Fintech

Safeway, the second-largest grocery chain in the U.S., is planning an initial public offering of a minority stake in its Blackhawk Network business.

Ingenico continues to pursue U.S. market share to capitalize on the breakup of rival payment-terminal maker Hypercom last year, and wireless terminals are a key part of that strategy.

The FTC is mailing refund checks to 4,468 consumers who allegedly were defrauded by a telemarketer who used robocalls to pitch bogus credit card rate reduction programs.

Online marketplace Etsy is putting more marketing muscle behind its PayPal alternative, Direct Checkout, as it waives processing fees this month and makes Direct Checkout a requirement for accepting its virtual gift cards, which launch next month.

Credit unions are trying to join the prepaid card phenomenon by providing members lower fees than banks charge.

PayPal's deal to receive point of sale payments over Discover's network may not be as beneficial for Discover's offerings, particularly its Pulse PIN-debit network, as it is for PayPal's. But it's still a good deal for Discover.

FERNDALE, Mich. – Credit Union ONE awarded $2,000 this summer by randomly giving members $50 bills instead of $20 bills when they visited the credit union’s Grand Rapids ATM.

BOSTON – The City of Boston CU is looking into how members’ relationships translate into profits in the hopes of moving to relationship-based pricing.

MADISON, Wis. – Filene Research Institute’s i3 incubator proposed a mortgage to help buy junior his first house with equity pledged by other relatives, plus a dedicated text message to help prevent member overdrafts, among eight new innovations for credit unions.

Burroughs has acquired Absolute ATM Services and intends to integrate the ATM independent sales organization with its maintenance services and transaction technology operations.