Thieves use counterfeit debit cards to steal thousands

February 21, 2012

Two or possibly three unidentified men in Tampa, Fla., stole thousands of dollars from bank accounts using fake ATM cards, according to a news story at…

RI unemployment debit card fees hit a nerve

February 21, 2012

Citizens of Rhode Island are beginning to ask questions about fees charged for use of unemployment debit cards, a news story by the Worcester Telegram…

Aloha Pacific outsources debit processing and ATM servicing

February 17, 2012

Aloha Pacific FCU is expanding its relationship with CO-OP Financial Services to include debit processing and ATM terminal driving services, according to a…

Credit, debit rewards head in opposite directions

February 16, 2012

A Bankrate.com study underscores the impact of the Durbin Amendment on the debit and credit card industry, said a news story this week at ibtimes.

Growth returns to the Western European cards market

February 6, 2012

A news release from Retail Banking Research reported that the number of payment cards in Western Europe increased to 884 million in 2010. This information…

Visa boasts one million chip cards in the U.S.

February 6, 2012

U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of Dec. 31, 2011, demonstrating significant…

Debit cards to replace checks for Connecticut tax refunds

February 3, 2012

Connecticut’s four-year contract with JPMorgan Chase to issue income tax refunds using debit cards will reportedly cost the state about $25,000 a year, but…

Europe exchange rate regs may be in the cards

February 1, 2012

Expectations are mounting for near-term regulatory action from the European Commission concerning interchange rates for debit and credit transactions…

MasterCard introduces roadmap for next generation payments

February 1, 2012

MasterCard this week introduced a comprehensive roadmap focused on advancing the U.S. electronic payments system, according to a press release at the…

New Jersey legislature moves to stop repeat ATM fees

February 1, 2012

A New Jersey Assembly panel released a bill this week intended to ensure that citizens are not forced to pay "repeated unfair ATM charges," said a news story…

"Universal electronic card" for Russians postponed

January 30, 2012

Russia's all-purpose personal card demonstrated by President Dmitry Medvedev in the spring of last year will not be ready for implementation this month as…

BoA to test Groupon-style program

January 27, 2012

Bank of America Corp. is testing a Groupon-style program in three states. The program delivers merchant offers directly to users within their online bank…

New Hampshire considering a cap on card fees

January 27, 2012

The New Hampshire legislature is debating a bill that would limit credit and debit card fees to 1 percent for state-charted banks, according to a report by New…

New O2USA prepaid MasterCard goes live on February 1

January 25, 2012

O2USA will join an expanding universe of prepaid cards on February 1, according to a press release. The company says its new card is competitive with other…

Consumers receive mixed messages on payment choice

January 25, 2012

Recent debit card regulations have transformed market incentives for payments, creating a confusing environment for consumers, according to a press release…

Cardtronics shares bumped up to $29 price target

January 15, 2012

On January 12, research analysts at JPMorgan Chase & Co. boosted their price target to $29 on shares of Cardtronics, a provider of automated consumer…

The real story about store-branded debit cards

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Since the financial crisis millions of consumers have moved their purchases from bankcards to debit cards to help reduce their spending, and retailers are also…

Credit case may wallop BoA, other big banks

January 11, 2012

Private antitrust litigation pitting some five million retailers against Visa, MasterCard and 13 large banks has slipped under the radar of many analysts and…

Pakistani bank, asset management company co-brand ATM card

January 8, 2012

The Summit Bank in Pakistan and asset management company National Investment Trust has introduced a co-branded ATM card for NIT unit holders, according to the…

Commentary: Card Hub's CEO offers 6 credit predictions for 2012

Papadimitriou says not to expect any more financial reform legislation this year.