Fintech

NEW YORK – The powerful retailers lobby reiterated its opposition to a proposed antitrust settlement with Visa and MasterCard settlement submitted Friday to the federal court, even after minor amendments to the proposal—setting up a potential battle royal in court.

American Express Co. reported third-quarter net income of $1.25 billion, up 1% from the same period a year ago, as customer spending grew worldwide.

Establishing contactless card payments in taxicabs in Barcelona, Spain provides another indication that La Caixa Bank intends to make the city a case study for new payment methods.

A group of nine retailers asked a federal judge to approve a multibillion dollar settlement of a lawsuit challenging the way banks and credit card networks set interchange fees.

ATM manufacturer Wincor Nixdorf has joined competitors Diebold and NCR in producing a smartphone app meant to help consumers save time at the ATM.

Is tiny the next big thing for independent sales organizations? That’s the dilemma ISOs have been facing ever since Square Inc. came on the scene two years ago, promoting card acceptance to babysitters, gardeners and yard-sale entrepreneurs.

Many payment products started out as something else, and many payment execs came to the industry from different backgrounds.

NCR received a subpoena from the U.S. Securities and Exchange Commission over a whistle-blower’s claims that it may have violated anti-bribery laws.

ReadyForZero is one of many companies that provide personal financial management tools to help consumers get a grip on their finances by letting them collect spending data from multiple accounts. Many of these providers do not allow payments, largely out of security concerns.

PayPal is streamlining its operations, consolidating nine different product teams into one organization.