Fintech

The U.S. EMV migration is high stakes, complicated and probably won't get done on time to meet the deadlines set by the card networks, according to Vantiv's Patty Walters.

Vantiv Inc., a provider of payment-processing services to retailers and financial institutions, is near a deal to acquire Mercury Payment Systems Inc. for about $1.65 billion, people with knowledge of the matter said.

WATERLOO, Iowa — Ashworth Credit Union and Veridian Credit Union plan to merge.

FIS has launched a cloud-based, instant issuance system for EMV-chip cards.

DOTHAN, Ala. — The proposed sale of Flint River National Bank to the $260 million Five Star CU here is a step away from completion after the Alabama CU Administration last week approved the deal.

World Cup visitors in Brazil who need a little cash might find themselves visiting one ATM - and then another, and then another.

SOMERVILLE, Mass. — CPCU Credit Union here plans to rebrand itself as Naveo CU, effective sometime this fall.

Contactless payment cards may never have had strong footing in the U.S. to begin with, but perhaps the biggest sign of the technology's downfall is JPMorgan Chase's admission that its Blink cards never quite caught on.

The Utah-based payments processing company eGlobal has acquired the assets of The Best There Is Inc., a provider of ATM services in Boca Raton, Fla.

When more U.S. issuers and merchants start using EMV-chip cards to improve security at the point of sale, fraud will likely surge online.