Fintech

New features such as merchant-funded rewards on the home page of Intuit Inc.’s FinanceWorks personal financial management system for online banking are particularly intriguing, analysts say.

When considering whether to switch which payment card they prefer to use, consumers tend to seek out higher discounts on purchases, new research suggests.

Electronic Network Cash Tellers Inc., or Encash, reportedly is in talks with foreign investors to further boost its ATM expansion plans in the Philippines.

While many bankers expect Apple Inc. to help bring mobile payments into the mainstream by developing its own system for the iPhone, the consumer electronics giant could also have the same effect with its advertisements.

Zong Inc. said March 17 that its mobile carrier billing service is now available for video game consoles, interactive television services, mobile websites and other channels.

Responding to growing concerns about cardholder data being exposed when merchants process payments over the telephone, the Payment Card Industry Security Standards Council on March 18 announced guidelines for handling and storing card data within audio recordings at call centers.

American Express Co. cardholders borrowed less on using their cards in February compared with the two previous months, AmEx reported this week in a U.S. Securities and Exchange Commission filing.

ST. PETERSBURG, Fla. – PSCU Financial Services announced this afternoon the hiring of Michael Kelly, an executive with Fiserv’s payments network, as its president and CEO. “Michael’s experience and credentials make him an outstanding choice for PSCU Financial Services,” said Craig Esrael, president of First South Financial CU and chairman of the PSCU Financial board. “He is a dynamic leader with a demonstrated commitment that is evident to all who meet him.” Mike Yatros, the CUSO’s chief operating officer has been acting as interim CEO since last July’s death of David Serlo. PSCU is the nation’s largest CUSO and provides payments and call center services for more than 1,900 credit unions.ST. PETERSBURG, Fla. – PSCU Financial Services announced this afternoon the hiring of Michael Kelly, an executive with Fiserv’s payments network, as its president and CEO.

A number of Olympic and Paralympic fans who tried to purchase event tickets March 16 to next year’s London games were unable to complete orders March 16 if their Visa-branded payment card expired before a certain date.

Mizuho Financial Group Inc., Japan’s third-largest bank based on assets, is experiencing computer problems that are affecting its ATM network as consumers are frequently withdrawing cash in the aftermath of last week’s earthquake, tsunami and subsequent nuclear power plant problems, according to various media reports.