Fintech

PNC Financial Services Group Inc. is offering a mobile app that uses "augmented reality" to help customers locate branches and ATMs.

ESL Federal Credit Union has introduced a suite of prepaid gift and reloadable Visa debit card products in conjunction with PSCU Financial Services, the companies announced this week.

A year ago, banks expressed an interest in mobile banking and payments during discussions with Fiserv Inc. This year, those that have not already made a real play to support the technology appear ready to do so, Fiserv says.

China UnionPay earlier this month announced transit card interoperability for the city of Guangdong’s Zhongshan Links and Macau’s Macau Quick Pass cards, opening up intercity travel for the two cities’ residents.

WASHINGTON – Key congressional backers of a 2009 law that strengthened consumer protections for credit card users are now concerned that the Federal Reserve Board has gone too far with regulations that could restrict credit to stay-at-home mothers.

ROCHESTER, N.Y. – ESL FCU has introduced a new suite of prepaid gift and reloadable Visa debit card products, in conjunction with PSCU Financial Services.

Visa Inc. may be preparing to debut its ties to Google Inc.’s Google Wallet mobile-payments scheme in London at the 2012 Summer Olympic Games, sources suggest.

Google Inc. and Amazon.com Inc. are just starting to rev up their marketing engines for their daily-deal services. Groupon Inc. and LivingSocial are the mainstays for now, but all four companies soon will face competition from PayPal Inc.

Various technology and banking analysts have identified mobile banking as a hot area for new and expanded information-technology investment, with Ovum and Celent, for example, both placing mobile high on their list of bank IT priorities for the next year.

Kenya has introduced rules to compel banks and card networks to improve their security standards to check the rise in ATM fraud in the East African country.