Panelists see opportunities, challenges for ATMs

The old ATM isn't what it used to be -- but there may be some new opportunities for continued growth. That was the consensus of panelists at a 'town hall…

Discover Financial Services sues for damages from Visa and MasterCard

October 4, 2004

RIVERWOODS, Ill. - Discover Financial Services, a business unit of Morgan Stanley, filed a lawsuit in federal court in New York on Oct. 4 seeking damages from…

Money Centers lands contract for cash services

September 29, 2004

KING OF PRUSSIA, Pa. - iGames Entertainment, Inc. reported its wholly owned subsidiary, Money Centers of America, has signed a four-year, multi-million-dollar…

A conversation with Bipin Shah

Drop the ATM surcharge? Yes, says Bipin Shah. The Genpass CEO says financial institutions should consider offering an account that would encompass all products…

Australia's Reserve Bank considering regulation of debit fees, takes no action on ATMs

September 9, 2004

SYDNEY- Australia's Reserve Bank has designated the country's EFTPOS debit card system as a payment system under the Payment Systems (Regulation) Act 1998.

MasterCard's online debit transactions grow in 1st half of '04

September 8, 2004

PURCHASE, N.Y. - MasterCard International says that its online debit activity, which includes MasterCard's online debit program, Maestro, and MasterCard's…

Pa. to distribute child support payments via ATM/debit cards

September 7, 2004

Patriot-News: Pennsylvania is launching a pilot program that will allow parents to access child-support payments through ATM/debit cards. Nearly 6,300 parents…

Credit card fraud declines in UK; ATM fraud still growing

September 1, 2004

Vnunet.com: The use of new technologies is starting to prove effective in the fight against credit and debit card crime, with fraud levels in the UK falling…

Card companies go after teens with trendy prepaid cards

August 4, 2004

USA Today: Credit card companies are trying to entice young users with prepaid cards plastered with images of their favorite icons, including R&B performer…

Payroll card provider extends relationship with Allpoint network

July 27, 2004

BETHESDA, Md. - Money Network, a payroll card provider, has expanded its relationship with the Allpoint surcharge-free ATM network, so that all future Money…

Free ATM access boosts payroll cards' profile

July 12, 2004

Surcharge-free ATMs may help boost acceptance of payroll cards, which show a strong growth potential. Payroll administrators like to be able to give their…

BofA to create credit card giant with purchase of National Processing

July 12, 2004

CHARLOTTE, N.C. - Bank of America has signed a definitive agreement to purchase all outstanding shares of National Processing Inc. (NYSE: NAP) for $1.4 billion…

ATM vet Bob Cannon is now president of prepaid firm

June 29, 2004

SUGARLAND, Texas - XL Payment Systems, Inc. has introduced a pre-paid debit card program designed to serve the unbanked and under banked populations.

Chinese retailers unhappy over interchange

May 24, 2004

GUANGZHOU, China - American retailers aren't the only ones unhappy about interchange fees paid to card issuers.

InstaPay PINs Internet payment hopes on pad

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May 10, 2004

InstaPay Systems Inc. has spent the last four years developing what the company claims is the first patented production system for delivering encrypted…

7-Eleven intros proprietary prepaid wireless

April 28, 2004

DALLAS - 7-Eleven, Inc., this month willl become the first retailer to launch its own prepaid wireless service using major names in the cell-phone industry…

Oregon offers unemployment benefits via prepaid card

March 23, 2004

PORTLAND, Ore. - Jobless Oregonians can now obtain their money with a first-in-the-nation debit card for unemployment benefits launched this month by the state…

Coinstar expands prepaid presence with CellCards acquisition

March 14, 2004

BELLEVUE, Wash. - Coinstar, Inc. (NASDAQ: CSTR) has acquired CellCards of Illinois, L.L.C., formerly a majority owned subsidiary of American Payment Systems…

Singapore EFT network to reward cardholders for debit purchases

March 4, 2004

SINGAPORE - Nets, the Network for Electronic Transfers Singapore, plans to award points to cardholders who use their Nets ATM cards or CashCards to pay for…

Genpass, Payroll 1 partner on payroll card program

March 3, 2004

IRVING, Texas - Genpass, manager of the MoneyPass surcharge-free ATM network and a provider of PayCard payroll debit cards, and payroll processing company…