Fintech

Acculynk Inc. has put its independent sales organization reseller program on the backburner as it focuses on its core business, but at least one observer believes the company’s PaySecure Internet-PIN debit product is still a valuable add-on service for merchant acquirers.

Selling mobile-processing services can prove quite profitable for independent sales organizations, observers say.

To combat card fraud, banks in Malaysia starting in January must issue transaction alerts via text messages to their credit cardholders under an April 14 order from Bank Negara Malaysia, the country’s central bank.

Richard Davis, the top executive at U.S. Bancorp and chairman of the Financial Services Roundtable, told analysts April 19 it is a toss-up as to whether the Federal Reserve Board would press ahead with its proposed 12-cent cap on debit card interchange.

Richard Davis, the top executive at U.S. Bancorp and chairman of the Financial Services Roundtable, told analysts April 19 it is a toss-up as to whether the Federal Reserve Board would press ahead with its proposed 12-cent cap on debit card interchange.

Early data show consumers survived the holidays with less financial distress than in previous few years, and the average U.S. credit card charge-off rate for most major issuers is on track to decline for at least the next few months, according to analysts at Moody’s Investors Service.

A U.S. appellate court has approved Minnesota’s TCF Bank’s request for an expedited appeal of a lower court ruling denying a bid to block the Federal Reserve’s final rule on interchange charges, setting up a three-way race between the courts, the Fed and Congress on the controversial effort to limit the lucrative fees.

SIOUX FALLS, S.D. – A U.S. appellate court has approved Minnesota’s TCF Bank’s request for an expedited appeal of a lower court ruling denying a bid to block the Federal Reserve’s final rule on interchange charges, setting up a three-way race between the courts, the Fed and Congress on the controversial effort to limit the lucrative fees.

Diebold Inc. plans to provide more than 200 ATMs to Sovcombank Investment and Commercial Bank LLC, the company announced April 18.

The Obama administration announced Friday the release of a strategy to protect consumer and business identities in cyberspace.