Fintech

WASHINGTON – Chief sponsors of a bill to delay the cuts in debit fees were still searching for a compromise this morning as they appeared to be short of the 60 Senate votes necessary to pass the delay.

WASHINGTON – Chief sponsors of a bill to delay the cuts in debit fees were still searching for a compromise this morning as they appeared to be short of the 60 Senate votes necessary to pass the delay.

About 200 banks and credit unions are using Fiserv Inc.'s Mobile Money software, more than double the number that were live with the service a year ago, the Brookfield, Wis., vendor said June 6.

Bank of America Corp. and Wells Fargo & Co. are ending a joint venture they formed three years ago to develop a system to process automated clearing house payments, spokespeople for the banks said June 6.

Linking online bill pay to a bank’s rewards program is one way financial institutions could revitalize their customers’ use of online banking, suggests a new report.

LANCASTER, Calif. – Antelope Valley CU has expanded into the Santa Clarita Valley and changed its name to All Valley FCU to reflect the change.

Most credit card industry professionals believe social media will become a “significant factor” in customer service, with Twitter and Facebook outpacing blogs as the most popular methods for card brands to connect with consumers, suggest the results of a survey Firstsource Solutions conducted recently.

In a move backing its plan to showcase mobile payments at the London Summer Olympics and Paralympics Games in 2012, Visa Inc. says it will roll out a Near Field Communication-based mobile phone for payments linked to prepaid accounts from British bank Lloyds TSB.

Google Inc. is eliminating the Checkout icon next to ads it displays for merchants that use its alternative payment system.

Seeking to further standardize payment card functions and security within the Single Euro Payments Area, the European Payments Council on June 6 released its latest technology requirements.