First National Bank will refurbish ATM fleet with Diebold's Opteva line

July 6, 2011

First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation, will refresh its fleet of ATMs using Diebold's Opteva line and integrated…

Postbank, Deutsche Bahn and Wincor Nixdorf pilot new cash service at travel center

July 5, 2011

Deutsche Bahn customers at the Aschaffenburg, Germany travel center can now use their Girocards to withdraw cash, as well as purchase tickets. This cash…

No clear winners in wake of Durbin Amendment final rule

by Kim Williams — Reporter, NetWorld Alliance

Both sides claim the consumer will bear the burden.

Lakshmi Vilas Bank offers Visa Debit Gold Card to premier customers

July 4, 2011

Lakshmi Vilas Bank in India announced Friday its Visa Debit Gold Card offering for its premier customers. The card has a transaction limit of Rs 50,000 at the…

Bulgarian crime boss pleads guilty to ATM theft scheme

July 4, 2011

According to the Las Vegas Review-Journal, Dimitar Dimitrov, the leader of a Bulgarian organized crime ring in Las Vegas, has pleaded guilty to stealing…

Federal Reserve issues final rule on Durbin Amendment

June 29, 2011

Yesterday, around 3:30 p.m., the Federal Reserve issued its final rule on the Durbin amendment. The rule fixes the price of debit interchange at 21 cents per…

Report reveals findings of customers' attitudes toward prepaid debit cards

June 29, 2011

A new report from Aite Group, an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial…

Customers Bank will refund ATM surcharges

June 28, 2011

Customers Bank, headquartered in Phoenixville, Penn., with branch locations throughout Pennsylvania, New York and New Jersey, is offering its customers a…

Clear2Pay adds Lexcel to portfolio

June 28, 2011

Clear2Pay, an international technology provider of next-generation payment solutions for financial institutions, today announced it has acquired Lexcel…

Canadian police arrest seven charged with skimming $245,000 throughout Toronto

June 23, 2011

According to Toronto, Canada's CTV, seven people face charges in an alleged ATM skimming operation.

Nigerian bank announces EMV platform integration

June 22, 2011

According to Vanguard, Oceanic Bank in Nigeria has announced that its ATMs now accept the EMV chip-and-PIN platform.

U.S. Bank will rollout EMV chip cards to 20,000 cardholders this month

June 21, 2011

U.S. Bank is rolling out EMV chip cards to 20,000 FlexPerks Travel Rewards Visa cardholders this month, and to other Travel Rewards cardholders later in the…

Visa reportedly offered interchange cuts for small merchants before Tester-Corker vote

June 21, 2011

Digital Transactions has obtained a copy of a letter reportedly from Visa Inc. chairman and chief executive Joseph W. Saunders to U.S. Sen. Joe Manchin, D-W.

Fraud migrates away from Europe, as ATM EMV rollout nears completion

by Lachlan Gunn — Director, BenAlpin Ltd

EAST has just released a chart showing the impact on ATM related skimming losses of the rollout of EMV (Chip and PIN) at European ATMs.

Oregon Credit Union reissuing thousands of debit cards due to ATM bank fraud case

June 19, 2011

KMTR in Eugene, Ore. has reported that Oregon Community Credit Union closed thousands of its customers' debit cards as a preventative measure to reduce the…

Chase Card Services expands EMV chip technology offering

June 19, 2011

Chase Card Services has announced that EMV chip technology is now available on a second credit card in the company’s portfolio, the J.P. Morgan Select Visa…

Controlling Interchange Fees with Smart Safes

Interchange fees can wipe out the profits on a small transaction. There is a way, however, to minimize those expenses.

Presented by Triton

Winners and losers from China UnionPay and Visa spat

by Dominic Hirsch — manager, Retail Banking Research

On February 11th the USA announced a formal appeal to the WTO to resolve a dispute with China about access to the local cards market. The USA argues that when…

Optimizing transaction environments in the aftermath of the Durbin Amendment

by Marc Borbas — VP, Marketing, INETCO

Expanding transaction routing from two networks to multiple networks adds a whole new level of infrastructure and monitoring complexity for bank issuers…

Study: the economy pushed cash to the top of consumers' wallets

Cash helps some consumers cut costs and improve budgeting, the report said.