Fintech

When Google decided to create an iPhone version of its Google Wallet, it turned to Austin-based Mutual Mobile for help — the same app developer that's quietly working on an overhaul of the Isis mobile wallet.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

An iOS version of Google Wallet launches today on the Apple App Store, bringing the search giant's recently revamped mobile wallet to iPhone devices.

It's been five months since PayPal began disseminating its point of sale payment system to all Discover merchants, but First Data, a massive Atlanta-based payment processor, isn't in any rush to support the initiative.

JPMorgan Chase will pay $920 million in regulatory fines related to its London Whale trading scandal, adding to the $6 billion in losses the bank already took as a result of the trades. Separately, the bank received a cease and desist order related to its credit card collection litigation.

WESTBY, Wis. – Westby Co-Op CU announced plans for an unusual deal this morning in which it will acquire the deposits and loans at Citizens Community Bancorp’s Wisconsin Dells Walmart branch, part of the bank’s plans to close three Walmart branches.

An analysis of bankcard trends from the second quarter ended June 30 showed a 21% year-over-year increase in bankcard origination volumes, equating to a $12 billion increase in new bankcard limits issued.

Widespread adoption of same-day settlement will level the competitive playing field for all financial institutions and allow account holders to benefit from expedited settlement.

San Francisco-area transit operators are launching a mobile website to manage the Clipper fare cards.

Payments marketing company edo has launched edo Marketplace, a card-linked offers platform that allows merchants to create their own targeted campaigns.