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Finding solutions for denomination fraud

by Fritz Esker — Freelance Journalist, Networld Alliance

Denomination fraud can provide headaches for ISOs, but there are some steps that can be taken at the password security and programming levels to prevent it.

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Canada gets first fully EMV chip-and-PIN-certified card payment system

May 10, 2010

YESpay International Ltd. has completed the EMV certification of its EMBOSS card payment service with Chase Paymentech as the first fully-hosted EMV…

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Skimmers and no-swipe cards

May 10, 2010

As no-swipe cards make credit card purchases more convenient for consumers, they also make them susceptible to new tricks from skimmers. According to a story…

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SmartMetric to manufacture and distribute EMV SmartCards

May 10, 2010

SmartMetric Inc. announced today its plans to penetrate the EMV (Europay, MasterCard, Visa) credit and debit payment SmartCard market.

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Fed reports credit card debt declining and consumer credit rising

May 9, 2010

A recent study from the Federal Reserve Board reports an overall increase in consumer credit. According to an article on credit.com, the Fed said consumer…

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Congress debates curbing credit card fees

May 9, 2010

Part of the Wall Street reform bill being debated by Congress includes regulations on how much credit card companies can charge businesses for "interchange…

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Fiserv processor back online

May 9, 2010

On Friday afternoon, financial institutions using the Fiserv EFT debit card processing system had a server malfunction preventing debit card purchases.

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NAFCU opposes ATM fee cap

May 6, 2010

The National Association of Federal Credit Unions (NAFCU) wrote a letter to U.S. senators in opposition to the amendment of the Restoring American Financial…

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Report: Debit card use on the rise

by ATM marketplace

For the first time ever, MasterCard's U.S. customers have spent as much with their debit cards as they did with their credit cards.

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Hacker develops multi-platform rootkit for ATMs

May 6, 2010

Security researcher Barnaby Jack will deliver a talk on ATM security vulnerabilities and disclose a new ATM rootkit at the Black Hat Las Vegas conference, to…

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Alleged ATM hacking scheme thwarted

May 6, 2010

19-year-old Thor Alexander Morris was arrested at a Houston flea market last month after entering a default administrative passcode on a Tranax Mini-Bank ATM…

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Senate proposes capping ATM fees

May 5, 2010

Senator Tom Harkin, D-Iowa, introduced an amendment Wednesday that would cap ATM fees at 50 cents per transaction.

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New federal overdraft rules for ATM, debit cards

May 5, 2010

New federal rules will require ATM and debit card users to grant permission for certain overdrafts to be covered by their bank.

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Survey: Most consumers want to interact with banks online

by ATM marketplace

Consumers overwhelmingly prefer to interact with companies through websites, especially when it comes to simple, repetitive tasks like paying bills.

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American Express debuts prepaid cards

May 4, 2010

American Express is introducing a prepaid card called PASS, targeted to parents looking to give a card to teens.

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MasterCard 1Q profit rises 24 percent

May 4, 2010

MasterCard saw spikes in profit and revenue for the first quarter of 2010.

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Kim Rhodaback named president of ATM World, Atlas ATM, F.A.M. Capital

May 4, 2010

ATM World Corp., Atlas ATM and F.A.M. Capital LLC have announced that Kim Rhodaback has been named president of the three affiliated companies. The companies…

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Global Axcess Corp. announces 1Q 2010 results

May 4, 2010

Global Axcess Corp. announced its financial results for the first quarter of 2010.

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Northwest Savings Bank achieves long-term growth with Fiserv

May 4, 2010

Fiserv Inc., a global provider of financial services technology solutions, has announced that long-term client Northwest Savings Bank of Warren, Pa., has…

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Banking on the iPad: Evolutionary or revolutionary?

by ATM marketplace

Should financial institutions rush to create custom iPad apps to support Apple's new device?

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