Why EMV needs speed to drive market growth

August 11, 2005

The Wisemarketer: The varying pace of migration to the EMV chip-card specification around the world has had a significant impact on the sales of EFT/POS…

Professional Photographers of California joins RBS Lynk program

August 11, 2005

ATLANTA - Payment processor RBS Lynk announced in an Aug. 9 news release that the Professional Photographers of California has joined its OneLynk Alliance…

Pre-paid bank cards set to invade Britain

August 11, 2005

Datamonitor: Credit card providers are hoping to introduce pre-paid cards to United Kingdom consumers in an effort to draw in millions of new customers who are…

First Data signs merchant alliance deal with Citibank

August 10, 2005

DENVER - First Data Corp. is buying Citibank's current U.S.-based Citi Merchant Services unit, which provides credit and debit card payment processing services…

Credit Union 24 hits 17 million transactions in July

August 9, 2005

TALLAHASSEE, Fla. - The Credit Union 24 Network announced in a news release that it hit an all-time high in monthly volume in July, nearing 17 million. The…

SunTrust extends contract with ACI

August 9, 2005

OMAHA, Neb. - ACI Worldwide announced in an Aug. 9 news release that its contract with SunTrust Banks Inc. to provide BASE24 transaction-processing software…

Contactless payments have unique security risks

August 9, 2005

ePaynews: With Datamonitor predicting the market for contactless payment tokens to grow by 47 percent through 2009, contactless smart cards appear to be moving…

Fiserv EFT reports record transaction volume

August 9, 2005

BROOKFIELD, Wis. - Fiserv Inc.'s EFT business unit announced solid EFT transaction volume and strong growth rates in key transaction categories for the first…

Security will be focus of ATMIA ATM Debit Summit

by Tracy Kitten — Editor, AMC

August 8, 2005

Security, identity theft, reaching unbanked consumers and the ins and outs of Plus' new ATM operator rules are slated for discussion at ATMIA's September ATM…

First Data expands Asian presence

August 7, 2005

SHANGHAI, China - First Data Corp., a global provider of electronic commerce and payment services, has significantly expanded its presence in China and North…

Study: ATM/debit card fraud in U.S. costs $2.75 billion in losses

August 2, 2005

STAMFORD, Conn. - Thieves increasingly are exploiting vulnerabilities in consumer bank account systems, with an estimated 3 million U.S. consumers victimized…

Infonox, CashWorks join to build financial kiosk network

August 2, 2005

SAN JOSE, Calif. - Infonox, which builds and operates multi-application payment platforms, has partnered with the CashWorks division of GE Consumer Finance to…

Australian banks talk ATM access with Beijing

August 1, 2005

The Sydney Morning Herald: Major banks in Australia are in talks with the Chinese government about giving Chinese tourists access to Eftpos terminals in…

First Data names new president of China, North Asia business

August 1, 2005

SHANGHAI, China - First Data Corp., a leader in payment services and electronic commerce, announced in an Aug. 1 news release the appointment of Nigel Lee as…

Euronet launches money-transfer, bill-payment services with acquisition of TelecommUSA

July 27, 2005

LEAWOOD, Kan. - Euronet Worldwide Inc., an electronic payments provider, completed its acquisition of TelecommUSA, a consumer financial services company based…

Massachusetts credit unions plan big expansions

July 27, 2005

The Boston Globe: Credit unions in Massachusetts are trying to cash in on a wave of consolidation in the state's banking industry.The credit unions are staking…

Cash back at the POS versus the ATM

by Tracy Kitten — Editor, AMC

July 26, 2005

ATM deployers have been keeping watchful eyes on cash-back transactions at the POS, but a recent study shows that cash back at the POS might not be as popular…

Euronet reports 34% increase in 2Q earnings from '04

July 26, 2005

LEAWOOD, Kan. - Euronet Worldwide Inc., an electronic-payments provider, announced in a news release that its revenue for the second quarter of 2005, ended…

Cashless society myth dispelled

July 24, 2005

Easier.com: The U.K. Post Office's Cash Nation survey reveals that the United Kingdom is still a nation of cash lovers. According to the survey, one person out…

Compromised credit data improperly kept, company admits

July 12, 2005

New York Times: John M. Perry, chief executive of CardSystems Solutions, the credit card processing company whose computer system was penetrated by data…