Merchants will re-evaluate card acceptance in 2012

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

In the very recent past, some merchants have been hesitant to accept debit and credit cards. Particularly for those retailers working with small-ticket items…

Welcome Green Dot Bank

by Arjan Schutte — Managing Partner, Core Innovation Capital

On Freedom Boulevard in Provo, Utah, nestled between the mountains of Uinta National Forest and Lake Utah is a nice little one-branch bank, pictured above. It…

One very easy way to reduce fraud loss

by Kevin Christensen — Vice President, Audit, SHAZAM

Fraud prevention is a complex endeavor. There is a litany of methods a financial institution can implement to lower or even stop debit card fraud. However, for…

NRF, other groups sue Fed over Durbin Amendment

November 27, 2011

According to Bloomberg.com, the Federal Reserve is being sued by retailer groups over interchange fee regulations set forth by the Durbin Amendment, which went…

CardinalCommerce, STAR Network partner for PIN debit service initiative

November 9, 2011

CardinalCommerce and the STAR Network today announced that STAR, an electronic funds transfer network, has signed a non-binding letter of intent to participate…

Bank of America cancels monthly debit fee program

November 1, 2011

According to Forbes.com, Bank of America is joining the ranks and eliminating its proposed $5 monthly debit card fee.

Wells Fargo abandons monthly debit fee pilot program

October 30, 2011

According to Bloomberg.com, Wells Fargo & Co. has abandoned plans to charge a $3 monthly debit card fee after the program was met with customer opposition.

ATM card circulation in Canada predicted to reach nearly 125 million by 2016

While card circulation is increasing, withdrawals are decreasing.

U.S. Bank eliminates debit rewards program

October 25, 2011

According to KIRO 7 TV in Seattle, U.S. Bank is eliminating its "Flex Perks" debit card rewards program effective Nov. 1.

ATM card users also suing Visa, MasterCard over fees

October 18, 2011

Following a recent lawsuit filed by ATM operators against Visa and MasterCard for allegedly imposing contract terms that force them to charge consumers set…

Bank of America will begin charging monthly debit card fee

September 28, 2011

Bank of America Corp. will begin charging customers a $5 monthly fee, beginning early next year, for using debit cards to make purchases, according to…

Credit Donkey unveils Durbin Amendment infographic

September 25, 2011

CreditDonkey, a credit card offer comparison website, today unveiled its Durbin Amendment infographic, designed to help educate consumers about the potential…

RBI asks all Indian banks to strengthen debit, credit security measures

September 22, 2011

The Economic Times reports that in order to minimize fraud cases and ensure the security of transactions, the Reserve Bank of India yesterday asked banks to…

Will banks begin charging debit fees to recover revenue lost from Durbin Amendment?

by Kim Williams — Reporter, NetWorld Alliance

Analysts say consumers may shift to credit and cash.  

Durbin Amendment sponsor defends legislation

September 12, 2011

According to the Nashville Business Journal, U.S. Sen. Dick Durbin yesterday defended his legislation limiting interchange fees during a press conference in…

Mastercard clarifies EMV policy rumors

September 7, 2011

According to the Credit Union Times, Aite Group Analyst Julie Conroy McNelley announced yesterday that she heard from multiple sources that, effective April…

Several banks waiving ATM fees for customers hit hard by Hurricane Irene

August 30, 2011

The Associated Press reports that several banks are waiving out-of-network ATM fees for customers hit hard by Hurricane Irene.

U.S. Bank offers real-time alerts for its ATM and check card customers

August 22, 2011

U.S. Bank announced it is making available real-time ATM card and check card alerts to its consumer and business cardholders' mobile devices and computers…

Does your bank provide SMS alerts for debit card transactions?

by Lachlan Gunn — Director, BenAlpin Ltd

From July 2011 the Indian Central Bank (RBI) has made it mandatory for banks to provide SMS alerts for debit card transsactions

UnionPay overtakes Visa to become world’s largest card scheme

by Dominic Hirsch — manager, Retail Banking Research

The results of RBR’s latest global payment cards research provide remarkable reading. Several findings stand out, including surpassing a phenomenal eight…