Fintech

Recent acquisitions combined with rising transaction volume helped Cardtronics post double-digit second-quarter gains in revenue and net income.

John MacIlwaine, a former executive at Visa and Green Dot, has been named the chief technology officer at the peer-to-peer loan facilitator Lending Club Corp.

Many large merchants expressed outrage at the apparent laxity of the Federal Reserve Board's finalized rule that will allow non-exempt debit card issuers to collect a 1-cent fraud-prevention adjustment on debit card transactions.

Deposit automation, or envelope-free deposit technology, has helped the leading ATM makers drive sales the past five years, primarily among the largest U.S. banks. Now smaller banks are buying the technology to help them catch up to their larger rivals.

Bank of America is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.

LAKELAND, Fla. – MidFlorida CU, which has been growing its branch network on the Gulf Coast, has agreed to acquire Indian River CU, a troubled $55 million credit union on Florida’s other coast.

Record transaction processing and growth in the company's noncard businesses helped merchant processor Heartland Payment Systems generate a 44% second-quarter lift to its profits.

Merchants and ATMs in Nepal last month gradually began accepting cards issued by JCB International Co. Ltd. through partnerships with Himalayan Bank Ltd. and Alpine Card Service P. Ltd., Japan’s only global payment brand announced.

LOS ANGELES -- Two men were each sentenced to three years in prison for withdrawing tens of thousands of dollars from ATMs with credit union and bank credit card information that was stolen from craft-store retail chain Michaels Stores in 2011.

Cash Paymaster Services has issued 2.5 million chip-based debit MasterCards backed by biometric security to social grant recipients across South Africa since March.