Fintech

Minneapolis' new transit deployment seems limited and even old school—it's a closed loop payment system that's only available on buses and not on the Twin Cities' expanding light rail system.

Many moons after the U.S. payment industry adopted a largely chip-and-signature approach to EMV instead of chip-and-PIN security that’s standard elsewhere, rising merchant chargebacks are leading some to question the wisdom of PIN-free payments.

As video consumption on smart devices continues to surge, marketers can’t afford to be afraid of this powerful tool.

American Express cut chief executive officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year.

Samsung is fond of using cash rewards to drive Samsung Pay signups, offering consumers $25 to $100 in recent months for enrolling a payment card in the handset maker's mobile wallet. But that strategy is not a fit for all card issuers, according to the fine print in the latest Samsung Pay promotion.

By a vote of more than 90%, the trade association's members supported a bylaws change that did away with obligating CUs to belong to both the national group and their respective leagues.

In a move that counters Sweden's reputation as a country that encourages its citizens to not use cash in the payments network, The National Bank of Sweden is asking regulators to make access to cash a legal right.

As one of the most antagonistic lobbying battles in Washington escalates -- where financial institutions like JPMorgan Chase and Visa are sparring with companies such as Walmart over credit card swipe fees -- a powerful ally is again sticking up for the retailers.

Meridian Trust Federal Credit Union announced that it has received approval to merge with Panhandle Co-Op Federal Credit Union.