Fintech

All South Korean point-of-sale terminals now accept China UnionPay cards through a deal with South Korea’s BC Card Co., the companies announced Oct. 21.

ZAO Citibank has launched a free service that enables Moscow residents to pay their city real-estate, telephone and energy bills automatically by billing to their Citibank debit or credit card accounts, the Moscow-based company announced Oct. 17.

Consumers still are conducting a high number of cash transactions per month, survey data the Federal Reserve Bank of Boston released in June show.

Accepting card payments with a mobile phone is becoming as American as baseball and apple pie now that Wal-Mart Stores Inc. is selling the Square Inc. reader that turns any smartphone into a card-acceptance device.

Travelex Global Business Payments Inc. is using new software to offer an online payment program designed to save U.S. universities time and money by eliminating manual tracking when various exchange fees cause an international student’s payments to be less than what is owed, the Washington, D.C.-based company announced Oct. 13.

The recent arrests in New York related to what some have called the biggest counterfeit credit card scheme in U.S. history prompted some observers to suggest that recent actions in the U.S. to adopt chip card technology could put an end to such crimes.

United Solutions Co., a credit union service organization owned by five area credit unions and one former credit union, has agreed to license the card-customization technology owned by Serverside Group.

Genome projects map the relationship between human DNA and musical preferences, so why not that of consumers and their cards?

New caps on debit card interchange fees that took effect Oct. 1 will reduce gross revenues by $4 million this quarter and by $17 million to $19 million per year, according to the chief executive at Associated Banc-Corp in Green Bay, Wis.

Security Service Federal Credit Union has signed with VSoft Corp. to implement the company’s back counter capture and ATM remote deposit capture services to decrease response times and improve employee and member experiences.