Fintech

NCR Corp. on Jan. 5 joined with social organizations in India to launch an ATM designed to accommodate the blind.

The Members Group and Co-op Financial Services have entered into a strategic partnership to create the largest payment-services provider for credit unions, the companies announced Jan. 5.

Visa Inc. says it plans to convert $1.6 billion of the shares that it holds on behalf of credit unions and banks to help fund a potential $4 billion settlement with merchants over a civil price-fixing suit.

Mumbai, India’s financial capital, soon will have an integrated smart card-based transit-ticketing system if the plans drawn out by the city’s Metropolitan Region Development Authority play out.

SAN FRANCISCO – Visa Inc. said it plans to convert $1.6 billion of its shares which it holds on behalf of credit unions and banks to help fund a potential $4 billion settlement with merchants over a civil price-fixing suit.

Prepaid debit cards that come with celebrity endorsements over the years have showed little staying power while whipping up storm clouds of controversy.

Young consumers are so turned off by the prospect of overdraft and debit card fees that some are turning their backs on financial institutions.

The economy may be crawling back to normal in some sectors, but credit card industry revenue continues to fall, according to one longtime observer.

RICHARDSON, Texas – Texans CU has signed with INVEST Financial Corp. to provide its members with brokerage and investment services.

Payment innovation quickened its pace from technology to strategic partnerships last year, setting the stage for some dominant trends in 2012.