Fintech

Bank Machine has signed a new, multiyear deal with Yorkshire Building Society, a United-Kingdom-based financial-services institution, to take over the management of Yorkshire’s 20 ATMs, parent Cardtronics Inc. announced Feb. 1.

Credit card lending is likely to remain sluggish in the near term, according to one analyst, but a continued decline in card chargeoffs indicates "the bleeding has stopped" from loans that went into default during the recession.

Consumers "like" rock bands and clothing brands on Facebook. A loyalty rewards startup expects that they will also "like" their banks in exchange for discounts on purchases.

An underdeveloped, diverse and fragmented Indian payments market represents an opportunity for companies to help bring stability to that market, a new report from Mercator Advisory Group suggests.

Visa Canada insists the Canadian Competition Bureau’s legal challenge to eliminate the company’s consumer-protection policies has no merit and would be harmful to consumers.

Companies providing payment gateways, loyalty programs, and authorization and related services for Visa-branded transactions have improved their compliance with the Payment Card Industry Data Security Standard, Visa Inc. announced Jan. 27.

Despite the hype surrounding mobile applications for redeeming loyalty program points, consumers still would prefer one consolidated loyalty card they can attach to their keychain, according to a recent survey by ACI Worldwide Inc.

A government-appointed committee in India is proposing new mobile-banking guidelines to bring financial services to unbanked and underbanked individuals.

Prepaid card processor FNDS3000 Corp. has closed on a $500,000 private placement, the second scheduled portion of a $2.5 million, non-brokered equity financing agreement entered into in October and led by Sherington Holdings LLC, the Ponte Vedra Beach, Fla.-based company announced Jan. 31.

This story was updated from its original version.