Fintech

MoneyGram International Inc. once again produced strong revenue growth during the fourth quarter fueled by introducing funds-transfer services to developing nations. But costs associated with retiring debt and restructuring the company to become more competitive cut deeply into its profits during the quarter.

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

Datacard Group has made an investment in DeviceFidelity Inc., the maker of instant card-issuance technology announced Feb. 6.

The Durbin amendment to the Dodd-Frank law has sapped debit card revenue, but swipe fees are contributing a growing share of earnings at large credit card businesses.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

JPMorgan Chase & Co has come to a tentative agreement to pay $110 million to settle an overdraft fee class action, according to papers filed in federal court on Feb. 3.

More credit unions are turning to a prepaid card to help in their drive to solicit business from Hispanic consumers.

PLEASANTON, Calif.-It's been 100 days since Bank Transfer Day, and newly released data indicate that as many as 5.6-million Americans have changed financial institutions in recent months.

LOMBARD, Ill.-There is no shortage of strategies being rolled out in the wake of Bank Transfer Day.

SHOREVIEW, Minn.-Many credit unions entered 2012 with a wealth of new members as a result of Bank Transfer Day. But one person is advising CUs not to just lump those new members in with the rest after the first 90 days.