Fintech

The ongoing adoption of the EMV chip-card standard in the U.S. means credit and debit card issuers will have to consider new factors to offer the cards at their branches.

BALTIMORE – Municipal Employees CU of Baltimore announced this morning an agreement to acquire troubled $61 million Baltimore-based Advance Bank, the fourth credit union acquisition of a bank in the last 18 months.

Mobile commerce and digital payments are producing a staggering amount of information about consumers. Making the best use of this data is a challenge that some companies are trying overcome with technology and analytics.

Lawyers representing retail trade organizations in the class action over card swipe fees are preparing "a strong response" to allegations that they are misleading in how they urge their members to oppose the proposed settlement in the eight-year-long case.

The person VeriFone's board of directors chooses as its next CEO must move quickly to address the myriad challenges facing the point of sale terminal maker. But opportunities abound that make the company's revival a worthwhile undertaking.

PENSACOLA, Fla. -- Navy FCU announced this afternoon it is expanding its huge operations center here and will be hiring around 1,500 employees here later this year.

ReD plans to introduce its fraud prevention services in Latin America and the Caribbean, two growing card payments markets that are undergoing migration to EMV smart cards.

Bank-issued credit card delinquencies fell to 2.47% in the fourth quarter ended Dec. 31, the lowest mark since 1994, the American Bankers Association reported Tuesday.

Prepaid card users, once considered too risky for remote check capture, are getting more access to the technology.

TV chef Jamie Oliver is the latest celebrity to lend his name to a payments product, tying his image to charity fundraising through Prizeo.