Fintech

HSBC Card Services plans to close a collections call center in Chesapeake, Va., resulting in the loss of 164 jobs, according to the Virginia Workforce Network.

A federal grand jury indicted three people on charges of making counterfeit credit and debit cards after seizing more than 90,000 bogus cards.

LIVE OAK, Texas – Randolph-Brooks FCU gave members a $7 million Valentine’s Day present yesterday in the form of a debit reward.

The Dunkin' Donuts iPhone app now integrates with Passbook, the software-based mobile wallet that stores payment cards and tickets from other mobile apps and typically relies on displayed bar codes for redemption.

PayPal has attracted some big names to accept it at the point of sale, but it has a long way to go before its digital wallet is a part of everyday consumer life. A recent partnership with the fuel pump technology company Gilbarco Veeder-Root has the potential to change that.

Merchant service providers need to be aware that payment gateway technology is likely to provide answers to most of the questions merchants may ask when navigating the dizzying array of new payment rules and technologies.

While the U.S. inches toward adoption of the EMV chip-card standard, some card makers and issuers are finding they need to move faster than others.

AUGUSTA, Maine – Maine credit unions have been authorized to sell new commemorative license plates marking next year’s World Acadian Congress, the first commemorative plates produced by the state since the United States celebrated its Bicentennial in 1976.

NetSpend Holdings earned $10.1 million in the fourth quarter of last year, a 5% increase from the same period a year earlier.

Visa Inc. and MasterCard Inc., the world’s biggest payment networks, won dismissal of a price- fixing lawsuit brought by a group representing operators of automated teller machines.