Fintech

A new PayPal-branded prepaid product introduced Thursday provides consumers the ability to convert cash into online funds without using a traditional bank account or payment card.

The Federal Trade Commission shut down an operation, pending trial, that allegedly tricked consumers into paying hundred of dollars based on empty promises of lower credit card interest rates.

As more retailers begin using quick-response (QR) codes for mobile payments at the checkout line, Bank of America is introducing the codes at the teller line.

ATM vendor Payment Alliance International will offer foreign travelers in the U.S. the ability to view real-time currency conversions through a technology partnership with payments processor Planet Payment.

MIDLAND, Texas -- Representatives of My Community FCU went to the home of members Ramon and Elvira Garcia Wednesday with an oversized check for $20,000, flowers and confetti to award the Garcias the credit union’s promotional loan pay-off.

WYOMISSING, Penn. – Discovery FCU has partnered with Collegiate Funding Solutions to provide its members with a college planning tool to help them save for college and learn financial strategies to cut costs.

A significant setback to adoption of current person-to-person payments technologies is that the transactions often can’t happen in real-time. But by repurposing existing industry infrastructure, companies are devising new methods that make P2P as close to instantaneous as possible.

The executive shuffle is ramping up at Visa. The payments company announced Dec. 12 that John Partridge will retire as the company’s president at the end of March.

TransUnion released its annual forecasts Wednesday on two primary consumer credit variables - credit card and mortgage delinquency rates.

Cardtronics Inc.’s Canadian subsidiary has purchased the ATM services company Can-Do-Cash Ltd.