Who's who: Matt Burns

by Tracy Kitten — Editor, AMC

May 10, 2006

Who knew that in the new millennium Web sites and ATMs would have much in common? Growing up on different sides of tracks left a divide between the ATM and…

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…

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…

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.

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…

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.

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…

Virtual game pays players real cash via ATM cards

May 4, 2006

Ottawa Citizen: Is your current job not doing enough to pay the bills? How does mining on an asteroid sound? Or hunting beasts on another planet? Those are…

Latin America's banks make EMV a priority

May 3, 2006

ePaynews: Latin American countries are expected to spend more than U.S. $200 million on card technologies in 2006, 70 percent more than in 2004 and 2005. The…

Fifth Third selling merchant processing contracts to TransFirst

May 2, 2006

DALLAS - Transaction processor TransFirst has signed a definitive agreement to acquire the third party and agent bank merchant division of Cincinnati-based…

First Bank & Trust signs with Fifth Third for EFT services

May 2, 2006

CINICINNATI - First Bank & Trust Co. signed an eight-year contract with Fifth Third Bank Processing Solutions for electronic funds transfer services…

Fifth Third renews processing deal with credit union league

May 2, 2006

CINCINNATI - Falcon Cooperative and Vermont Credit Union League renewed its contract with Fifth Third Bank Processing Solutions for EFT services, including ATM…

Fifth Third earns quality award

May 2, 2006

CINCINNATI - Fifth Third Bank Processing Solutions, a division of Fifth Third Bancorp, has received the Visa 2004 Member Service Quality Performance Award for…

Fifth Third signs deal on fraud detection software

May 2, 2006

Business First of Louisville (Ky.): Fifth Third Bancorp's electronic payment processing division has purchased a five-year license on fraud-detection software…

Tio Networks launches clerk-assisted payments program

May 2, 2006

BURNABY, British Columbia - Tio Networks Corp., formerly Info Touch Technologies Corp., is now processing payments through Tio Express, its new clerk-assisted…

Payment Data Systems receives patent for bill-payment system

April 30, 2006

Finextra: Payment Data Systems Inc., an integrated electronic-payments provider, received a patent for its technology and method for managing and processing…

Canadian credit union implements latest version of Posh ATM Switch

April 26, 2006

GLASTONBURY, Conn. - Open Solutions Inc. announced that Golden, British Colombia-based Columbia Valley Credit Union has successfully completed its…

Wal-Mart bid causes rift between community banks

April 25, 2006

OVERLAND PARK, Kan. - Wal-Mart Stores Inc.'s application for a bank charter is quaking America's community banks, and the growing rift was evident April 2…