Fintech

WOODBURY, Minn. – Postal CU is giving away $1,000 a week in cash prizes through the end of 2011 for members who use their debit cards.

Based on a groundswell of optimism surrounding Near Field Communication payment applications on display this week at the Cartes & IDentification conference in Paris, executives at NXP Semiconductors are eager to counter criticism from some quarters that NFC is too complex and bank-centric to catch on widely.

European card issuers continue to report more ATM-related fraud losses associated with their cards’ use in the United States than in any other country, a new report reveals.

The name of Visa Inc.'s digital wallet, V.me, understates its ambition for the service. That may turn out to be a smart branding move.

New technology tools are emerging in the market that merchant acquirers can offer or merchants themselves can adopt to comply with Payment Card Industry data-security standards.

The Central Bank of Nigeria has established new guidelines governing the setting up and management of offsite ATMs in hopes of spreading financial inclusion across the country.

Chip-based fuel cards soon may replace magnetic stripe versions oil companies issue for use at European gas station stores and fuel pumps.

Some analysts may question the viability of mobile-payments applications, but MocaPay Inc. is making some changes to help them along.

Credit card debt fell 11% to $6,600 in October compared to the year-ago period but is up 1% since September, according to Credit Karma’s latest U.S. Credit Score Climate report. Credit scores nationally dropped to 661 in October, down five points from October 2010 and two points from a month ago.

Consumers’ outstanding credit card debt increased during the third quarter, while the proportion of consumers falling behind on their monthly card-account payments rose for the first time in nearly two years, according to a report TransUnion LLC released Tuesday.