Fintech

As banks look for ways to get revenue from free services like bill pay, they risk becoming a target of public outcry, as Verizon Wireless did over its planned $2 fee for certain bill payments.

The recent discovery of payment-terminal tampering at 24 outlets of California’s Lucky Supermarkets chain is raising fresh questions about the possible role of insiders in such highly coordinated crimes.

In a trend that gained strength the past year, payments and fraud-protection software and hardware providers continue to view Latin America as a land of opportunity.

A court in the United Arab Emirates has passed a landmark card-fraud judgment, laying the legal ground rules for the responsibilities of all involved parties, including card issuers, cardholders and merchants.

To a consumer, reloadable prepaid cards may look and act like debit cards, but to a banker they come loaded with a distinctly different set of risks.

CU: SouthPoint FCU

With all eyes on Wal-Mart Stores Inc. as a potential disruptive force in the banking world, some might overlook major recent innovations coming out of the No. 2 retailer, Target Corp.

Verizon Wireless plans next month to impose a $2 fee for every payment subscribers make over the phone or online with their credit cards, the telecommunication company announced Dec. 30.

Bancnet Inc., a Philippines-based ATM network, has begun offering outsourcing services to small, local banks in the country that cannot afford to deploy their own teller machines.

Security managers guarding bank account, credit and debit card data should take protective measures up a notch in 2012, new research suggests. Perhaps even two notches.