Heartland says security breach cost the company $12.6 million

by Tracy Kitten — Editor, AMC

August 10, 2009

The Heartland Payment Systems Inc. card breach that hit countless U.S. cardholders in February wound up costing the nation's sixth-largest payment processor…

EMV compliance of Africa's ATMs will depend on enforcement from the central bank

by Tracy Kitten — Editor, AMC

August 10, 2009

The Central Bank of Nigeria needs to enforce stricter compliance of EMV specifications, one ATM expert in Africa told Africa's This Day.

NexTier Bank Enhances Service Excellence and Successfully Handles Breach with Dynamic Card Solutions’ Instant Issuance Technology

In recent years, instant issuance has drawn interest in the industry as a method to increase the customer experience by providing access to debit, ATM, credit…

PCI questioned after another data breach and debit, credit cardholder compromise

by Tracy Kitten — Editor, AMC

August 9, 2009

CU Info Security reports that a recent data breach at Internet domain administrator and host Network Solutions compromised more than 573,000 credit and debit…

First Internet Bank offers contactless debit card

August 6, 2009

INDIANAPOLIS — First Internet Bank has announced it is issuing debit cards that include the Visa payWave feature. These contactless debit cards promise First…

U.S. Bank is first domestic bank to offer instant issuance of Visa payWave cards

by Tracy Kitten — Editor, AMC

August 3, 2009

U.S. Bank says it is now the first card issuer in the United States to add Visa payWave technology to an unembossed debit card. The cards are instantly issued…

MasterCard, Visa report strong earnings for Q2

July 29, 2009

MasterCard Worldwide and Visa Inc. both reported strong or better-than-expected earnings for the quarter. According to Reuters, MasterCard's raised fees and…

Visa announces reorganization, president steps down

by Tracy Kitten — Editor, AMC

July 27, 2009

Visa Inc. announced yesterday that it is reorganizing its executive management team, which includes the departure of Visa president John C. (Hans) Morris.   In…

Postilion enables mobile prepaid offers for retail tech company in Europe

by Tracy Kitten — Editor, AMC

July 23, 2009

Postilion, a division of S1 Corp., has announced a deal with Zapa Technology to provide its core payments platform for Zapa's new mobile prepaid top-up…

Targeting the unbanked, cash-preferred is focus of new Visa direct-deposit card

by Tracy Kitten — Editor, AMC

July 23, 2009

It's a growing trend: Targeting the unbanked. And one Houston-based company is using the domestic credit crunch as a way to get its foot in the market. …

Unbanked government-assistance recipients give thumbs up to Treasury debit program

by Tracy Kitten — Editor, AMC

July 21, 2009

The U.S. Department of the Treasury has released new survey findings of Social Security recipients, following the launch of the Direct Express Debit MasterCard…

Co-Op targets low-income markets with new ATM and branch program

by Tracy Kitten — Editor, AMC

July 19, 2009

Rancho Cucamonga, Calif.-based Co-Op Financial Services is partnering with Express Credit Union, based in Seattle, to launch a program aimed at reaching low…

South Africa's Absa bank goes live with BASE24-eps from ACI Worldwide

July 16, 2009

NEW YORK — South Africa-based Absa Group Ltd., a member of the Barclays Group, has gone live on ACI Worldwide Inc.'s BASE24-eps, a software for online payments…

Three credit unions join Credit Union 24 ATM, POS network

July 15, 2009

TALLAHASSEE, Fla. — Credit Union 24 has signed Cloverbelt Credit Union of Wisconsin, one of the nation's oldest credit unions, for inclusion in its ATM and POS…

Gemalto gets Visa, MasterCard certification for global banking card in Saudi Arabia

July 14, 2009

AMSTERDAM, Netherlands — Gemalto has announced that its Optelio banking card has been certified to the Saudi Arabian Monetary Agency requirements.   According…

N.H. man charged $23 quadrillion and a fee by B of A

July 14, 2009

The Boston Globe:  Josh Muszynski of New Hampshire says he swiped his Bank of America debit card at a gas station to buy a pack of cigarettes and his bank…

Ingenico launches the contactless mobile payment terminal

July 13, 2009

FIFE, England — Ingenico has launched the EFT930 Mobile Colour Contactless payment terminal, combining contactless technology with a color screen — paving the…

European banks consider new debit scheme to compete with MasterCard, Visa

July 12, 2009

American Banker: European banks could start a company in October that would develop a debit card system to compete against MasterCard Inc. and Visa Inc. The…

7-Eleven asks consumers to help it fight interchange fees

July 12, 2009

East Valley (Phoenix) Tribune:  7-Eleven is asking customers to help it fight what 7-Eleven calls unfair credit-card transaction fees. The convenience-store…

MasterCard settles retailer antitrust suit for $335 million

July 12, 2009

TheStreet.com: MasterCard Worldwide Inc. plans to pay $335 million to settle a class action suit alleging it violated federal antitrust regulations. MasterCard…