Fintech

NEW YORK – Nassau Educators FCU, Long Island’s third-largest credit union, on Tuesday unveiled a new TV commercial to mark its new branding campaign, called “Better banking because we’re not a bank.”

Heartland Payment Systems Inc.'s executive chairman and CEO, Robert Carr, leaves little doubt as to where he sees his company's mobile pay future heading — attached to the wagon of mobile-payment pioneers such as LevelUp.

First Data is having a busy week. On Sunday it announced a new CEO, who started the job Monday. And today, it had a tough earnings call where the company admitted it could do more to leverage its considerable data to expand the services it sells to clients.

SAN DIEGO – CUSO Financial Services said this afternoon it is partnering with TRUST, to offer the credit union mutual fund family managed by Callahan Financial Services to its credit union customers.

Discover has signed contracts with 50 merchant acquirers to enable PayPal's in-store payment system to pass 2 million merchant locations by the end of 2013, the card brand said.

ATLANTA – First Data Corp. said it hired Frank Bisignano, co-chief operating officer at JP Morgan Chase, as its CEO, as losses continued to mount from its huge 2007 leveraged buyout by Kohlberg Kravis Roberts & Co.

Merchants have a vastly different receptiveness and understanding of the U.S. conversion to EMV-chip payment cards, and VeriFone is taking a diverse approach to appealing to them all.

Nintendo built a Near Field Communication chip into the tablet-like controller of the Wii U game console it launched late last year, and the video-game giant says it is now considering using that chip for payments.

Taxicab drivers and their passengers will soon be able to test new mobile hailing and payment systems, following the launch of an e-hailing pilot program and updates to New York City’s regulations for in-car payment terminals.

China's state-backed UnionPay payment network seeks a larger presence in the U.S., starting April 29 with a new prepaid card that banks in Asian-American communities will market to consumers who travel to China and other foreign countries, according to news reports.