Financial DNA founder will be remembered for his unique insight

by Tracy Kitten — Editor, AMC

An innovator, an analyst with a knack for financial technology and a Renaissance man with a 360-degree perspective - that was Gary Craft. The founder of…

First Data appoints Bailis to lead Card Issuing unit

December 11, 2005

DENVER - First Data Corp. announced last week that David P. Bailis has been appointed to oversee the company's Card Issuing Services unit. According to a news…

Asia Pay, InterPay International establish operations in Asia

December 11, 2005

HONG KONG - Asia Payment Systems Inc. and InterPay International Group, a Singapore company, have signed an alliance to establish credit card operations in…

Tourists' card-use jumps in Asia-Pacific

December 8, 2005

eyefortravel.com: Visa Asia Pacific found that tourists to the Asia-Pacific region spent U.S. $5.7 billion on their Visa cards in the third quarter of this…

SURVEY: Americans use credit, debit for low-price buys

December 8, 2005

The Green Sheet: Survey findings released Dec. 8 at the at the Micro and Small Payments Conference in New York reveal that consumers' desire to use credit and…

Euronet signs lottery chains for e-top-up solutions

December 7, 2005

LEAWOOD, Kan. - Euronet Worldwide's subsidiary, Transact, has introduced electronic top-up services at two lottery outlets in Germany - Westdeutsche Lotterie…

Merchants take the processing reins

December 7, 2005

PHOENIX - Checkgateway, a provider of electronic-payment services, announced in a news release that its Automated Clearing House and credit-card processing is…

TNS, Avantel create Latin American transaction alliance

November 30, 2005

RESTON, Va. - Avantel, Mexico's leading IP-based telecommunications services provider has signed an alliance with Transaction Network Services Inc. to provide…

eFunds, U.S. Postal Service ink processing agreement

November 30, 2005

SCOTTSDALE, Ariz. - eFunds Corp. will provide payment-processing switching services, debit-gateway processing and back-office solutions for the U.S. Postal…

Sentias Software, Credit Card Transactions jointly deliver to e-commerce customers

November 30, 2005

NORTH VANCOUVER, British Columbia - Sentias Software Corp. and California-based Credit Card Transactions Inc. have agreed to collaborate on the delivery of…

BofA's new debit program prompts scrutiny

by Tracy Kitten — Editor, AMC

November 29, 2005

BofA says its new Keep the Change program is designed to help consumers save extra change. But a D.C.-based consumer watchdog group argues the bank's motives…

New interchange standard hits Australia

November 28, 2005

Finextra: The Reserve Bank of Australia is taking a second look at the interchange standard. Effective Nov. 1, 2006, the bank is enforcing a standard…

Latin American banks benefit from card-based products

November 27, 2005

ePaynews.com: In Latin America, electronic payments volume has benefited from the modernization of the underlying financial infrastructure and the growing…

First Data opens office in Singapore

November 21, 2005

SINGAPORE - First Data Corp. has opened a regional office in Singapore, according to a news release.

NCR rewards FIs, sponsors, retailers through ATM receipt promotion

November 21, 2005

ORLANDO - NCR Corp.'s Systemedia Division has kicked off a new promotion program to allow specialized branding and sales opportunities through customized ATM…

Paragon completes testing solutions for financial transactions

November 20, 2005

HOLLY SPRINGS, N.C. - Paragon Application Systems announced in a news release the integration of its ATM, EFT and POS simulation and testing tools to provide…

Axalto scoops 3 Sesames Awards in France

November 20, 2005

VILLEPINTE, France - Axalto announced in a Nov. 15 news release that it has been awarded for identification, hardware and security solutions at the smart card…

First Data acquires Austrian Payment Systems Services

November 9, 2005

VIENNA, Austria - First Data Corp., a global provider of electronic commerce and payment services, has acquired Austrian Payment Systems Services GmbH…

Triton, MagTek partner to demo security tech at RD

November 9, 2005

LONG BEACH, Miss. - Triton Systems and MagTek have partnered to demonstrate MagnePrint, a security tool designed to strengthen card-authentication at the ATM.

ATM crime ring busted in Arizona

November 8, 2005

KOLD-TV: United States Secret Service Agents say they've brought down a major crime ring related to an ATM scam. Seventeen people from the Tucson, Ariz., area…