Fintech

The ATM industry is hopeful of getting relief from one source of its legal troubles as momentum builds to eliminate a law requiring operators to disclose ATM fees on the machines' exteriors via stickers or other signs.

Last week, ATM vendors lashed out over the payment card industry’s “War on Cash” (see story). Are they now retaliating with their own “war on cards?”

NCR Corp. has introduced ATM software that will allow consumers to withdraw cash using their smartphones, the Duluth, Ga.-based vendor announced June 11.

PLYMOUTH, Minn. – TruStone FCU, the one-time teachers credit union, has awarded Nicole Jensen, a first grade teacher at Delano Elementary School with its the Best in Class Facebook teacher of the year, which comes with a $500 gift card to buy classroom supplies.

BIRMINGHAM, Ala. – America’s First FCU agreed last week to sponsor ZOOM Motorsports’ 2012 AMA Pro Road Racing Series at Barber Motorsports Park.

CHICOPEE, Mass. – State regulators reported Friday they have approved a application from $420 million Polish National CU to acquire ValleyStone CU, an ailing one-time $85 million credit union in nearby Wilbraham.

JACKSON, Miss. – Fast-growing Hope Community CU pledged last week to add 11 new branches and increase its membership to 51,000 from its current 26,000, as part of former President Bill Clinton’s Global Initiative America.

Mobile-payments processor Rev Worldwide is offering merchants in emerging markets a way to accept payments without a bank account.

Just when the U.S. payments industry seemed well aware of liability-shift deadlines and timeframes for equipment upgrades for EMV chip card conversions, along comes a reminder that ATM owners are far from certain about what to do.

The payment card industry’s ongoing battle to displace paper-based payment products such as cash and checks appears to have struck the soft underbelly of at least one industry organization.