Fintech

As it charts its course in mobile banking, Ameriana Bank faces competition in its eastern Indiana footprint from much larger banks that have been offering mobile banking for years, such as JPMorgan Chase & Co. and PNC Financial Services Group Inc.

NEW YORK–Public outrage over new bank fees is paying off at financial technology startup PerkStreet Financial Inc.

Contactless card issuance continues to grow, creating an opportunity for providers of sleeves designed to protect such cards to prosper. But the need for such a security measure may be low, one analyst contends.

Citigroup Inc.’s lucrative partnership with American Airlines is widely expected to weather the carrier’s bankruptcy process.

Casio Computer Co. Ltd. plans to make available in February a handheld payment terminal designed for public employees who need to take card payments and provide printed receipts, the electronic devices manufacturer announced Dec. 1.

Payment card-based merchant-funded incentives are saturating the market, leading observers to predict market consolidation among service providers could occur soon.

Opportunities for new business are arising in Canada’s acquiring market as independent sales organizations work to develop an ISO model there, according to a report released last week by Maynard, Mass.-based Mercator Advisory Group Inc.

MFoundry Inc. has received $18 million in growth capital, the mobile banking technology provider announced Dec. 5.

PhoneFactor Inc. has added a smartphone application to its suite of out-of-band security products, the company announced Dec. 5. But its effectiveness will depend on user participation, one observer contends.

Green Dot Corp. has hired Visa Inc. veteran John MacIlwaine to be its new chief information officer, the prepaid card marketer announced Dec. 5.