Fintech

From the time it launched in 2008, Acculynk Inc. has maintained its PaySecure product is secure despite detractors. The company today received some more validation, as a payments processor that fell victim to a high-profile security breach in late 2008 plans to support Acculynk’s Internet PIN-debit transactions.

Fiserv Inc. has purchased Mobile Commerce Ltd., a provider of mobile banking and payments technology, the Brookfield, Wis.-based banking-technology company announced March 1.

A year after the credit card reform law was enacted, Elizabeth Warren, the administration's official in charge with setting up the Consumer Financial Protection Bureau, said the industry has improved its practices and warned against over regulation of the card market.

Approximately 57% of vending-machine operators plan to add or expand their use of cashless payments this year, while only 8% likely will not add payment card acceptance to their machines, new survey data suggest.

SEATTLE – In the latest mega-merger among credit unions, on Monday Watermark CU announced it is combining with Tacoma’s Sound CU to create a credit union with more than $1.1 billion in assets.

Demonstrating a way to make money on a service many banks view as a cost, Hearst Corp. on Feb. 28 launched a beta version of its bill presentment and payment site Manilla.com.

Oberthur Technologies of America Corp. is in talks with U.S. issuers planning to migrate their debit and credit card portfolios to EMV chip-and-PIN technology “over the next couple of quarters,” an executive for the card manufacturer tells PaymentsSource.

Cartera Commerce Inc. has integrated Groupon Inc.’s daily deals into its merchant network to enable consumers to earn rewards by purchasing a Groupon deal, Cartera Commerce reported earlier this month.

VyStar Credit Union is expanding its ATM presence in northeast Florida through an agreement with Cardtronics Inc., the companies announced Feb. 28.

WASHINGTON — Just a month ago, most analysts dismissed the banking industry's chances of persuading Congress to delay, alter or repeal a Dodd-Frank provision limiting interchange fees on debit cards.