Fintech

American Express is most popular for mail-order purchases on the West Coast and in the Northeast; Discover is most popular in the Midwest. Litle & Co. learned these and other trends in an analysis of its processing data.

PayPal's point of sale mobile payment system combines over half a decade of initiatives — and a few notable setbacks along the way.

Bank of America Corp. stopped selling credit card customers add-on products that halt borrowers' minimum monthly payments in case of a job loss or other hardship.

As a new partner for PayPal, an early partner for Isis and the first issuer to sign on to a new method of participating with Google Wallet, Discover Financial Services is establishing itself as a foundation for mobile payments initiatives.

PayPal next year will extend its reach through Discover Financial Services' network, enabling direct acceptance of the PayPal digital wallet at more than seven million U.S. merchants.

When credit card issuers find their portfolios aren't living up to expectation or within the strategy they set for them, they often put them up for sale. Could debit card issuers do the same?

LANSING, Mich. – The Michigan Commissioner of Financial and Insurance Regulation has signed an order authorizing CUSOs to provide small business equity investments to Michigan credit unions and their members.

Visa is offering a new data encryption service that could compete with third-party security vendors' offerings. The service's launch also indicates the card brand's growing desire to push beyond the requirements of the Payment Card Industry data security standards.

If the Shazam electronic funds transfer network had its way, smart cards issued with EMV chips would require a single PIN that would both open the chip and route the transaction for settlement. But "that's still under discussion," an exec says.

First Midwest Bank in Itasca, Ill., has expanded its ATM presence by joining the Allpoint Network.