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…

Mr. Goldstone goes to Washington … and Tweets

by ATM marketplace

One retailer is on a campaign to educate the public, press and politicians about the big difference between interchange fees and ATM surcharge fees.

World Cup fans warned of credit card fees

May 25, 2010

As soccer fans prepare to descend on South Africa in June for the World Cup, they should also be prepared for high ATM fees.

Pelosi urged to ensure passage of debit card limits

May 25, 2010

Representatives Peter Welch (D - VT), Bill Shuster (R - PA), and Chris Carney (D - PA) wrote a letter to Speaker of the House Nancy Pelosi urging her to…

Sun National Bank goes mobile

May 25, 2010

Sun National Bank has announced that it has partnered with mFoundry to launch Sun on Hand, a fully integrated and comprehensive mobile banking solution for its…

INETCO launches professional consulting services division

May 24, 2010

INETCO Systems Limited, provider of transaction monitoring for the payment processing industry, has announced the launch of its Professional Consulting…

Online bill payment now mainstream, women use it more than men

A new survey shows online banking, bill payment and e-bill usage continue to grow, and the people using it have changed significantly.

Federal Reserve unveils database for credit card agreements

May 24, 2010

On Monday, the Federal Reserve Board unveiled a website where consumers looking for a credit card can compare rates and prices.

Heartland Payment Systems launches new card security technology

May 24, 2010

Heartland Payment Systems has commercially launched its new state-of-the-art payment card security technology.

Sen. Nelson admits to never using an ATM

May 24, 2010

Senator Ben Nelson (D - Nebraska) made comments to the Omaha World-Leader that he didn't know what ATM fees were because "I've never used an ATM."