Sean Sposito

A system from Diebold lets consumers deactivate debit and ATM cards from a mobile device, reactivating them only as needed. This makes stolen card data less valuable, since a card would work only when the legitimate customer permits it to.

Small banks continued to withdraw credit from small businesses in the second quarter, but data indicates that large banks opened up the spigot on small business credit cards.

Issuers of retail credit cards sought to exit the business en masse during the downturn. Now the industry's appeal is on the rise, along with a dramatic improvement in its performance.

Banking companies that received rescue capital from the government and fall behind on payments have trouble getting out of the hole.

Comerica had the lowest cost of deposits in the first quarter among a group of large bank holding companies, and Discover ranked last. Still, cheap funding is not a sufficient condition for profitability.

HSBC is selling a card business for an 8.75% premium. It may be time for Citi to cut its price on a similar portfolio.

University Federal Credit Union plans to open several branches that take design cues from airports, including new tablet-like ATMs that look like the check-in kiosks at airline terminals.

The niche business inherited from Bear Stearns may have posed an image problem for a bank already grappling with mortgage PR headaches.

When Matt Weidler made the long walk from his desk to the automated teller machine and realized he had forgotten his ATM card yet again, he decided the best thing to do was to reinvent the ATM.

Wincor Nixdorf AG is changing its U.S. business model, shifting from a centralized unit based in Austin, Texas to a more dispersed structure.

Dynamics Inc. made a splash last year with the launch of a Citi-issued multipurse card that has a built-in screen and keypad, but all of those features are duplicated by the mobile wallet systems that have been announced since then — including Google Wallet, which also has Citi's support.

Hypercom Corp. announced Tuesday it will be marketing Global Blue's OneInterface software, which combines payment systems with value-added services such as tax free shopping and currency choice at the point of sale.

Although the mobile payments venture Isis has publicly disclosed that it wants to add larger payments networks than its initial partner, Discover Financial Services, the network says it might now be better positioned in the mobile payments space.

Cardtronics Inc.'s deal to purchase the ATM businesses of EDC Holding Co. LLC will do as much to boost the quality of the buyer's ATMs as it will to boost its quantity.

Cardtronics Inc. said Tuesday that it plans to buy EDC ATM Subsidiary LLC and Efmark Deployment I Inc., adding an additional 3,700 automated teller machines to its fleet.

American Express Co.'s latest play at the less affluent, its nearly fee-free prepaid card, looks less complementary to its digital wallet, Serve, and more cannibalistic.

Michigan First Credit Union said its use of intelligent-deposit ATMs from Wincor Nixdorf AG has helped it deal with a ballooning membership.

The Cincinnati payments processor's new name "embodies and advances our strategic direction as we help our customers better achieve their goals," Charles Drucker, the company's president and chief executive, said in a press release.

Wal-Mart Stores next week will begin rolling out automated versions of its MoneyCenter offices, which provide a range of financial services to shoppers.

Wal-Mart Stores next week will begin rolling out automated versions of its MoneyCenter offices, which provide a range of financial services to shoppers.