Fintech

Though Heartland Payment Systems claims its “Durbin Dollars” debit-pricing campaign contributed to its most profitable quarter ever, the processor is also encountering the limitations of that model at a time when many new technologies threaten to disrupt the way the payments industry does business.

Just as it has done in the past for other charities, Wells Fargo (WFC) is allowing its automated teller machine customers to donate to the American Red Cross in the wake of Hurricane Sandy.

Visa Inc. announced adjusted quarterly net income of $1 billion on Wednesday, up nearly 14% from the same period last year, as revenues grew by 15%.

Government benefits departments in Canada can now instantly issue open-loop, reloadable prepaid cards, which reduce costs by eliminating the need for checks.

California-based Tipalti offers an automated mass payment system for companies to send money with a wide range of payment methods to their partners all over the world.

The second-largest payments network, which reported $772 million in third-quarter profits on Wednesday, has room to grow internationally.

EMC has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.

MasterCard posted a third-quarter profit that beat analysts' estimates as U.S. consumer spending increased.

CHARLOTTE, N.C. – Charlotte Metro CU is launching an advertising campaign to tout its growth one year after Bank Transfer Day.

NEW YORK – Plaintiffs in the Visa/MasterCard antitrust case asked the federal court here last night asked for a two-day extension of tomorrow’s deadline for filing their opposition to the landmark settlement because of logistical problems caused by Hurricane Sandy.