Fintech

Google's initial launch of its mobile wallet at a special event in New York last year was a flashy affair meant to showcase every feature and every partnership. Its approach this year is much more low-key, as is that of its rival Apple.

In a Q&A with PaymentsSource, CEO Philip Beck explains how technology can help manage the complexity of international payments and the value proposition it brings to merchant acquirers.

MOLINE, Ill. – IH Mississippi Valley Credit Union has signed with IQR Consulting to conduct an in-depth analysis of the cooperative’s credit card and checking account portfolios.

DENVER – Public Service CU, which expanded into two counties last year, has applied to Colorado regulators to serve almost 1 million people in the state’s El Paso and Douglas counties.

If things are truly bigger in Texas, then mPowa CEO Dan Wagner figures it's a good place for merchants to be able to accept credit card payments via mobile devices in those wide, open spaces.

As more credit unions use video tellers to reach a wider audience, NCR Corp. purchased uGenius Technology Inc., a provider of video banking software, to improve sales of such systems to larger banks as well.

Many banks have kept hybrid credit and debit cards in testing mode for lengthy periods, suggesting that single cards offering dual payment options are yet to live up to their initial promise—and may never do so. The one exception: Fifth Third Bank, which says its hybrid Duo card has been a success.

NCR Corp. purchased the Sandy, Utah-based video banking software maker uGenius Technology Inc.

Delinquencies on bank card payments fell to an 18-year low for the third quarter, and a combined ratio covering late payments in eight loan categories also dropped, the American Bankers Association reported.

MasterCard Inc. plans to introduce its contactless payment technology into Azerbaijan during the first half of 2013.