Fintech

The prepaid card provider SelectCore Ltd. announced the addition of an online bill payment offering.

HOUSTON – El Paso Corporation FCU said last year’s takeover of its corporate sponsor by pipeline giant Kinder Morgan forced the $125 million credit union to seek a merger mate and has asked regulators for permission to combine with $335 million First Service CU.

Cardtronics announced the creation of a chief information security officer position that will be held by its current chief information officer, Jerry Garcia.

State attorneys general and the Federal Trade Commission have regularly skirmished with the collection industry over what they regard as the use of aggressive legal tactics supported by scanty records.

The amount of new credit card limits opened in the first three quarters of 2012 hit $675 billion, up from $523 billion during the same period in 2010, according to Equifax's National Consumer Credit Trends Report.

GADSDEN, Ala. – Family Savings FCU has switched to a state charter, easing the way for the $200-million credit union to serve more potential members in Alabama and Georgia.

PayPal experienced its fastest active account growth rate in years during the fourth quarter, according to parent company eBay Inc. This growth of 15%, to 122.7 million active accounts, came in part from the company's activity in mobile commerce.

Research in Motion Ltd. received a significant stamp of approval for its software from Visa Inc. Visa has approved Waterloo, Ontario-based RiM's secure element manager software for Near Field Communication mobile payments.

Square has built its reputation as a quick and simple way for micro-merchants to accept card payments, but the company says it has proven it can serve the more demanding needs of larger retailers.

Payments acquirer WorldPay US is working with Discover Financial Services to allow merchants with brick-and-mortar stores to accept PayPal at the point of sale.