Fintech

Microsoft's Larry Hryb, known to gamers as Major Nelson, recently posted a six-second video demonstrating how the company's new Xbox console redeems codes for games and subscription services. It's six seconds that many in the payments industry should watch.

Mobile wallets, often funded by linked credit union or bank accounts, are sometimes described as decoupled debit accounts in disguise — and may suffer from the same challenges decoupled debit faced.

Continuing its international expansion through partnerships, U.S.-based EVO Payments International LLC has acquired a controlling interest in Polish financial institution PKO Bank Polski's merchant acquiring arm.

Decoupled debit cards, which enable payments from a checking account at a separate bank, are getting a lift from gas stations — but the product is also under fire from new products, including mobile wallets.

U.S. Bank is consolidating its general purpose reloadable debit cards under its new Contour Card in a move to capitalize on the growing trend of "family pack" prepaid products.

TD Bank Group and President’s Choice Financial are launching the Near Field Communication-based Ugo mobile wallet in Canada.

The use of prepaid debit cards at Cardtronics-owned ATMs continues to grow at a steady pace, with reloadable cards accounting for 16% of U.S. withdrawal volume during the third quarter.

ACI Worldwide completed its $109 million acquisition of electronic billing technology developer Official Payments Holdings.

HIG Capital's April acquisition of Pegasus Financial Services has resulted in the creation of Onyx Payments, which will process payments and provide financial services software to the hotel and travel agency industries.

DES MOINES, Iowa—The U.S. Hispanic market, with more than $1 trillion in buying power, represents a large growth opportunity for credit unions.