Debit settlement reportedly will cost MasterCard $1 billion

April 28, 2003

NEW YORK -- Though the terms of a deal reached by MasterCard International in the high-profile class action pitting Wal-Mart Stores and other retailers against…

MasterCard settles in debit case

April 27, 2003

NEW YORK -- In a surprise move, MasterCard International settled its portion of the class-action lawsuit filed by Wal-Mart Stores Inc. and other retailers over…

Coinstar to offer payroll distribution at kiosks

April 24, 2003

HOUSTON -- Coinstar, which is currently conducting a prepaid phone top-up pilot at 75 of its coin-counting kiosks in supermarkets (See related story Top-ups at…

Court order prevents student from disclosing method of hacking into campus card system

April 17, 2003

ATLANTA -- Fifteen minutes before he was to lecture on security flaws in a debit card system used on 223 college campuses, 22-year-old Billy Hoffman learned a…

Euronet subsidiary in top-up deal with UK Safeway stores

April 10, 2003

LEAWOOD, Kan. and LONDON -- Euronet Worldwide's (Nasdaq:EEFT) subsidiary e-pay has launched electronic top-up services, a payment method that enables consumers…

No joke -- Visa, MasterCard going to trial on antitrust charges

April 1, 2003

NEW YORK -- A New York judge on April 1 denied a motion by Visa and MasterCard seeking to throw out the antitrust lawsuit brought by Wal-Mart Stores Inc.

Hip-hop mogul's latest venture is prepaid card

March 26, 2003

NEW YORK -- It's surprising the folks who are getting into prepaid debit cards these days.   Case in point: hip-hop mogul Russell Simmons, founder of Def Jam…

Debit growing in S. Africa

March 23, 2003

JOHANNESBURG, South Africa -- The number of debit cards used in South Africa is growing sharply as banks switch their low-income customers from simple ATM…

MasterCard wants separate trial on debit antitrust claims

March 17, 2003

NEW YORK -- MasterCard International on March 14 asked for a separate trial from rival Visa in an antitrust case brought against the two card associations by …

Service could have cross-over appeal for ATMs, kiosks

What's good for the ATM is good for the kiosk, and vice versa. Based on this principle, several service companies are seeking to expand their customer bases by…

eFunds wants to boost ATM margins

The financial performance of eFunds' ATM Management business was beset by shrinking margins in 2002. The company wants to reverse that trend in '03 under the…

Florida company sues big retailers over prepaid card sales

February 19, 2003

MIAMI -- A tiny company run out of the 74-year-old chief executive's home in Coral Gables, Fla., has filed a lawsuit filed in federal court alleging that Home…

PNC is 2nd bank to cancel ATM cards after hacker attack

February 19, 2003

PITTSBURGH, Pa. -- PNC Bank said  it was forced to deactivate some 16,000 of its ATM/debit bearing the Visa logo after being notified by Visa that the cards…

UK's ATM Security Working Group could serve as model for U.S.

Alan Townsend, the London police detective who helped create an ATM Security Working Group with a number of the UK's top independent ATM deployers, says a…

Citizens Bank reissues ATM cards in wake of hacker attack

February 18, 2003

PITTSBURGH, Pa. -- Hundreds of bank customers in Pittsburgh and across the state had their ATM/debit cards canceled after a computer hacker stole some …

Colorado child support recipients can access payments at ATMs

February 10, 2003

DENVER -- In cooperation with U.S. Bank (NYSE:USB), Colorado has become the first state to disperse child support payments on a plastic card versus a paper…

NYCE sponsorship may help draw FIs to ATMIA show

Both the ATM Industry Association and NYCE Corporation believe that the upcoming 'ATMs in the Americas' event in Miami will have crossover appeal for…

Wincor World shows the latest self-service apps

Hosted by German ATM manufacturer Wincor Nixdorf, the recent Wincor World event drew some 7,000 people from 40 countries to see the latest developments in…

Infinity inks deal with Lipman to deploy thousands of POS terminals

January 27, 2003

SYOSSET, N.Y. -- Infinity Data Corporation has signed an agreement with Lipman USA valued at approximately $1.8 million to purchase and deploy 6,050 NURIT…

Cardholders make debit transactions twice as often as ATM

January 22, 2003

HOUSTON -- U.S. consumers now are using their ATM and debit cards for purchases at supermarkets, gas stations and other electronic point-of-sale terminals more…