Fintech

After a frustrating year of knocking on doors, Sandra Young still couldn't persuade merchants to sign up for transaction services. She then decided to dedicate herself to a chore not many independent sales organizations or sales agent relish – convincing gas station owners and managers to accept card payments at the pump.

SPOKANE, Wash. – STCU announced plans this morning to expand into the historic downtown Hutton Building, in hopes the city landmark, acquired by the credit union in a 2012 foreclosure, will help spur downtown development.

Despite some glitches that are hampering vigorous adoption, the companies targeting mobile payments are finding success in forging brand connections. The problem is their connections are with narrow constituencies, and are often based on competencies beyond mobile payments.

ShopKeep, which provides an iPad point of sale system, began supporting payments from SCVNGR's LevelUp loyalty and mobile payment system this week. One early adopter is already reporting success with the combined system.

ORLANDO, Fla. – Two local credit unions, Central Florida Educators CU and Orlando FCU, have joined eight banks and community organizations to offer financial lifeline services to the area’s unbanked in a new Bank On Greater Orlando program.

LANSING, Mich. – Lansing Automakers FCU has been approved to convert to a state charter and expand its field of membership to eight surrounding counties, which contain approximately 800,000 people.

Merchants shouldn't have their heads in the clouds when it comes to data security — especially when they rely on cloud computing to handle payment card data.

Visa's V.me digital wallet is picking up momentum and the initiative is "right on the point of the spear" of the card network's product development strategy, Visa says.

Eager to ply consumer data analytics as a carrot for issuers, MasterCard Advisors on Thursday announced a development partnership with data analytics company Mu Sigma, in which MasterCard purchased an equity stake.

Loss mitigation strategies for the payments business are getting a technology makeover that includes the same kind of emerging analysis used to attract consumers in the first place.