Fintech

SAN DIEGO–Mobile payments actually could increase the use of cards instead of replacing them with phones, an analyst said May 11 during a panel discussion on the future of merchant acquiring here at the Electronic Transactions Association’s Annual Meeting & Expo.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected “fewer than 100” customers’ debit card accounts, but credit card data also may have been exposed, the retailer said May 13.

VeriFone Systems Inc. and Hypercom Corp. are considering the sale of Hypercom's U.S. point-of-sale terminal business to an "alternative buyer" in response to an antitrust lawsuit the U.S. Justice Department filed against the companies May 12.

PNC’s new Money Bar Desktop widget casts the bank as an angel on the shoulder of its users, an ever-present advocate that reminds consumers to be responsible spenders.

After the mobile-purchasing system in Apple Inc.’s iPhone game Smurfs’ Village led Apple to set new spending restrictions for mobile apps, the game’s developer has followed up with further restrictions for the game itself.

VeriFone Systems Inc. and Hypercom Corp. say they believe their merger can be completed in the second half of 2011, despite a civil antitrust lawsuit the U.S. Department of Justice filed against the companies May 12.

SIOUX FALLS, S.D. – Bell FCU (formerly Sioux Falls FCU) and Midwest Partners FCU – two credit unions across the street from each other – have agreed to merge, creating a $65 million credit union serving 9,000 members.

When the financial-services industry came together this year to oppose the Durbin amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, retail ATM deployers were ready to do their part with the help of the ATM U.S. Defense Fund.

The news that Isis is seeking to expand its model by working with traditional card systems reveals the importance of wide cooperation in developing an NFC payments ecosystem.

Prepaid debit cards related to unemployment benefits are back in the spotlight with a consumer group criticizing what it believes are unnecessary and undisclosed card costs.