Fintech

The availability of NFC smartphones — an ingredient many say is necessary for mobile payments systems to take off — may be a less onerous problem by 2014, a report from Juniper Research said.

INDIANAPOLIS – Indiana Members CU has signed with the Indianapolis Indians to sponsor the 2011 season for the Triple A minor league affiliates for the Pittsburgh Pirates.

Citing increased international growth, Citigroup Inc. on April 18 reported an $864 million profit for its Citi-branded credit card operation for the first quarter ended March 31, up 397% from $174 million during the same period a year earlier.

Visa Europe is expressing dissatisfaction with last week’s General Court of the European Union’s decision to uphold the 10.2 million euro (US14.7 million or £8.7 million) fine imposed on the company for refusing to do business with a U.S. bank, saying it had already settled the dispute in 2006.

AisleBuyer LLC, a Boston company, is selling mobile software that enables a consumer to scan an image of a payment card and use it to pay for in-store and online purchases.

Corporation Bank Ltd. has launched a mobile wallet to enable its customers to make purchases with their mobile handsets, a spokesperson for the Mangalore-based bank tells PaymentsSource.

Instead of worrying about the negative impact legislation may have on card programs, community-based financial institutions should analyze what cardholders want from a rewards program by examining their card use and create programs that cater to those results, a new white paper suggests.

When calculating the biggest losers of the Durbin amendment’s cap on debit fee count among them Navy FCU, the nation’s largest credit union and seventh-largest issuer of Visa debit cards.

COLUMBUS, Ohio-The fact that not enough small CUs are collaborating to survive was evident during the Ohio CU League's annual meeting.

MasterCard Inc. said April 15 that it has completed its purchase of the back-office prepaid card operations of Travelex Holdings Ltd. of London.