Fintech

The wheels are already turning on one of the biggest fleet card portfolio flips in North America, with South Portland, Maine-based WEX Inc. poised to take over in 2018 as the issuer of Chevron and Texaco fleet cards, replacing FleetCor Technologies, which is looking to make up revenue growth elsewhere.

Consumers, particularly younger people, are placing an importance on being able to obtain a plastic card in a branch and use it right away.

It’s been more than a year since Michael Abbott, former CEO of the ill-fated mobile wallet venture Softcard, moved on. Behind him is five years and millions of dollars spent by the major U.S. mobile network operators — and a wealth of experience that can benefit anyone looking to do better mobile payments' next chapter.

The web hosting company GoDaddy has streamlined the checkout process for small business customers using its Online Store services, including adding Apple Pay to speed mobile e-commerce transactions.

Charter Oak Federal Credit Union has awarded more than $487,000 in annual $100 cash bonuses to its Gold Rewards members this December, making it the largest one-time bonus payout in the program's history.

Continuing a fast global expansion pace for both companies, digital money transfer providers WorldRemit and Xpress Money are partnering to open new remittance routes to Southeast Asia.

The large scale of the U.S. payment card market prompted many issuers to keep things simple by sticking with contact-only chip cards when they finally moved to support EMV, but now certain issuers are taking a new tack by adding Near Field Communication technology to their chip-enabled cards.

NCUA’s recent field of membership ruling could massively expand credit union membership – provided CUs have the technology to capitalize on the opportunity.

International mobile money transfer firm WorldRemit is in the midst of a broad expansion of its services to various global regions, relying on a handful of strategic partners with a focus on new regions.

Two clients of French bank BNP Paribas processed and cleared several live payments over the bank’s Cash Without Borders product.