Fintech

Toronto-Dominion Bank, Canada's second-largest lender by assets, agreed to buy Nordstrom's Visa and private-label credit-card portfolio in the U.S. as it expands purchases in North American consumer credit.

ATM operator Cardtronics has signed an agreement to divest its U.K. cash-in-transit operation for retailers to international cash handling services company Loomis.

Wells Fargo has partnered with NCR to deploy an outdoor, full-service ATM designed to provide consumers extra transaction options in nontraditional locales.

The proposed $19 million settlement to cover financial institutions' losses from the Target data breach in 2013 has failed, and financial institutions believe public data security fears provide a strong hand in future talks.

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did, the companies said. Banks and credit unions will fight for a better deal.

WAYNESBORO, Va. — Two Virginia credit unions announced Wednesday that their merger was official.

ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better.

Credit unions had the highest satisfaction score (91) of any type of institution, followed by community banks (86), large and midsize banks (79) and the four universal banks (72), according to the Consumer Banking Expectations Index.

As CU Direct's annual "Drive" conference gets underway Wednesday in Glitter Gulch, the company is looking to expand awareness of its new Advisory Services.

MasterCard is betting that faster payments will appeal most to corporations and government agencies — not for collecting payments, but for disbursing them, particularly for insurance claims.