Fintech

When Anthony Salas counted the number of point products and services that Anchor Bank was managing to drive its information-technology infrastructure, the number was far more than a dozen.

A Chinese ministry wants to cap the fees associated with accepting credit cards now that card penetration and spending in the country has made it financially feasible for card issuers and the country’s card network to support the limits.

The ongoing battle between low-cost airlines and the United Kingdom government over card surcharges reached a climax Dec. 23 when the country’s Office of Fair Trading announced plans to ban what it considers to be excessive fees across different travel and entertainment channels.

WASHINGTON – The Consumer Financial Protection Bureau is seeking comments on whether and how to revise Regulation E, which governs implementation of the Electronic Fund Transfer Act.

Commerce Bancshares Inc.'s banking unit has agreed to pay $18.3 million to settle a class action involving overdraft fees.

You scratch my back, I'll scratch yours.

How wide should credit card lenders open the gates to borrowers after slamming them shut during the recession when losses soared? It depends on their analytics.

From the beginning, Asian countries have been ahead of the curve in testing and deploying mobile-payment systems.

Diebold Inc. has begun installation of 12 new ATMs featuring advanced self-deposit and denomination-acceptance capabilities in The State Bank of Canton Ticino in Switzerland, the ATM manufacturer announced Dec. 22.

Douglas Bergeron was focused in the fall of 2010 like a laser on a single goal–orchestrating his company's hostile acquisition of Hypercom Corp. Bergeron had already built VeriFone Systems Inc. into a force in point of sale terminals. Its card-reading devices graced countertops of retailers in dozens of countries.