Fintech

Seeking to boost its market share in Malaysia, Standard Chartered Bank Malaysia Sdn. Bhd. on Aug. 10 launched a debit card designed for small and midsize businesses.

Rising interest in the emergence of mobile-payment technologies for smartphones appears to be spurring a gold-rush mentality among would-be developers looking to produce the next hit mobile-payment application.

Hearing the “click-click” of a train conductor punching small holes in paper tickets soon will become less apparent on the Long Island Rail Road when conductors begin using a smartphone device to accept card payments on the busy New York rail system.

The screen-card maker Dynamics Inc. is improving its production capabilities through the purchase of a 115,000 square-foot facility in Pittsburgh, Pa.

Citigroup Inc. and Bank of America Corp. closed some of their card customers' accounts this week, citing data breaches at unidentified retailers.

Citigroup Inc. has launched a mobile-rewards application with Best Buy Co. Inc. that enables its cardholders to redeem ThankYou rewards, Citi announced Aug. 18.

A collaboration involving Digi Telecommunications Sdn. Bhd., Alliance Bank Malaysia Sdn. Bhd. and MasterCard Worldwide has led to the launch of Malaysia’s first telco-branded prepaid card, the companies announced Aug. 16.

The State Bank of Pakistan is warning banks in Pakistan against any disruptions in ATM service during the Ramadan and Eid holidays in the country.

Whether a merchant is struggling financially or not, the cost of transaction fees on credit card services may not be as big of an issue as the difficulty understanding the monthly merchant-account statement, an executive with the Michigan Retailers Association believes.

A service that lets consumers make electronic payments to online merchants without disclosing their bank account details is expanding into more financial institutions through a deal with the online banking software vendor Jwaala.