Fintech

Fifth Third Processing Solutions LLC has signed credit card processing agreements with Education First Credit Union and USA One Credit Union, the Cincinnati-based company announced Jan. 3.

Green Dot Corp. plans use risk-management software from Nice Actimize, the prepaid card provider noted in a Jan. 5 press release.

Global Payments Inc. plans to start a credit and debit card processing service in Brazil this year to compete in the $250 billion market, the Valor Economico newspaper reported Tuesday.

Credit card issuers were expected to raise fees and cut rewards to compensate for lost revenue from new regulations. But some have done the opposite, eliminating fees they are still permitted to charge.

FORT LAUDERDALE, Fla. – City County CU has applied to state regulators to add almost 2 million residents and nine nearby counties – Collier, Lee, Hendry, Glades, Charlotte, Sarasota, Desoto, Highlands, and Okeechobee – to its field of membership.

Total System Services Inc., or TSYS, has moved quicker than it originally anticipated in acquiring First National Bank of Omaha’s stake in First National Merchant Solutions LLC.

During the just-completed holiday season, PayPal Inc. experienced a surge in consumers making purchases using its online payment service with their smartphones and other mobile devices, according to the San Jose, Calif.-based company.

Hoping to tap an emerging market, Visa Inc., MasterCard Worldwide and American Express Co. have been working to open their networks to third-party developers of software and smartphone applications.

India’s Seed Financial Services Pvt. Ltd. has secured yet another a contract from Chennai-based Indian Bank Ltd. to support a smart card-based financial-inclusion project, the New Delhi-based financial-services provider announced Dec. 29.

Credit card account originations are on the rise again as account-delinquency rates continue to fall and consumers continue to show discipline in their borrowing, a report Equifax Inc. released last week suggests.