Fintech

VeriFone Systems Inc. shares tumbled as much as 35 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates, amid weak economic conditions in Europe.

LOUISVILLE, Ky. – L&N FCU has signed with INVEST Financial Corp. to provide its members with brokerage and investment services.

The National Bank of Abu Dhabi is providing a customer service and security boost for its 570-unit ATM network throughout the United Arab Emirates.

Square Inc. is introducing hardware designed to work with its mobile-payment software, seeking to replace cash registers by companies including NCR Corp. and stepping up competition with eBay Inc. and Intuit Inc.

Huntington, which currently has 31 branches and 53 ATMs in the state, said it expects the machines to be installed by the middle of March.

The national credit card delinquency rate increased in the fourth quarter compared with both the year-ago period and the previous quarter, according to TransUnion.

The architect of an operation that allegedly distributed illegal robocalls offering credit card interest rate reductions is banned from telemarketing under a settlement with regulators.

Many merchant payment systems lack the technology needed to safely store card data, resulting in 70% of merchants not meeting data security requirements, a new report says.

CoreFirst Bank and Trust is under pressure on two fronts when it comes to payroll cards. It faces strong competition from large banks and other rivals, as well as a heavy state and national regulatory burden.

Card issuers are increasingly using social networks, coupons and rewards to boost mobile payments, but it’s a plan that can backfire if the initiatives get the wrong mix of marketing, demographics and delivery channels.