Fintech

A Virginia circuit court on April 29 awarded $5.3 million in damages to the former chief executive and chairman of banking technology vendor Online Resources Corp. in an employment lawsuit he filed against the company.

Deluxe Corp. reported a 2% drop in first quarter earnings, to $32.6 million, as the company’s core check printing business continued to decline.

Hypercom Corp. is describing its new M5000 mobile-payments terminal as “futureproof” because it designed the device to prevent obsolescence. The company foresees a place for the product in businesses ranging from hotels and restaurants to taxis and delivery companies.

SAN JOSE, Calif.-Technology Credit Union is reporting that a move it made to combine three divisions aimed at serving upper-income members has successful in growing and better serving the $325 million it now has in managed assets.

MIAMI-A sketchy economy and recognition it was over-extended on its auto loan portfolio led Bellco Credit Union to reexamine its risk-management strategies.

Target Corp. is testing the sale of co-branded prepaid cards with American Express Co. in more than 100 stores, the companies confirmed on Friday.

WASHINGTON — With some major banks now considering chip-card technology, fraud is expected to gravitate to less-secure cards.

Combining targeted online marketing with social media, Discover Financial Services will begin paying a $50 bounty during the first week of May for each referral who becomes a cardholder, according to a company executive.

MasterCard Inc. announced that Rima Qureshi has joined its board of directors.

Endeca Technologies Inc. said its Endeca Mobile Commerce system is being used by Sallie Mae's Upromise for mobile rewards.