Fintech

Diebold Inc. experienced drops in third-quarter revenue and profitability, but the ATM manufacturer’s top executive pointed to gains it made in North America during an Oct. 27 conference call with analysts to discuss the company’s earnings.

Mobile e-commerce is taking off rapidly in China, according to a report released Oct. 26 by the Beijing-based iResearch Consulting Group.

MoneyGram International Inc. on Oct. 27 reported solid third-quarter earnings growth, with a 58% increase in net income to $15.8 million from $10 million during the same period last year. Revenue increased 9.9%, to $321.9 million from $292.9 million.

CHICAGO— The International Anti-Counterfeiting Coalition will launch a portal-based reporting system to help acquirers monitor and get rid of fraudulent online merchants, Robert Caldwell, founding partner of Bellevue, Wash.-based G2 Web Services, told attendees here Oct. 27 during an Electronics Transactions Association leadership summit.

In many homes, the mom is in charge of the household finances because she often makes most of the spending decisions while caring for her children.

The transaction fee-driven autumn of discontent among big banks' customers would seem to be tailor made for BankSimple, whose founders have spent lots of time over the past year or so writing blogs and selling the idea of frustration with large banks as a consumer-acquisition play.

Banks are combating fraud with technology on a number of fronts, according to a Novarica study released this week.

Visa Inc. on Oct. 24 reported fiscal fourth-quarter net income of $880 million, up 13.7% from $774 million a year ago. Operating revenue for the quarter ended Sept. 30 rose 14.3% to $2.4 billion from $2.1 billion.

SACRAMENTO, Calif. – First U.S. Community CU has signed with Vantiv for single-sourced comprehensive electronic processing services.

Helped by strong transaction growth across all sectors, transaction processor Euronet Worldwide Inc. reported a healthy increase in third quarter revenue and positive adjusted cash earnings, the transaction processor announced Oct. 26.