Bank of China awards GRG ATM contract

June 7, 2010

Bank of China, one of four state-owned banks in the Peoples Republic of China, has awarded GRG Banking Equipment Co. Ltd. a second multi-million dollar…

Bling Nation makes new hire

June 7, 2010

Bling Nation, a Palo Alto, Calif.-based mobile-payments firm, has hired Shan Mehta to maintain and expand the company's customer relationships.

Fifth Third renews processing agreements

June 6, 2010

Diebold signs ATM-outsourcing agreement with Colorado credit union

Bellco Credit Union, a Greenwood Village, Colo.-based credit union, today announced that it has signed an ATM-outsourcing agreement with Diebold Inc.

SEC settlement of fraud charges should not affect Diebold's future, analyst says

The charges embarrass Diebold, but the company has moved forward by restating its earnings, and executives responsible for the fraud either have left Diebold…

Diebold rolls out anti-skimming devices

June 2, 2010

Diebold Inc. has rolled out a suite of anti-skimming solutions designed to help banks and other financial institutions mitigate card skimming against their…

SEC: Diebold fraudulently inflated pre-tax earnings to meet analyst expectations

The world's third-largest ATM manufacturer has agreed to pay a $25 million fine to settle the Securities and Exchange Commission charges.

TIO Networks signs bill-payment contract with cellular phone company

June 1, 2010

TIO Networks Inc. has signed a contract with Mobilicity that enables customers of the Toronto-based cellular-phone company to pay their phone bills in cash.

NAAIO elects Jim Cabe president

June 1, 2010

The National Association of ATM ISOs and Operators has elected Jim Cabe, co-founder of Cabe and Cato Inc., a Marietta, Ga., ATM independent sales…

Bank of America's CEO makes a splash in his first 100 days

May 31, 2010

Brian Moynihan, the new CEO of Bank of America, has brought a new style to the company during the first 100 days of his tenure.

Credit card companies profiling users

May 31, 2010

Cardholders have been hit with credit limit reductions, interest rate hikes, or have even had their accounts closed by issuers who made the decisions based on…

EU to market test Visa Europe's offer to cut debit card fees

May 31, 2010

European Union regulators will seek third party views on Visa Europe's attempt to avoid a possible fine by cutting its debit card fees.

ATM industry braces for a continued fight against the Harkin amendment

by ATM marketplace

After surviving round one of a legislative fight to cap ATM fees, the ATM industry braces itself for more battles on the horizons.

Durbin says Visa and MasterCard raise antitrust concerns

May 27, 2010

Senator Richard Durbin (D - Illinois) said "serious antitrust concerns" will be raised if Visa and MasterCard punish small banks that use their payment…

Colleges turn student IDs into debit cards

May 27, 2010

WTOL in Toledo reports that while IDs have long been used for on-campus purchases, schools are now turning the IDs into debit cards that can be used anywhere.

First Internet Bank offers text message banking

May 27, 2010

First Internet Bank has announced the release of its text message banking service.

Administration not taking sides in interchange issue

May 26, 2010

While credit unions hope to stop further regulation of interchange fees, they will have to do it without the support of the Obama administration.

UMB acquires credit card portfolio from 5Star Bank

May 26, 2010

UMB Bank has acquired 5Star Bank's credit card portfolio.

Vermont passes law to limit swipe fees

May 26, 2010

On Friday, Vermont became the first state to pass legislation limiting swipe fees on credit and debit card purchases.

Federal Court rules in favor of Nautilus Hyosung in dispute with Tranax

May 26, 2010

COPPEL, Texas — According to a press release, a federal court in San Francisco has confirmed an international arbitration ruling in favor of Nautilus Hyosung…