Fintech

Consumers now may exchange value from 131 merchant gift cards for a virtual currency under a partnership Plastic Jungle has struck with InComm's Zeevex.

U.S. Bancorp has begun offering corporate clients the ability to use virtual account numbers to handle travel expenses.

As smartphones with Near Field Communication become more common, the global market for NFC payments will grow to exceed $180 billion by 2017, a nearly eight-fold increase from $23 billion this year, a new report projects.

Last year, Citi began processing check and automated clearing house transactions in order from the lowest dollar amount to the highest, a move that minimizes the potential for overdrafts. Today, it wants to make sure consumers — and perhaps regulators — haven't forgotten.

Bank of America Corp., targeting $8 billion in expense cuts, reduced its automated teller network almost 9 percent this year by yanking most of the devices deployed at U.S. gas stations and malls.

ALEXANDRIA, Va. – Pentagon FCU announced this morning its Prudential PenFed Realty CUSO has acquired Prudential Professional Realty in Clarksville, Tenn., an independent franchise outside the Fort Campbell, Kentucky, military base, which has been rebranded as Prudential PenFed Realty.

Isis is seeking independent sales organizations to promote mobile payments to merchants in a test of its mobile wallet this year in Salt Lake City and Austin, Texas.

Higher cardmember spending and a rise in net interest income, driven primarily by the growth in card loans, helped boost second quarter revenues for the U.S. Card Services unit at American Express Co., the card brand announced July 18.

With leaner resources in other areas, we relied heavily on our staff to do more and they stepped up and did things that they had not necessarily been called upon to do in the past.

The human cost in our community — disrupted families, uprooted children, and caused divorces, stress, illness, etc. — has been much higher than the financial cost, in my opinion.