Fintech

Automated testing of ATMs early in the process when new services are being created for consumers could speed the process of bringing them to market and minimize ATM service interruptions, companies that develop ATM testing software suggest.

Despite sluggish economic growth and worrisome unemployment rates, certain indicators as payment card issuers releasing third-quarter results suggest credit and debit card purchase volumes remained relatively healthy through September, according to two new reports from New York-based equity firm Keefe, Bruyette & Woods.

Customers of PT Bank Mandiri and PT Bank Central Asia, two of Indonesia’s largest banks, will be able to access one another’s ATMs beginning next month, the banks announced Oct. 11.

Marketing analysts who say mobile access is the future of loyalty programs with retailers and restaurants are closely watching to see how consumers respond to new mobile apps linking card purchases to rewards credits.

CHICAGO — Bank of America Corp.'s decision to charge $5 a month to debit-card users has sparked conversations across the industry around the best way to respond to the banking giant's PR nightmare, and the issue is not just hypothetical — at least one institution says it is already seeing the effect of B of A's fee in its recruitment efforts.

More than 85% of community banks say that their overdraft programs have remained profitable despite rule changes that require banks to receive customers' consent before approving overdrafts on debit transactions.

WASHINGTON — One day after introduction of a bipartisan bill to repeal the new debit interchange cap, supporters of that cap struck back Oct. 13 by calling for an antitrust investigation into whether banks and trade groups are colluding on prices.

Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with a new deal inked with 7-Eleven Inc.

Two Shanghai city business-development organizations are attempting to further push online shopping during the Chinese festival season in collaboration with third party online payment provider International Payments Solutions (Shanghai) Ltd.

ATLANTA – Delta Community CU is holding its second annual Switch Day Oct. 21 to overcome many bank customers’ biggest objection.