Cards

Bank of America is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.

Record transaction processing and growth in the company's noncard businesses helped merchant processor Heartland Payment Systems generate a 44% second-quarter lift to its profits.

Merchants and ATMs in Nepal last month gradually began accepting cards issued by JCB International Co. Ltd. through partnerships with Himalayan Bank Ltd. and Alpine Card Service P. Ltd., Japan’s only global payment brand announced.

LOS ANGELES -- Two men were each sentenced to three years in prison for withdrawing tens of thousands of dollars from ATMs with credit union and bank credit card information that was stolen from craft-store retail chain Michaels Stores in 2011.

Cash Paymaster Services has issued 2.5 million chip-based debit MasterCards backed by biometric security to social grant recipients across South Africa since March.

Juan Benitez, the new chief technology officer of Braintree Inc., expects to play a key role in the continued growth of the online and mobile payments provider.

The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

The prepaid card segment of Western Union Holdings Inc. was busy this month. The company's core business remains the transfer and reception of funds, but that is not a daily activity for most consumers.

PNC, which in March acquired RBC Bank USA and its nearly 1 million customers in the Southeast, is bolstering its ATM presence in the region through a deal to brand 191 machines deployed in Harris Teeter stores.

Though Diebold posted year-over-year growth in revenue and income, the North Canton, Ohio ATM maker says it is dealing with the effects of shorter-term changes to its revenue mix.

Fiserv is adding a host of mobile tools to its UChoose Rewards bankcard loyalty program, starting with a mobile app that lets customers redeem their rewards points on the spot in stores.

The shift to EMV chip-card technology over the next few years could trigger other organizational problems for U.S. banks and merchants.

The Olympics and other attractions are not just proving grounds for athletes — stadiums, amusement parks and concert halls provide the perfect conditions to test new payment technologies.

Chicago has become the second U.S. city to participate in MasterCard Worldwide’s Priceless Cities campaign.

Having Cracker Barrel Old Country Store Inc. reject a proposal for ATMs in the chain’s more than 600 restaurants because modern technology didn’t fit its general-store motif may have been the best thing that could have happened to Supreme ATM.

The Federal Reserve Board on July 27 approved a final rule that amends the provisions in its debit-pricing rule that permit debit card issuers subject to the interchange fee standards under the Durbin amendment to Dodd-Fank to receive a fraud-prevention adjustment.

Over the past few months, as Green Dot’s chief executive Steve Streit met with all of his company’s major retailer partners, one thing became certain: Most of those stores could start putting competing products on their shelves.

Bank of America Merrill Lynch has expanded the global reach of its payment cards while also preparing to provide new technology to clients in the Single Euro Payments Area who will soon deal with far more cross-border payments.

The revolving door continues to spin at prepaid marketer Green Dot following two more high-profile exits.

Visa Inc.'s debit card payment volume declined again during the quarter ended June 30 as a result of a new debit network routing rule, but the worst effects of that trend are over, according to Visa CEO Joe Saunders.