Fintech

PayPal Inc. has acquired mobile payments startup Fig Card Corp., the company announced on its blog April 28.

Independent sales organizations may increase their profit potential from cash-advance loans, which merchants pay back using future card receivables, by taking on more of the risk, observers say.

The prepaid card marketer Green Dot Corp. is putting more muscle into its expansion beyond retail checkout lanes.

Cardtronics Inc. saw its net income rise 55%, to $6.5 million for the first quarter ended March 31 from $4.2 million during the same period a year earlier, the company announced April 28.

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 April 27 it has appointed Marcie Verdin as its group head for global person-to-person payments.

MoneyGram International Inc. announced April 28 that its net income rose 30% to $14 million in the first quarter from the same period a year earlier.

It's show time for Fiserv.

WASHINGTON — Sony Corp.'s disclosure that a massive data breach may have let thieves steal the personal information of more than 77 million PlayStation users is playing into the hands of banks attempting to change a Federal Reserve Board proposal to limit debit interchange fees.

Green Dot Corp.’s first-quarter revenue rose 26% year over year to $117.3 million as the prepaid card company saw a jump in the number of new cards it activated for customers.