Fintech

Billions of dollars are changing hands in the ATM industry, accelerating a revolution in how self-service is used in both bank branches and retail stores.

Auto-loan, commercial-mortgage-backed and other securitizations use what is known as the swaps curve to price floating-rate deals. But pricing volatility is causing some to ask whether the market should go back to Treasuries after a 15-year hiatus.

The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system.

Payroll cards are part of the emerging mobile payments capabilities that are shifting the nature of financial transactions.

S.T.A.R. Community Credit Union of Chico, Calif., will merge into Members 1st Credit Union, here, after members of S.T.A.R. Community gave their approval at a special meeting last week.

Banks give a lot of reasons for providing chip cards that work with signatures, rather than four-digit PIN codes, but none of them are convincing.

Diebold and Wincor Nixdorf — which plan to merge under the name "Diebold Nixdorf" — were already in the midst of major projects to digitize bank branches and retail stores before the pressure from mobile devices led them to join forces to keep pace with innovation.

Diebold Inc. agreed to buy German rival Wincor Nixdorf AG for about 1.8 billion euros ($1.9 billion) to create the biggest maker of cash machines and security systems with more than $5 billion in sales.

At long last, the National Retail Federation has won the support of several U.S. attorneys general in its demand for chip and PIN security at the point of sale. But even this isn't enough.