Fintech

Online Resources Corp. said Monday that the Montana credit union service organization CUsource LLC has signed on as a reseller for its online banking and bill-payment services.

Some Bank of America Corp. customers saw other people's transaction details through online banking, a report said, but the company insisted that no fraudulent activity resulted.

Hypercom Corp., which is being sold to VeriFone Systems Inc., said in a regulatory filing Monday that the combined companies should generate nearly $2 billion in revenue next year.

Merchant surcharges for debit and credit card purchases in the United Kingdom are unfair, and merchants should be upfront regarding any additional fees they might charge, contends Which?, a UK-based consumer-protection advocacy group.

Monitise PLC more than tripled its revenue during the six months ended Dec. 31 compared with the same period a year earlier as the mobile-payments company worked to expand its customer base.

VeriFone Systems Inc. is taking its PayWare Mobile point-of-sale service outside the United States for the first time and is adding acceptance for EMV chip-and-PIN cards and Near Field Communication-enabled devices, the company announced Feb. 14 at Mobile World Congress in Spain.

As European and Chinese payment card issuers steadily move to support EMV-only cards that lack a magnetic stripe to conduct transactions, global competitive pressure may force the U.S. to adopt EMV chip-and-PIN technology, a top exec from a major international card manufacturer contends.

A goodwill impairment stemming from acquisitions Diebold Inc. made in Europe a decade ago helped generate a fourth-quarter loss, though the ATM maker is having some success in the U.S. with smaller banks, company officials noted during a Feb. 14 earnings call with analysts.

Consumers interested in contactless payment say they find the process easy and fast to use, according to research from Javelin Strategy & Research.

Consumers interested in contactless payment say they find the process easy and fast to use, according to research from Javelin Strategy & Research.