Fintech

TUKWILA, Wash. – The benefits of the consumer sentiment that led to Bank Transfer Day continue to pour in at $9.6-billion BECU.

Many merchant-funded rewards companies try to entice bank credit or debit card holders with offers in their online statements. Two vendors are teaming up to bring those offers to the broader Web.

Getting businesses to adopt electronic payments has been frustrating for banks, which still face high use of paper checks and exceptions.

Phishing is old news, which is part of why it is so dangerous today.

The trend of U.S. credit cardholders putting credit card payments ahead of mortgage payments that began in early 2008 shows no sign of abating in the immediate future even as the economy gradually improves, a team of TransUnion LLC analysts contends.

Starbucks Corp.’s ability to integrate its closed-loop prepaid card with a loyalty program has helped drive customer usage of the company’s smartphone application to make mobile payments, notes one industry observer.

The battle between insurance firms and credit card networks in South Korea has intensified as both sides refuse to back down from their respective positions on the issue of card-related fees, opening the door to potential regulatory intervention.

By upgrading its compliance-reporting software, ControlScan Inc. plans to save independent sales organizations and merchant acquirers time and money when helping small-business merchants remain compliant with the Payment Card Industry Data Security Standard, the data-security program provider announced Dec. 2.

Meriwest Credit Union of San Jose, Calif., will use VSoft Corp.’s technology for remote deposit capture in branches and at ATMs, the vendor announced Dec. 6.

Western Union Co. has launched its Small Business Payments service, the company announced Dec. 6.