Fintech

Square's Jack Dorsey sparked a price war over Japanese credit-card transactions with SoftBank Corp.'s Masayoshi Son. Entrepreneurs like Yukiko Kurano are the biggest winners so far.

Software updates have largely resolved the glitches that have marred the rollout of the new Ventra contactless fare system on Chicago's famed "L" trains, and the process of applying the same updates throughout the city's bus fleet will be completed this week, Chicago Transit Authority officials said.

JPMorgan Chase is warning 465,000 holders of prepaid cash cards that their personal information may have been accessed by hackers who attacked the bank's network earlier this year.

The Federal Reserve Board says it followed a proper system for establishing debit interchange caps and fully abided by the Durbin Amendment's requirement for merchants to have two unaffiliated networks to choose from for routing debit transactions.

The Fed's vision of a vastly improved payments system within 10 years is getting a chilly reception from a group representing the nation's largest banks.

Billing outsourcer BillTrust has developed new invoice technology that uses streamlined processing and dispute resolution to boost businesses payments automation, a segment that has traditionally lagged consumer payments in reducing paper processing.

Several Canadian banks have taken on the challenge of managing and protecting their customers' usernames and passwords across banking and government sites. U.S. banks are invited to join a similar pilot starting in the U.S.

CO-OP Financial Services is upgrading its Sprig digital wallet to allow broader person-to-person payments, and is also adding mobile credit and debit card control and alert features.

Electronic payments provider ACI Worldwide named two new executives to its leadership team and is also establishing a new South America headquarters in Sao Paolo, Brazil.

MADISON, Wis.— CO-OP Financial Services is underwriting CUES’ new Strategic Innovation Institute. In October CUES introduced its Strategic Innovation Institute, a two-year program designed to drive greater strategic thinking and innovation within the credit union community.