Banks gearing up to take gift card market share

October 17, 2005

ePaynews.com: Just 23 percent of all mid-sized banks offer gift or prepaid cards, and the percentage for smaller banks is even less, according to research from…

Visa continues strong growth in Jordan, Levant

October 16, 2005

JORDAN - According to a news release, the Levant region has experienced a 15 percent annual rise in the number of Visa cardholders. The region now has more…

ATMIA publishes best practices for stored-value products

October 13, 2005

BROOKINGS, S.D. - ATMIA's Debit Council announced in a news release that it has released the industry's first set of international best practices for stored…

Relearning old tricks to reach unbanked consumers

by Tracy Kitten — Editor, AMC

October 11, 2005

Private investors and company executives are trying out products that reach the unbanked. Last month, the two met in San Francisco to talk about those products…

Axalto provides smart cards for KeyBank

October 11, 2005

AUSTIN, Texas - Axalto, which provides microprocessor cards, is supplying more than 2 million MasterCard PayPass cards to KeyBank for the first contactless…

Metavante makes government move with deal for Link2Gov

October 11, 2005

Digital Transactions: Metavante Corp. is buying Link2Gov Corp., a 10-year-old payments processor for governmental agencies, utilities and healthcare. Terms of…

BofA to sell credit cards at ATMs

October 9, 2005

Charlotte Business Journal: Bank of America  is working to put its vast ATM network to use - selling credit cards. Before the end of the year, the…

Australian banks agree to look at limiting withdrawals in pubs, clubs

October 9, 2005

ABC News Online: The Australian Bankers Association said last week it is happy to discuss limiting ATM withdrawals in pubs and clubs to help fight problem…

Open Solutions, Elan announce partnership

October 6, 2005

CRM Today: Open Solutions Inc., which provides integration-enabling technologies for community financial institutions across the United States and Canada, has…

NCB awarded for best electronic banking services in Saudi Arabia

October 6, 2005

AME Info: The National Commercial Bank has won the Middle East award for the best bank in Electronic Banking Services in the Kingdom of Saudi Arabia for 2005.

Visa grants CardSystems an extension

October 5, 2005

The Green Sheet: Visa U.S.A. won't cut CardSystems Solutions Inc. from its network until Jan. 31, 2006. The three-month extension follows CyberSource Corp.'s…

First Data, Chase integrate merchant processing

October 5, 2005

NEW YORK - J. P. Morgan Chase & Co. and First Data Corp. have signed an agreement to integrate the companies' jointly owned Chase Merchant Services and…

Japan's consumers positive about EMV

October 5, 2005

ePaynews.com: In Japan, consumer awareness of EMV chip cards is high, reportedly because of the early efforts of JCB, Japan's largest payment-card issuer, to…

Open Solutions Canada upgrades switching services

October 5, 2005

GLASTONBURY, Conn. - Open Solutions Canada, a business unit of Open Solutions Inc., is upgrading the provision of ATM and other financial transaction switching…

Rising bank fees hit consumers

October 4, 2005

USA Today: Last year, banks, thrifts and credit unions collected a record $37.8 billion in service charges on accounts, more than double what they got in 1994…

Euronet closes $175 million debt placement

October 4, 2005

Kansas City Business Journal: Euronet Worldwide Inc. has completed the sale of $155 million in convertible bonds and sold an additional $20 million of the…

ATM performance in Iran linked to banknotes

October 4, 2005

IranMania: Weak national currency is the main reason ATMs in Iran have not been functioning properly, said one banking expert, who added that dispensing higher…

Retail group sues MasterCard, Visa

October 3, 2005

Datamonitor: Four major merchant associations have filed an antitrust, class-action lawsuit against most of the major credit card issuers in the United…

Prepaid MasterCard leans toward convenience, not cost-savings

October 2, 2005

Scotsman.com: The new Cashplus prepaid MasterCard card, which allows consumers to load funds, hit the United Kingdom last month. Customers do not need bank…

ATM deployers view casino placements with new enthusiasm

by Tracy Kitten — Editor, AMC

Working with casinos, ATM deployers are learning to market the ATM as a valuable customer touchpoint, rather than just a utility.