Fintech

Demand is far outstripping supply these days in mobile remote deposit capture, new research suggests.

Acknowledging the growing movement toward EMV chip-and-PIN technology in the U.S., most card-security professionals believe banks eventually will move away from issuing magnetic stripe cards, albeit slowly, a new survey report suggests.

JPMorgan Chase & Co.’s Card Services unit Thursday reported a strong increase in second quarter profits and spending volume, powered by credit card customers using their cards for routine spending while paying off their outstanding balances at a higher rate.

The college crowd isn't as hip with credit card issuers these days.

Powered by an influx of credit card customers who are continuing to use their cards for routine spending while paying off their outstanding balances at a higher rate, JPMorgan Chase & Co.’s Card Services unit on July 14 reported a strong increase in second quarter profits and spending volume.

Investors are listening closely to reports of a possible initial public offering of stock later this year by Vantiv LLC, one of the nation’s largest card processors.

To sign up for a Dwolla account and integrate it with a credit-union account was a fairly tedious process that could take two to three days–until FiSync came along to streamline the task to less than a minute.

Signaling plans to stick with its strategy of diversifying beyond its core general-purpose credit card operations, Capital One Financial Corp. on Wednesday said its second-quarter purchase volume rose and its charge-off rate fell, partly as a result of its acquisition of the Kohl’s Corp. private-label credit card operation.

When Matt Weidler made the long walk from his desk to the ATM and realized he had forgotten his debit card yet again, he decided the best thing to do was to reinvent the ATM.

Banks and credit card companies are likeliest to succeed in mobile payments, contend business executives surveyed recently.