Fintech

BOCA RATON, Fla. – Organizations seeking to become the worldwide leader in financial institutions got some lessons – and laughs – from the worldwide leader in sports.

Cross-border spending and a healthier U.S. credit card market helped boost Visa Inc.’s fiscal second-quarter earnings, the card brand announced May 2.

MasterCard Worldwide says it’s gaining U.S. debit card market share, and it’s not being quiet about it. And why not? It’s been stuck hovering between a 20% and 25% share for a very long time.

Continued transaction-processing growth and an improved capability to process debit card transactions in the United States helped to boost MasterCard Worldwide’s first quarter earnings.

BOCA RATON, Fla. – Video of a focus group of consumers made for some awkward and uncomfortable moments for credit unions, as the participants expressed views ranging from broad misunderstandings to negative assessments of credit unions.

BOCA RATON, Fla. – Paul Yang, CEO of Premier Community CU in Stockton, Calif., was named winner of the $10,000 THINK Prize from CO-OP Financial Services last night.

This story was updated from its original version.

A consulting firm that helps companies reduce their transaction costs is now flipping the model upside down to maximize acquirers’ pricing.

China UnionPay and Taishin International Bank Ltd. have signed a memorandum of cooperation to expand acceptance of UnionPay credit and debit cards in Taiwan, the companies announced last week.

BALTIMORE–Both sides of the U.S. payments spectrum generally are unhappy with government-mandated payment regulations and policies, but there is no clear consensus on a better approach to creating a level playing field.