Fintech

Two men have been arrested in Daytona Beach, Fla., and charged with felonies after stealing an ATM from the Daytona Beach News-Journal building.

Discover Financial Services is going into the new year in a relatively stronger position than it was a year ago, helped by the improving economy and by recent key strategic moves it has made, a new report suggests.

The Federal Trade Commission is taking legal action against a massive Internet enterprise that allegedly has made millions of dollars by luring consumers into "trial" memberships for government-grant and money-making schemes, then charging various fees to their credit and debit card numbers.



VoiceCash Services GmbH & Co. and Germany-based telecommunication provider Mobilcom-Debitel have partnered to launch an initiative to enable German consumers to transfer funds directly to between prepaid card accounts, VoiceCash announced on Dec. 23.

Network International LLC has entered into a strategic partnership with Abraaj Capital, which announced the deal Dec. 22.

HDFC Bank Ltd. and Jet Airways Ltd. have entered into an agreement that enables the bank’s credit cardholders to pay for tickets on installment, the India-based bank announced Dec. 15.

The Bank of the Philippine Islands has selected Hypercom Corp. to provide terminals for its card-payment systems, the Scottsdale, Ariz.-based terminal maker announced Dec. 21.

Vantage Credit Union of St. Louis says it has dramatically improved customer engagement by enabling members to access the Facebook Inc. and Twitter Inc. social-media websites from within online banking. Those who access Facebook and Twitter through its online-banking tool spend twice as much time on the credit union’s website as the users who do not.

Many online merchants in the United Kingdom may experience downtime during the holiday shopping season because their systems used to detect fraud card-not-present fraud may not be reliable or current, new research suggests.

Think Computer Corp. has introduced a digital-coupon system integrated into its mobile-payments application that relies on facial recognition to confirm a user’s identity at the point of sale to help combat payment fraud.