Fintech

Banks typically pitch personal financial management tools as a way to analyze past spending. A new approach flips that around to help consumers control future spending.

WASHINGTON – Lawmakers are expected to press the case of credit unions and community banks asking for the Federal Reserve to ease off proposed price restrictions on debit interchange during a hearing before the House Financial Services Committee next week.

ATMs, long a valuable resource for cardholders wanting ready access to cash, have become a growing target for crooks who like them for similar reasons, according to a researcher from ACI Worldwide.

The bank unit of Cabela's Inc., an outdoors merchandiser, has renewed a credit card processing agreement with the Atlanta payments company First Data Corp.

Univision Communications Inc. believes a new media campaign to promote surcharge-free ATM access for holders of its MasterCard-branded prepaid cards will increase card use within the U.S. Hispanic community.

Visa Inc. is furthering its e-commerce strategy by buying a payment platform for online games.

Visa Inc. no longer will require merchants outside the U.S. to annually validate their compliance with the Payment Card Industry Data Security Standard if three-fourths of their transactions comply with the EMV chip-and-PIN standard, the network announced Feb. 9.

Warning lawmakers that the Federal Reserve Board’s proposed new debit-interchange rules likely would thwart national job growth, the American Bankers Association and 55 other state and community banking associations urged members of Congress in a Feb. 8 letter to “intervene immediately” to block the rule’s implementation.

Ukash, which sells prepaid vouchers to support online shopping, is expanding its Latin American presence with launches in Argentina and Brazi, the United Kingdom-based firm announced Feb. 9.

U.S. Bancorp’s Elavon Inc. merchant-processing unit has Class B-certified Hypercom Corp.’s SPOS32 EMV payment software on Hypercom’s T4200 and M4200 payment devices in Canada, the Phoenix-based terminal maker announced Feb. 9.