Fintech

Not many companies are doubling their business estimates for the next year, but PayPal Inc. has done just that by projecting a 100% upside for mobile payments. Today it pushed the gas even harder by making Near Field Communication technology available as part of peer-to-peer payments.

The Chicago area’s regional transportation systems have until 2015 to develop a universal transit fare system commuters could use across three different schemes under legislation signed into law last week.

Merchants will have a difficult time reaping all the benefits they stand to gain from a pending antitrust settlement between the two largest U.S. credit card networks and the U.S. Department of Justice, according to the Federal Reserve Bank of Boston.

An ATM services provider sums up the situation this way: “Don’t be discouraged. There is still ample opportunity within the ATM industry.”

With Canada being one of the world’s more developed contactless-payments markets in terms of cards issued, more merchants there are starting to accept the tap-and-go transactions, the latest being 1,400 McDonald’s restaurants, which will do so starting this summer.

FORT WORTH, Texas – American Airlines FCU said it is cutting its overdraft fees in certain instances all the way to one cent, as part of its new Bounce ProtectionPlus.

Merchants will have a difficult time reaping all the benefits they stand to gain from a pending settlement between the two largest U.S. credit card networks and the Department of Justice, according to the Federal Reserve Bank of Boston.

The U.S. may lag other countries in mobile-payment availability and use, but the rate of activity surprisingly is high, new survey data suggest.

WASHINGTON - The Federal Reserve Board Tuesday published a list of which banks must comply with the central bank's cap on debit-card swipe fees, as well as a list of those exempt from the cap (see list).

Mitek Systems Inc., a provider of remote-deposit check capture, has ridden the wave of mobile banking to an eight-fold increase in its stock price and a relisting of its shares this week.