Fintech

NCR Corp. reported a profit of $13 million for the first quarter, up from a loss of $19 million a year earlier.

SAN FRANCISCO – Better Branches LLC, a technology CUSO owned by SAFE CU, has added two services to its Better Lobby product, called Referral and Cross-Sell Activity Tracking.

Capital Access Network Inc.'s (CAN) Data Services Division reports that the nation’s "Main Street" brick-and-mortar retailers and service providers experienced a 3.09% decline in same store credit and signature debit card sales in Q1 2011 as compared to Q1 2010.

MIAMI BEACH, Fla.-Poor service from a credit card service independent sales organization helped convince James McKelvey to co-found Square Inc., the exec told attendees on April 27 at the 23rd annual Card Forum and Expo co-sponsored by PaymentsSource and the American Banker in Miami Beach, Fla.

WASHINGTON — For consumers, convenience and rewards are the most commonly discussed benefits of near field communication for mobile payments. There is also a substantial security benefit, though banks are reluctant to let consumers know.

HOUSTON – Pioneer Muslim FCU has contracted with Fifth Third Processing Solutions for EFT services.

Sen. Dick Durbin, D-Ill., is in another sparring session with the American Bankers Association and asks the organization to “cut to the chase” regarding the motivations behind the organization’s criticisms of the interchange reform law that Congress enacted last year.

EBay Inc.’s PayPal Inc. unit during the first quarter March 31 continued to expand its global foot print while its other payment unit, Bill Me Later, became a more mainstream payment method in the U.S. with 42% growth to $324 million from $228 in total payments volume.

Consumers now may purchase and make prepaid funds transfers at various United States-based merchants through an agreement between MoneyGram International Inc. and InComm Inc., Dallas-based MoneyGram announced April 27.

Cash, not cards, remains the most widely used payment instrument in Australia for low-value payments, a recent Reserve Bank of Australia payments-use study reveals. Cards, however, are the dominant payment method for mid-value payments ranging from AU$50 (US$52 or 36 euros) and AU$500.