Fintech

The joint venture Global Payments Inc.’s entered into in Spain late last year with one of Europe’s top banks delivered better-than-expected revenue and helped drive fiscal fourth-quarter earnings, the merchant processor’s top executive told analysts during a July 21conference call to discuss the quarter’s earnings.

Buoyed by the fast uptake of smartphones and tablets in the country, First National Bank Ltd. says it has become the first financial institution in South Africa to offer a mobile-banking application to its customers.

The former marketing executive of the publisher of the Guitar Hero and Call of Duty video games is now running BillMyParents Inc.’s marketing operations, the online payments company announced July 21.

Consumers paid an average of $9.69 to use prepaid cards to access government benefits in 2010, according to a new report from the Federal Reserve Board.

BOULDER, Colo. – Elevations CU, Colorado’s fifth-largest credit union, announced yesterday it is merging into it $80 million St. Vrain Valley CU in Longmont.

Though contactless payments have long been advertised for their ease of use, recent trials have departed from that premise. Some banks are putting the focus back on simplicity — and making payments as easy as a flick of the wrist.

NCR Corp. is reporting net income of $35 million for the second quarter ended June 30, up 75% from $20 million for the same period last year. Revenue was up 12%, to $1.31 billion from $1.17 billion, the Duluth, Ga.-based ATM and kiosk maker announced July 21.

To expand its service reach, Union Bank of India Ltd. says it plans to double its ATM deployments in India by the end of its fiscal year.

Bolstered by a resurgence in consumer spending and improving credit quality, American Express Co. on July 21 reported higher second-quarter income and revenues–and a steep increase in its marketing and rewards-program costs.

As the hype for widespread Near Field Communication-enabled mobile payments continues to heat up, eBay Inc.’s CEO doused some cold water on the concept, suggesting instead that large merchants will resist the unproven technology.