The news just keeps getting worse for Digiliti Money Group Inc., a small fintech company that provides remote deposit capture software and services for banks and credit unions. On Monday, Digiliti said it is considering “strategic options” that include a sale of the company or a Chapter 11 bankruptcy filing. …

The estimated number of U.S. ATMs—including those deployed by financial institutions and independent operators, and branded machines—increased 10.5% to at least 475,000 and as many as 500,000, the ATM Industry Association said this week. The previous estimate, released in 2015, was 430,000, says David Tente, ATMIA’s executive director for the …

Declining use of cash at Atlanta’s Hartsfield-Jackson International Airport has prompted the Atlanta City Council to re-bid a contract for banking services at the world’s busiest airport after only one bank, SunTrust, responded to the original proposal, the Atlanta Journal-Constitution reported. The incumbent, Wells Fargo, claims ATM revenues have declined and that its …

Worldpay has asked for second extension, this time to Aug. 11 after a first one to Aug. 8, of a British regulatory deadline as Worldpay and Vantiv Inc. executives put the finishing touches on Vantiv’s proposed $9.9 billion buyout offer for the London-based merchant acquirer. Reuters reported that the companies expect to announce a final …

Artificial-intelligence technology, on which a number of payments applications have begun to rely over the past year or so, just keeps getting hotter. Nearly 700 funding deals for AI startups were concluded in 2016, up 33% from 2015, according to a report released this week by CBInsights, a New York …

Enabling cross-border payments for e-commerce transactions will take on greater importance if forecasts hold true. That means payments companies wanting to serve these merchants will have to adopt services that accommodate international payments. While U.S. and Canadian consumers will spend an estimated $72.7 billion on cross-border e-commerce in 2017, that …

Millennials don’t care for or trust the traditional advertising tactics that have been a staple of the payments industry for eons—84% say they don’t like them at all. For consumer-facing brands, the implications of these findings are quite significant—particularly since cultivating and rewarding customer loyalty is a foundational marketing element. …

Two recent studies have produced some interesting insights about person-to-person payments. One spells out the similarities among users of prepaid cards and P2P services. The other shows just how strong PayPal Holdings Inc.’s hold in money transfers and P2P and other payments is. The findings about prepaid and P2P come …

The Federal Reserve on Friday is releasing a report that calls for all American consumers and businesses to have, by 2020, the ability to receive faster payments. The ambitious goal is included in the final report of the Faster Payments Task Force, a Fed-sponsored group of more than 300 industry …

The forecast for person-to-person mobile payments is a heady one. Expect double-digit growth through 2021, says research firm eMarketer Inc. As more consumers adopt the growing number of P2P payments services, the value of their P2P mobile transactions will increase to $244.03 billion, up 103% from the $120.38 predicted for …