Fintech

London commuters are supposed to be excited about the prospect of their Tube underground rail system adding acceptance of any bank’s contactless payment card. But it may take time for them to break the habit of using the popular Oyster contactless prepaid transit card.

DULUTH, Ga. – Georgia state regulators approved a bid by Georgia United CU, formerly known as DeKalb County Teachers FCU, to serve all 700,000 residents of DeKalb County.

Mainstream consumers are still slow to adopt newer payment technology, but several cities are pushing ahead of the rest of the world.

Payments processor TransCard LLC is putting a new meaning behind the phrase "time is money." The company is working with Watch2Pay LLC to provide U.S. banks with wristwatches built with MasterCard PayPass contactless chips and linked to a prepaid card account.

Penalty fees fell 8% among credit card issuers last year, an industry consultant estimates.

Visa Inc. is urging its shareholders to reject a proposal by activist investors that would require the card network to reveal detailed information about its lobbying activities.

BOSTON – The Federal Home Loan Bank of Boston announced this morning it has awarded a $400,000 grant to Coventry CU to help developers build a 40-unit affordable housing project in Coventry, R.I., one of 48 grants awarded by the FHLB.

A computer hacker from the online activism group “Anonymous” was sentenced in Britain to 18 months in jail for conspiring to attack the websites of Visa Inc., PayPal Inc., MasterCard Inc. and others.

Square Inc. said Chief Operating Officer Keith Rabois has resigned, marking the departure of an executive who has helped the company grow to more than 3 million customers. Chief Financial Officer Sarah Friar will become acting COO.

Synqera is trying to set itself apart from rivals in the targeted-offer crowd by using point-of-sale hardware with data collection tools that look at everything from weather patterns to the shopper's mood.