Fintech

The vast majority of companies continue to fall short of complying with the Payment Card Industry Data Security Standard during their initial audit, with 79% failing and only 21% getting a passing grade, contends a report Verizon Communications Inc. released Sept. 28.

A transit open-loop fare collection pilot in New Jersey that uses a Visa-branded prepaid debit card could help change the traditional notions about how to distribute a general-purpose reloadable product to financially underserved consumers, notes an industry observer.

Patients who may avoid paying medical bills because of confusion over what they owe and what the insurance company will pay may benefit from a new online payment tool.

BillMyParents Inc., which operates a parent-controlled teen prepaid card, is working with MasterCard Worldwide on a new educational campaign that touts the benefits of SpendSmart, MasterCard’s program that enables parents to control and monitor their teens’ spending.

Borrowing money from a friend for a taxi ride, splitting the restaurant bill among a group of diners or sending funds to a student at college could become an easier and faster task through a new mobile-payment option Visa Europe is launching this week.

ACI Worldwide Inc. has extended its exchange offer for shares of S1 Corp. until Oct. 31.

Mitek Systems Inc. has launched a single platform for remote deposit check capture and has formed a partnership that will help banks using its product fight duplicate-check fraud, the San Diego-based company announced Sept. 27.

Isis announced on Sept. 27 that several companies will launch mobile devices that implement its NFC and technology standards.

ST. LOUIS – St. Bernadette CU has applied to state regulators to serve all 1 million residents of surrounding St. Louis County.

Payment-technology provider Fuze Network Inc. believes it has an answer for consumers who would prefer to use cash to pay their credit card bills: use the credit card.