Fintech

New regulations that are sweeping across the banking industry, particularly the Durbin amendment to the Dodd/Frank Act, have financial institutions and other card issuers scrambling to find alternative ways to boost fee income as traditional revenue streams tighten over time.

The Secure Remote Payment Council reached a watershed moment of sorts last month when it cosponsored a one-day symposium with the Federal Reserve Board of Chicago.

Hypercom USA has changed its name to Equinox Payments LLC in a move that one analyst says should take no one by surprise.

Now that new Federal Reserve Board rules essentially have cut in half the interchange portion of the merchant acquirer expense for many debit card transactions, Global Payments Inc. plans to share “a significant amount of this” with its merchant clients, the company’s top executive told analyst during an Oct. 4 conference call to discuss fiscal first quarter earnings.

Passengers traveling by bus or train in Frankfurt, Germany, will have more options to pay for tickets using their mobile phones if they are carrying a Blackberry device when using the Rhein-Main Verkehrsverbund transportation system.

Visa Inc. has hired Gavin Krugel to work on its global mobile team to help the card brand to reach unbanked consumers in developing economies, Visa announced Oct. 5.

WASHINGTON–U.S. Rep. Brad Miller, D-N.C.., is introducing legislation designed to make it easier for customers to switch banks.

The launch of Amazon.com Inc.’s Kindle Fire in late September stoked the flames of the tablet war raging among providers such as Hewlett-Packard Co., Apple Inc., Research in Motion Inc. and Amazon Inc.

LAKE JACKSON, Texas – Texas Dow Employees CU has completed the merger of Bluebonnet CU, one of two Houston credit unions it is acquiring.

DENVER – Public Service CU has added more than 900,000 residents in two northern Colorado counties to its field of membership.