NACHA reports 14 billion ACH payments in 2005

May 10, 2006

SAN DIEGO - Nearly 14 billion automated clearing house payments were made in 2005, a 16.2 percent increase from 2004, according to statistics compiled by…

Wisconsin bank signs with Star Network

May 9, 2006

DENVER - First Data Corp. signed an agreement to provide Star Network access to Brookfield, Wis.-based North Shore Bank at more than 40 locations throughout…

Diebold faces informal SEC inquiry

May 9, 2006

Reuters: Diebold Inc. said May 9 that the Securities and Exchange Commission has begun an informal inquiry into how the company recognizes revenue. SEC…

Wachovia buys Golden West

May 9, 2006

Bobsguide: Wachovia Corp., the United States' fourth-largest bank, is expected to buy California's Golden West Financial Corp. in a deal worth an estimated $2…

Level Four wins award for payments excellence

May 9, 2006

Bobsguide: Level Four, provider of open standards-based ATM testing and development software, won the silver EPCA/ECR award for its ATM TrueTest product, which…

NACHA approves rules for back-office check conversion

May 9, 2006

SAN DIEGO - NACHA-The Electronic Payments Association approved an amendment to its operating rules that allows retailers and billers to convert eligible checks…

Growth in Asia-Pacific's credit-card issuance, spending expected to continue

Datamonitor: Last month, HSBC announced it experienced double-digit growth in credit-card uptake and spending across Asia-Pacific in 2005. The bank issued 8.…

Common application spec may accelerate EMV migration

May 8, 2006

ePaynews: Global EMV-migration rates may accelerate with EMVCo's release of its common payment-application specification, which streamlines tests for card…

Microsoft preps new version of Windows CE

May 8, 2006

KiplingerForecasts: Microsoft Corp. developers have quietly been working on a new version of Windows CE, the operating system found in everything from sewing…

TMD Security intros new card-reader security

May 8, 2006

CURACAO, Netherlands Antilles - TMD Security announced in a news release the launch of its CPK+ Model 3, a new product that protects dip card-readers from…

Jack Henry names Mark Forbis VP, CTO

May 8, 2006

MONETT, Mo. - Jack Henry & Associates Inc., provider of integrated computer systems and ATM, debit card and ACH transaction processing, announced the…

Congress asked to step into interchange wars

May 8, 2006

WASHINGTON - Congress was asked last week to consider joining the ongoing interchange-fee battle between U.S. merchants and Visa and MasterCard.

Australian central bank to set card-fees cap

May 8, 2006

Datamonitor: The Australian banking regulator is expected to impose a cap on interchange fees that it is estimated to cost the local payment-card industry $17…

E-payments expected to double by 2010

May 8, 2006

OMAHA, Neb. - A study commissioned by ACI Worldwide found that the annual number of electronic payment transactions, currently about 210 billion worldwide, is…

Remitco to use Wausau enterprise-remittance platform

May 7, 2006

MOSINEE, Wis. - First Data Corp.'s Remitco unit, the nation's largest processors of retail-lockbox payments, has signed a deal with Wausau Financial Systems to…

CDS now supports Triton ATM online journal

May 7, 2006

DALLAS - Columbus Data Services announced in a news release that it now supports Triton's online ATM journal. According to a news release, the journal captures…

Credit Union 24 eliminates membership minimums

May 7, 2006

TALLAHASSEE, Fla. - Credit Union 24 announced in a news release it has eliminated membership-fee minimums for its member-shareholders. The decision by the EFT…

B of A chief dissatisfied with bank's Visa focus

May 7, 2006

Datamonitor: Bank of America chief executive Ken Lewis said he's unhappy that his bank in the past concentrated on promoting the Visa brand instead of its own.

Diebold announces remote service for ATM channel

May 7, 2006

NORTH CANTON, Ohio - Diebold Inc.'s new OpteView Remote Services allows remote troubleshooting and problem diagnosis for ATM-network service. Using Internet…

MasterCard IPO could raise up to $2.61 billion

May 7, 2006

Reuters: MasterCard Inc., the world's No. 2 credit card association, expects to raise up to $2.61 billion in its upcoming initial public offering. MasterCard…