Fintech

More than half of U.S. consumers use at least two credit or debit cards each month for online purchases, and many are wary of the potential for fraud associated with online banking, a study security-software vendor AVG Technologies USA Inc. released Sept. 1 suggests.

Sovereign Bank is taking its credit card operations in house.

China's new multifunction contactless social security card will support yuan-denominated cash withdrawals, funds transfers and other consumer-oriented banking applications, government officials told reporters at a press conference Aug. 30.

As Visa Inc. has been ramping up its promotion of one-time-use card data for security, Discover Financial Services is winding down its support of a similar technology.

First Data Corp. will make two Trusteer services available for its clients to help protect Internet banking and to enhance compliance with new federal guidelines for online security, Trusteer announced Aug. 31.

SANTA ROSA, Calif. – Redwood CU has signed an online marketing contract with Zenergy Works of Santa Rosa.

Adaptive Payments is entering an already crowded mobile-payment acceptance market with a device that enables merchants to accept PIN-debit transactions on smartphones using a method similar to the company’s e-commerce operation.

Not to be outdone by rivals in a month that has seen what may be a record number of new and retooled credit card rewards program announcements, Bank of America Corp. on Aug. 31 rolled out noteworthy upgrades to a couple of its core cash-rewards cards.

Germany’s largest rail system soon will finish a three-year mobile-payments test at its stations and officially offer all passengers the ability to pay for tickets using mobile phones.

Mutual of Omaha Bank, on a growth streak since its 2007 launch, has signed a long-term merchant-services agreement with First Data Corp., the companies announced Aug. 30.