Fintech

Record second-quarter highs in processing sales volume and net revenue have Heartland Payment Systems Inc. executives singing the praises of a retooled sales force and diligence in monitoring expenses.

Helped by strong growth in purchase volume outside the U.S., Visa Inc. on July 27 reported healthy across-the-board fiscal third quarter transaction growth.

After two years in court, the many legal fights over banks’ overdraft practices have produced a national class action against Union Bank of California. And in a move that may put more pressure on banks, plaintiffs’ attorneys have moved to unseal records in the case.

Despite a weak national economy and uncertainty over the debt ceiling, business apparently is booming for independent sales organizations.

American Express Co. has nabbed a former Google Inc. executive to run a joint venture with French e-commerce website vente-privee.com.

Hacking suspects may blame their arrests on having picked the wrong target.

BELLEVUE, Neb. – SAC FCU, Nebraska’s second-largest credit union, announced the addition of four new counties: Washington and Saunders in Nebraska, Mills and Harrison in Iowa, to its existing field of membership of Douglas, Sarpy and Cass Counties in Nebraska and Pottawattamie County in Iowa.

IRWINDALE, Calif. – SCE FCU is launching a “People Powered Banking” branding campaign this week, featuring members’ images on buses and billboards throughout Los Angeles.

Visa Inc.’s fiscal third-quarter net income rose 40.4% from a year earlier due partly to a gain it recognized from the revaluation of a deal with Visa Europe.

The finalization of new debit card regulations likely will provide a tailwind to bank technology spending later this year, according to the top executive of vendor Fiserv Inc.