Fintech

American Express Co., the biggest credit-card issuer by purchases, posted a third-quarter profit that beat analysts’ estimates as customer spending climbed.

While digital initiatives take longer to show their effect in the company's revenue, American Express Co. is still making investments in emerging payments and prepaid cards.

Mobile software developers increasingly use common platforms for payments and other functions. And many of those developers rely on Braintree, a company eBay is purchasing for $800 million.

Western Union and MasterCard have joined with lottery and gaming company Gtech S.p.A to offer the My WU reloadable prepaid card in Italy.

Wells Fargo & Co.'s third-quarter profit jumped 13% as a decline in revenue from mortgage lending was offset by reduced expenses and fewer soured loans.

MasterCard's Mobile Money Partnership Program (MMPP) has added Oberthur Technologies' MoreMagic subsidiary, a provider of financial services, security and identity management.

The payments industry faces a significant security challenge as too many consumers become "chronic oversharers" of their personal and payment card data, says Ellen Richey, chief enterprise risk officer for Visa Inc.

BALTIMORE—Municipal Employees CU of Baltimore has moved one step closer to acquiring Baltimore-based Advance Bank, as NCUA yesterday approved the deal.

Square has officially launched its person-to-person payment system, Square Cash, which lets debit card users send funds by typing an email.

At 800 stores, the Checkers/Rally's fast-food chain may seem overshadowed by giants like McDonald's. But to CardFree, merchants of Checkers' size are ideal customers for its mobile payments technology.