Fintech

Tio Networks Corp. is looking for independent sales organizations willing to buy and set up “reverse ATMs” that collect money instead of dispensing it.

Transaction Wireless Inc. became one of the first digital gift card providers to achieve the highest level of PCI Data Security Standard compliance for its computing cloud, defined as the interconnectivity of multiple computer servers, the company announced Aug. 23.

A prepaid card breach disclosed in May was accomplished by hackers who turned off the withdrawal limits on multiple card accounts, according to a new report.

Steve Jobs' resignation raises further uncertainty over Apple Inc.'s payment plan intentions, but Apple patents themselves provide some clues as to where the company may be going.

China over the next five years will begin adding financial functions to the country’s social security cards, the state-owned People’s Daily newspaper reported Aug. 22. Ninety million of the new cards will be issued by the end of this year, the ministry told the newspaper.

Despite increasing activity involving mobile payments, consumers still trust credit card companies more than companies such as Google Inc., eBay Inc. or Facebook Inc.

BETHPAGE, N.Y. – Bethpage FCU introduced Bethpage Investment Strategies, a financial services division that offers members an increased product line and more services.

Steve Jobs' resignation as Apple Inc.’s chief executive may prove a mixed bag—but a critically important one—for banks and the payments industry.

Boku Inc. has inked an agreement with two French wireless phone carriers to offer its carrier-billing service, a deal which will extend Boku’s reach to 32 million customers in France.

ACI Worldwide Inc. tossed the ball back into S1 Corp.'s court on Thursday as the two companies continue to squabble over competing acquisition proposals.