Fintech

Fuel-card giant FleetCor has been working to diversify its payments operations by expanding corporate payments services, and now it’s buying Nvoicepay to speed up the process.

Chinese mobile payment apps Alipay and WeChat Pay have made deep inroads into Western markets, and now UnionPay, China’s state-run card network, is catching up.

Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

Pan-European payments and transaction services provider equensWorldline has launched its domestic interoperable P2P mobile payment scheme across the continent.

The company will open its first office in Iowa after buying the business from Bankers Trust.

The Illinois-based credit union has broadened its field of membership to include two Missouri counties and issued another dividend.

U.S. credit card debt hit $870 billion — the largest amount ever — as of Dec. 31, according to data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.

Barclays is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users.

The payout included bonus dividends and a 7 percent refund of loan interest paid by members.