Fintech

First Data's sale of $3.5 billion of its common equity in the private placement market closed on Friday, July 11.

Dan Henry is leaving his job as chief executive of NetSpend effective July 31, and will be succeeded by Chuck Harris, who is president of the prepaid card company, a unit of the processor TSYS. Henry's exit will be the second departure of a top TSYS executive this month

SYLVANIA, Ohio — Inspired by millionaire Jason Buzi who has been hiding envelopes in major U.S. cities stuffed with $100 for strangers to find, one credit union is doing something similar in a few small towns that have been battered by the recession.

The ATM maker and bank technology provider Diebold has named Sal Mahbouba as vice president of global services.

What's in a name? Many payment companies have struggled with this question, finding out too late that the name they chose sent the wrong message or was rendered unusable by situations outside the brand's control.

To stand apart from the crowd and attract new members, some credit unions are offering some creative and unusual perks.

GLOVERSVILLE, N.Y. — Fulton County FCU has rebranded itself as First Choice Financial FCU.

In Ireland, credit unions are speeding up the launch of their electronic payment alternatives and working with Visa and MasterCard to offer debit cards to compete more aggressively with local banks.

NEW YORK — Befitting a credit union with a heavily international membership, United Nations FCU has seen a strong response to a World Cup bracket challenge that it launched shortly before the quadrennial soccer tournament kicked off in mid-June.

Merchants are wary of the proprietary look and feel of the process by which the card networks and issuers are adopting new security standards.