Fintech

Westpac New Zealand Ltd. on March 3 deployed two mobile NCR Corp. ATMs in the city of Christchurch, which was devastated by a Feb. 22 earthquake.

Having cornered the mobile remote deposit capture market with its software, Mitek Systems Inc. is pushing a new service it says helps companies enroll their customers’ bank accounts by snapping a picture of blank check with a smartphone.

Citizens Financial Group Inc. said Wednesday that it will offer its commercial card customers a spending control service from MasterCard Inc., the banking company said Wednesday.

A comparison between checking-account offerings from top issuers and popular reloadable prepaid debit cards suggests that in some cases the cards are a better value, new research suggests.

KB Financial Group has spun off its KB Kookmin Card credit card unit to help boost the program’s card base and to develop more financial products, a spokesperson for the South Korea-based company tells PaymentsSource.

WASHINGTON—An effort to delay proposed debit-interchange rules continued to build momentum March 2 as bankers and lawmakers called for a more effective exemption for small financial institutions.

Merchants’ security concerns are driving the development and sales of new payment hardware at VeriFone Systems Inc., the top executive at the payment-terminal maker told analysts during a March 1 conference call to discuss fiscal first quarter earnings.

As it looks to generate more revenue and to enable issuers of its cards to better analyze their customers’ transactions, MasterCard Worldwide is exploring ways to secure more volume for its processing switch from cards carrying the network’s brand, especially outside the U.S., Chris McWilton, MasterCard president of U.S. Markets, said during a March 1 presentation.

Dwolla, a low-cost mobile-payments provider, has launched of what it is calling the first location-based payment technology, which will enable users to check in at various retailers and use their mobile phones to pay for purchases, the company. announced March 2.

Helped largely by the 2010 Vancouver Winter Olympic Games, spending by Visa cardholders visiting Canada last year rose 10.3%, to $6.4 billion from $5.8 billion the previous year, Visa Inc. announced Feb. 28.