Fintech

In a move to open the e-commerce market between Taiwan and China, Taipei-based E. Sun Commercial Bank Ltd. has entered into a partnership with Alipay Inc., China’s leading online payment service provider.

One of Thailand’s biggest banks wants the country’s central bank to impose a fee for over-the-counter branch transactions in a push to move the country toward electronic payments.

It sounded like a good idea 10 years ago, but not much makes sense any longer regarding Europe establishing a third card scheme to compete with Visa Inc. and MasterCard Worldwide.

Premier Health Exchange Inc. has formed a business division to deliver electronic payments to health care providers upon settlement of valid and payable medical claims and reconciliation, the provider of health care cost management services announced March 19.

BIRMINGHAM, Ala. – Alabama Telco CU said it has teamed with First Data Corp. to provide merchant services for point-of-sale payment solutions, terminals, loyalty programs, gift cards and payroll cards.

Direct-response merchants, including many that sell products online and through TV infomercials, are reaping tangible benefits from the Durbin amendment that cut their debit card transaction costs.

When Discover Financial Services last week announced its EMV smart card conversion timetable for the United States, it again stoked debate over whether card networks and issuers should embrace the chip-and-PIN or chip-and-signature formats.

Through its MyCFE4Schools debit card partnership program, CFE Federal Credit Union, formerly known as Central Florida Educators Credit Union, recently donated $90,000 to the Orange, Seminole and Osceola County school boards to support funding of school programs.

WEST PALM BEACH, Fla.-A brand-new resource to assist credit unions in growing and serving members is now available: CUllaborationNation.com.

LEXINGTON, Ky.-One credit union's message that putting lipstick on a bank doesn't change the fact it's a bank is being credited for driving new memberships here.