Fintech

European ATM-related fraud losses last year dropped for the second consecutive year, thanks largely to a reduction in card-skimming attacks, according to a report from the European ATM Security Team Ltd.

Consumer protections under the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 should be applied to small-business credit cards, according to a lead-generation website that tracks card products.

The ATM Industry Association has published a best-practices guide for decommissioning ATMs at the end of their seven- to 10-year lifespan.

Direct carrier billing is becoming more popular as consumers see the convenience and merchants are more willing to accept higher transaction fees to increase sales, contends Zong Inc., a mobile-payments platform provider.

IDBI Bank Ltd. has become the second bank in India to support cash withdrawals initiated at point-of-sale terminals, a spokesperson for the Mumbai-based bank tells PaymentsSource.

Discover Financial Services’ person-to-person payments service, Money Messenger, is now available to cardholders.

Even a brief, voluntary online financial-literacy lesson can have a significant positive effect on how college students use credit cards, including driving them to have higher average credit scores and fewer credit card late fees, new research suggests.

The ATM Industry Association has published a best-practices guide for decommissioning ATMs at the end of their seven- to 10-year lifespan.

PNC Financial Services Group Inc. has updated its Virtual Wallet application for the Apple inc. iPhone to include mobile check capture, the bank announced April 11.

SIMalliance is opening its software to third-party developers in its effort to discourage hackers’ attacks against wireless devices.