Fintech

There's no turning back — prepaid cards have left a permanent mark on banks, card networks, alternative payment providers and more. Some might consider that mark to be a scarlet letter, but many now wear it as a badge of honor.

Ingenico SA agreed to offer Shift4 Corp.'s gateway offering as part of the French terminal maker's point-to-point encryption portfolio.

ALEXANDRIA, Va. – NCUA announced this afternoon it will award one low-income designated credit union a $50,000 grant for the best proposal that results in long-term savings to a credit union through collaboration.

Bancsource Inc. is handling first-line and second-line maintenance of International Bank of Commerce's 313 Diebold ATMs in Texas and Oklahoma.

Groupon's push into the payments business continues with an update that brings its mobile card reader to Android phone users.

VIENNA, Va. – Bolstered by the Bank Transfer Day wave and a tide of new branches, Navy FCU added 600,000 new members in 2012--more than twice its previous record of 230,000 for 2011—giving the world’s biggest credit union more than 4.2 million members worldwide.

The card giant also announced a series of unexpected expenses that will crimp earnings, including a $342 million charge relating to rewards points.

Surcharge-free ATM networks are expanding in Canada. The push is being led by Canadian credit unions as well as the efforts of U.S.-based Cardtronics.

WYANDOTTE, Mich. – Wyandotte FCU, a $90-million credit union that serves 110 select groups, has converted to a community charter and changed its name to NuPath Community CU.

American Express announced plans for 5,400 layoffs after the stock market closed Thursday, citing technological changes to existing business lines.