Fintech

Digital payments company ACI Worldwide has begun offering bill pay services on ATMs and kiosks sold by LD Systems.

The ATM is one of the oldest self-service technologies in banking, and mobile is one of the newest. But surprisingly, this odd couple of technologies has a lot of synergy.

The Obama Administration's issued looser rules Thursday for transactions in the small island nation, but banks still face impediments.

Monitise, a London-based payments technology company, has partnered with MoneyPass Network to provide services to ATM users in the U.S.

Citigroup Inc. will exit some businesses within its institutional clients group, including hedge-fund administration and prepaid cards.

FS Card announced Thursday that Republic Bank & Trust in Louisville, Ky., will issue its new subprime credit card, which is scheduled to be launched this spring.

Banks in Europe are selling digital gift cards alongside traditional bank accounts, allowing online consumers to buy credit for Facebook, Nintendo, Spotify and other content providers.

JPMorgan Chase & Co. reduced automated teller machines by 12% last quarter as the largest U.S. bank exited from some retail locations.

The holding company for 15 banks, which is approaching $20 billion in assets, has been testing cardless ATM transactions since the summer of 2013. Now, it is expanding the capability to dozens of machines — marking it the first institution in the U.S. to take the technology, powered by the vendor FIS, into production.

The uses for prepaid cards are expanding, creating fresh opportunities for financial institutions that may have earlier dismissed the product as a tool for the unbanked, said Michael Fiore, who becomes MasterCard's group executive of global prepaid solutions on Jan. 15.