunity to ensure they stay relevant to customers' payments, according to a new Celent report.

Advantage Refreshments knows its vending machines look just like those operated by rivals, so it's trying to attract repeat business with a loyalty program from payments hardware maker USA Technologies.

Koupah, which is providing a new point of sale card acceptance tablet, aims to offset credit card transaction fees with ads.

ORLANDO, Fla. – Health insurance exchanges are a hot topic of credit unions, as Obamacare begins kicking in in 2014.

CardFlight aims to make in-person purchases easier by enabling merchants to accept swiped card payments within their own mobile apps.

U.K. retail giant Marks & Spencer is claiming big results in emerging payments technology.

Prepaid card accounts have hit their stride as a viable option for banks to target consumers who are unhappy with traditional products, a Javelin Strategy and Research report says.