Economy

UniRush is finding that the audience for prepaid cards is going well beyond the underbanked. The company, which offers the prepaid RushCard, is responding with a new approach to better appeal to this new audience.

Fintech startups, like many young software companies, are using fun recruiting strategies to attract most-coveted technical talent to their teams and to engage people with their brands.

When an ISO was trying to help a San Diego-based online merchant learn more about its clientele, it came as a complete surprise that the business’ best customers were in from Minnesota.

Policymakers and law enforcement should work with the Bitcoin community to realize the potential benefits of censorship-resistant money—and to develop tools and techniques to address the technology’s potential misuse.

As the Federal Trade Commission continues what it describes as an "ongoing crackdown on payment processors" allegedly engaged in fraudulent or deceptive practices, the merchant acquiring industry is ratcheting up efforts to respond to the ongoing enforcement actions and proactively address future oversight.

Since becoming CEO of U.K.-based VocaLink last year, David Yates has launched a separate mobile payments unit while keeping the processor focused on speeding up payments throughout Europe.

Schools are increasingly relying on digital payments for the cafeteria and activities — a trend that is proving to be fertile ground for payments technology as frantic parents seek ways to keep their kids properly fed and supplied for their education.

Facebook’s new mobile checkout initiative brings heft to the power of social data in areas such as advertising and payments risk, and aims to improve the user experience on mobile apps.

Bank Leumi will host tech entrepreneurs from its home country for a month-long mentoring program in New York, joining other banks in soliciting new digital ideas from outside their organizations.

From California to New York, state regulators have been clamping down on payments industry innovators, forcing some out of business and discouraging others from even entering the market. That raises the question of whether antiquated statutes and ways of thinking have become an impediment to one of the banking industry's most promising growth businesses.

ISOs can protect themselves from lawsuits and regulatory action by establishing uniform, documented sales training programs that follow sales-ethics practices, a sales-training consultant says.

A federal judge on Wednesday denied a Federal Trade Commission motion for a temporary restraining order that would have shut down Merchant Services Direct LLC, a Spokane Valley, Wash.-based ISO.

The company behind the German mobile payments app GO4Q has had a busy — and challenging — summer, adding payments for taxi drivers, golf courses and beer gardens.

Florida regulators have fined the payments startup Square $507,000 for operating in the state without a money transmitter license.

ATM deployers have a lot at stake in a federal judge’s ruling that the Federal Reserve Board should review the debit fee caps and network routing mandates set under the Durbin amendment.

The Electronic Transactions Association is compiling best-practices guidelines in response to the Federal Trade Commission’s heightened scrutiny of the acquiring industry.

Groupon aims to attract more merchants to its mobile payment offering by letting them remove the mobile device from the equation.

At a time when most mobile payment apps use virtual cards, QR codes or contactless payments, Dairy Queen is testing the more experimental location-based approach employed by Square and PayPal.