Fintech

Diebold Inc. swung to a fourth quarter loss of $118.8 million, down from a profit of $3.2 million a year earlier, the ATM maker announced Feb. 14. Revenue increased 9%.1, to $791 million from $724.9 million.

Consumer adoption likely will determine whether First Data Corp.’s decision to support Acculynk Inc.’s PaySecure Internet PIN-debit product benefits the processor’s merchant partners that decide to offer the online checkout payment option, observers say.

ICICI Bank Ltd. has become the first bank in India to offer its debit cardholders the ability withdraw cash from their accounts in excess of the purchase amount at the point of sale, an official from the Mumbai-based bank confirms to PaymentsSource.

Credit unions that efficiently manage reloadable prepaid debit cards have the potential to make it a profitable service that also can attract more members, contends a report from PSCU Financial Services.

Banks are still debating the use of two-factor authentication for account access, even though hackers are getting more cunning and the tech bellwether Google Inc. just endorsed the extra layer of security.

The recession has caused consumers to change how they mentally account for money, including how they use credit cards, Susan Menke, vice president and behavioral economist at Mintel Comperemedia, noted during a recent Web seminar on consumer spending trends.

SAN ANTONIO – Firstmark CU this week is launching a brand overhaul featuring a series of television spots imprinted with its new positioning statement, “Great with People. Great with Money.”

FRAMINGHAM, Mass. – Framingham Municipal FCU is eliminating checking and Internet banking fees and changing its name to Metro-West Community FCU as part of a rebranding around its expanded field of membership serving almost 700,000 residents in communities west of Boston.

Cardtronics Inc. executives during a conference call with analysts Feb. 10 cast their company as a potential beneficiary of financial reform that, as proposed, would require issuers to attach more than one unaffiliated payment network to their debit cards.

Green Dot Corp. and banks probably could use each other’s help more than ever.