Fintech

One man has shared his Starbucks prepaid card with the world, allowing anyone to spend and reload it using a feature of the card that was once called a security flaw.

Visa Inc. plans to accelerate the U.S. migration to EMV contact and contactless chip technology, the card brand announced Aug. 9.

MADISON, Wis. – Unique to cooperatives and especially to credit unions, a new study examining so-called “Patronage Refunds” has been released by the Filene Research Institute.

WEST PALM BEACH, Fla. – How did one credit union improve service, cut its costs and automate its processes? Credit Union Journal will highlight how Affinity Plus FCU did just that in a free, one hour webinar to be held Aug. 23 at 11 a.m. ET.

ATLANTA – In a newly released poll, three in 10 checking account holders expressed interest in paying a monthly fee for a checking account that would have no other fees.

To garner a bigger share of the country’s lucrative payroll card market, India’s IDBI Bank Ltd. has begun offering a debit card that provides a line of credit when cardholders overdraw their account, the issuer announced Aug. 8.

Many of the bank customers responsible for the biggest overdrafts are not broke. They just happen to be big spenders. Now some banks are trying court them as potentially lucrative customers and reduce overdraft losses.

The private-equity firm buying Hypercom Corp.’s U.S. payment-terminal business says it has no plans to make any disruptive changes.

Cardtronics Inc. has expanded its ATM management services agreement with grocery retailer The Kroger Co., the ATM independent sales organizations announced Aug. 8.

WESTbahn Management GmbH has selected VeriFone Systems Inc.’s PAYware Mobile Enterprise and managed-services products for use with its mobile-ticketing validation and payment operations when the company’s rail service begins in December, the payment terminal-maker announced Aug. 8.