Fintech

Discover Financial Services is facing a new lawsuit over the marketing of its payment protection and other fee-based credit card products — this time from one of its own shareholders.

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

It didn't take long for Jumio to release a new version of its Netswipe mobile software-development kit.

Norwegian banking group SpareBank 1 Gruppen will license Total System Services Inc.'s Prime 4 card-management system to support its issuance and issuer-processing activities under a deal the two companies announced.

Capital One Financial Corp. reported Wednesday that delinquencies and chargeoffs at its U.S. credit card business fell in July from the month earlier.

Pundits often criticize prepaid card providers for having high monthly fees, but the real market pressure is on the fees charged for ATM access. As it turns out, prepaid card users very much want to keep using cash — but they don't want to pay to get it.

Hackers seeking cardholder data most often find openings in a small merchant's payments network because of something a third-party vendor did or did not do when installing payment applications.

As more consumers try out Fiserv's person-to-person payment service, Popmoney, the tool is evolving to become as much a social tool as a payments one.

With newcomers like Square gaining momentum in mobile payments, processors are more aggressively offering customers reasons to stick with them as merchants accept more payments outside their retail stores.

Some recent advances in ATM technology are a clear benefit to independent, nonbank deployers — but others seem likely to cause more trouble than they're worth.