Cards

New data from PSCU shows a 46% increase in sales volumes for credit union members compared to last year.

The Lutherville, Md.-based credit union returned $1.25 million to members in the first half of the year, on the heels of a $2M payout last year.

Finix, a startup offering tools for businesses to develop their own payments technology, has raised $17.5 million in Series A funding from investors that include Bain Capital and Visa.

Indian consumers and businesses would be best served if New Delhi confined itself to discrete interventions to reduce structural barriers to payments competition, rather than imposing price controls, dispensing subsidies and promoting national favorites, says Eric Grover, a principal at Intrepid Ventures.

The annual summer shopping bonanza will run across two days for the first time, and other retailers are following suit with offers of their own. Here’s how credit unions can capitalize on it.

Prepaid card and payments technology company InComm has acquired Meridian Loyalty, a full-service incentives business that caters to corporations.

Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.

BBVA has formed a partnership with Uber enabling the ride-hailing company’s drivers and delivery workers in Mexico to establish a digital BBVA debit account through Uber’s app.

A centralized rules-based system can produce insights into how staff pay when traveling, which can inform broader vendor management, contends Yash Madhusudan, co-founder and CEO of Fyle.

Adyen has added support for Interac, enabling Canadian merchants to accept Canada’s domestic debit payment method for in-app and online purchases.