Fintech

A chip-and-signature route to U.S. EMV adoption certainly would be less painful for banks and merchants than would the chip-and-PIN approach used most everywhere else, but taking the easy way out carries risk.

A technical problem affecting the Visa network barred consumers from using their credit and debit cards for about 45 minutes on Sunday, the cards company said.

Bank of India Ltd. has signed an agreement to use TimesofMoney’s remittance services to support funds transfers from the United Kingdom, the Chennai-based bank announced March 29.

Express Credit Union is driving new memberships by deploying four "community member service representatives" to sixteen local non-profit organizations.

WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).

ATLANTA – Visa has taken a rare step and dropped payments processor Global Payments Inc. from its list of approved service providers after the company reported last week that as many as 1.5 million credit union and bank card accounts may have been compromised by hackers.

SAN FRANCISCO -- A technical problem affecting the Visa network barred people from using their credit and debit cards for about 45 minutes on Sunday, the cards company said.

SAN ANTONIO – Security Service FCU on Friday said it has expanded it field of membership to serve employees, students and alumni of The University of Texas at San Antonio.

DALLAS – Dallas Telco FCU is shedding its telephone company roots and adopting a new moniker, GO FCU, to better reflect its broader geographic field of membership.

A data breach at a card processor may have affected more than 10 million Visa and MasterCard accounts, security expert Brian Krebs reported March 30 on his blog.