Fintech

Junk food and beer are staples at every sports game, and the KFC Yum! Center in Louisville, Ky., is adding another one: mobile payments with SCVNGR's LevelUp.

As more banks offer prepaid cards, some are tying the cards' pricing to other relationships with the bank — a decision that may send the wrong message to the underbanked consumers most likely to use prepaid.

Ingenico SA, a French provider of payment terminals and services, is seeking takeovers to expand outside Europe, said Chief Executive Officer Philippe Lazare.

As preparations continue for the migration to the EMV chip-card standard in the United States, payments companies must ensure that point of sale terminals are compatible with both card networks’ standards and the myriad card issuers on those networks.

Mobile apps from Starbucks and Dunkin’ Donuts may prove useful for on-the-go coffee guzzlers, but their approach may not translate well to other retail environments. A few companies are taking a different approach to modernizing payments for sit-down restaurants and other merchants.

WINSTON-SALEM, N.C. – Piedmont Advantage CU will enter nearby Wilmington with the acquisition of East Coast CU, a $9-million credit union with a single branch.

In an effort to foster innovation, the Consumer Financial Protection Bureau is launching a data driven initiative that will intially involve several financial-services startups.

Fifth Third Bancorp now offers its own prepaid card, called Access 360, which carries a $7 monthly fee and provides free cash withdrawals from Fifth Third Bank ATMs.

TransUnion's analysis of Canadian credit trends found that the average consumer's debt (excluding mortgage) jumped 4.6 percent to $26,768 in the third quarter, the largest increase in nearly two years.

Powa Technologies, Europe’s answer to Jack Dorsey’s Square, is considering an initial public offering after its U.S. competitor raised $200 million from investors including Starbucks.