Fintech

ItzCash Card Ltd., a Mumbai-based prepaid cards provider, has launched a Visa-branded prepaid card with Development Credit Bank Ltd., the companies announced Jan. 26.

MasterCard Worldwide didn’t come right out and say it, but the card brand is encouraging U.S. issuers and merchants to embrace chip-and-PIN technology as part of a migration to the EMV smart card security standard in the next three years.

The recession left its mark on many industries, but if it had a silver lining for 7-Eleven Inc., it may have been the opening it created to get into a more-profitable array of financial-services products in response to shifting consumer demand.

The video-game industry is amping up its defenses after hackers penetrated numerous payments systems last year.

Identity security and mobile payments are driving merger-and-acquisition activity in the payments industry as large companies strive to keep up with each other and the latest technology.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has named the three finalists for the second annual CO-OP THINK Prize, which includes a $10,000 grand prize presented by MasterCard.

CHICAGO – AFL CIO Employees FCU last week was approved by NCUA to add the Service Employees International Union, Local 1, to its field of membership.

COLLINSVILLE, Ill. – Scott CU, a former defense credit union that now serves 17 southwest Illinois counties, was approved by state regulators in Missouri to serve almost 1 million residents in adjacent St. Louis County, Mo.

As preparations unfold for the U.S. payment system to convert to smart cards, merchants across the country would prefer to see a clearer process established to reach that goal.

ATM maker NCR Corp. has bought a minority stake in uGenius Technology LLC.