Fintech

Until a few years ago, payment card processors and merchant acquirers found it relatively easy to incorporate biannual April and October updates of interchange-rate tables and other mandates from the payment networks into their systems.

The U.S. is closer to EMV readiness than many realize, and it may not cost as much as previously feared, suggests a newly crafted “roadmap” to U.S. adoption of EMV chip-and-PIN technology.

The Roads and Transport Authority of Dubai has expanded the use of its closed-loop Nol Card, which commuters have been using to pay for Metro fares, road tolls and parking in Dubai, a spokesperson confirms to Payments Source.

ST. LOUIS — Relationship pricing has reduced Gateway Metro FCU's membership by more than 5,000 over the last five years, yet it has also boasted assets by $16 million.

David Barton, who recently turned over the reins of Gateway Metro FCU, spoke with Credit Union Journal about the road he — and the CU — traveled to get GMFCU to where it is today.

Visa Inc. this weekend will host a session in Phoenix around its FIFA World Cup-branded Financial Soccer educational video game to help improve financial literacy among teens, Jason Alderman, Visa senior director of financial education, tells PaymentsSource.

Global Payments Inc. has promoted James R. Hicks to president of its Global Payments Asia Pacific Ltd. unit, where he will oversee the merchant processor’s payment operations in 11 Asian countries, the Atlanta-based company announced Feb. 11.

As the prevalence of high-deductible health care insurance plans rises, driving up consumers’ initial out-of-pocket medical expenses, doctors and medical clinics are seeking new ways to collect payments through credit and debit cards.

Cineplex Entertainment, which supports 132 theaters in Canada serving more than 70 million visitors each year, is giving consumers the option to pay for tickets from their PayPal account, the Toronto-based company announced Feb. 11.

This story has been updated.