Fintech

The world hardly needs another grocery or convenience store, yet Trader Joe's has managed to overcome all that and become a market leader.

No one knows risk management like NASA does, and one real-life "rocket scientist" urged credit unions to embrace risk if they want to innovate.

As automated clearinghouse volume increases, securing ACH payments is becoming more difficult, particularly because mobile-payment providers and businesses are increasing their use of ACH payments to achieve speedy processing.

This is an updated version of an article posted earlier.

Targeting customers who may be afraid to use their debit or credit card or Internet banking service to shop online because of fraud concerns, the State Bank of India Ltd. has launched a virtual debit card.

NetSpend Holdings Inc. is reporting higher first-quarter revenue, but the prepaid card marketer experienced a loss it is attributing to expenses from litigation.

Visa Inc. lost a lot of its swagger when it revealed anemic debit card purchase-volume growth during the quarter ended March 31, plus the implications of a troubling Department of Justice investigation into the network's debit card policies that have irked merchants.

Nebo Djurdjevic figures recent developments affecting the cost of doing business in the U.S. payments industry have opened a door for his software company.

Cross-border spending and a healthier U.S. credit card market helped boost Visa Inc.’s fiscal second-quarter earnings, the card brand announced Wednesday.

SAN FRANCISCO – Visa shares slumped almost 5% in after-hours trading yesterday after the cards giant disclosed the U.S. Justice Department is investigating the company’s fee changes made in response to debit interchange regulations that are part of the Durbin Amendment.