Fintech

When crunching the numbers, it appears Square can't possibly make a profit in its new deal to process transactions for Starbucks.

As many as 8 million consumers using online banking from Online Resources Corp. could soon have access to merchant-funded rewards from Truaxis Inc.

NCR Corp.’s stock tumbled the most in two years after saying it received allegations about business practices that might violate U.S. laws.

The battle between retailers, issuers and the major card networks rages on, but behind the scenes, small electronic funds transfer networks suddenly have become more relevant in driving down payment-acceptance costs.

Bank of America announced the nationwide launch of its online rewards system, BankAmeriDeals. The system allows consumers to select deals online or through a mobile app and then redeem those offers by spending with a credit or debit card.

The national credit card delinquency rate dropped to 0.63% in the second quarter ended June 30 from 0.73% the previous quarter, according to TransUnion.

Total System Services is taking a different approach to sales by forming a joint venture with Central Payment Co.

As the demand for reloadable prepaid cards grows, distribution is expanding further beyond traditional venues such as convenience stores as more companies sell the cards next to long-established financial services such as funds transfers.

TSYS Healthcare will issue network-branded cards and process the card transactions under a deal the Total Systems Services unit reached with Acclaris.

A bank in Vietnam claims it has tripled its account base since it began offering cards with biometric fingerprint technology in June to the country's unbanked residents.