Fintech

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

Fintech companies are threatening banks on many fronts, but it is in peer-to-peer payments that banks may be most at risk of being reduced to "dumb pipes."

The Filene Research Institute program seeks to make it easier for potential members to join, open a new account, apply for a loan and other pain points encountered by consumers seeking credit union products and services.

Capital One Financial's fourth-quarter profit fell short of projections as the McLean, Va., company boosted its reserves in anticipation of higher loan losses.

The pressure on merchant acquirers to enable transactions in more channels for more merchant types is accelerating, and TSYS is turning to the M&A market to accelerate its digital diversification, announcing an agreement with Vista Equity Partners to acquire Vista portfolio company TransFirst for $2.35 billion in cash.

Prepaid Financial Services, a provider of e-money and banking solutions, is rolling out a government-sponsored prepaid card program for refugees and asylum seekers in Europe.

Steve Streit, who founded the prepaid card pioneer in 1999, is taking fire from an investment firm that owns 6.2% of the company.

Consumers may not care much about mobile payments, but many of them care a lot about mobile loyalty.

Vending machines were among the first categories to accept contactless mobile payments, but they still rely heavily on cash for impulse snack purchases — at least for now.

Banks are looking to beef up ease and convenience in P-to-P payments to avoid being reduced solely to back-end payments processors for fintech startups.