Paragon expands into Middle East market with certification of FASTest for SPAN

September 28, 2011

Paragon Application Systems, with its partner Vedas, yesterday announced the certification by the Saudi Arabian Monetary Agency of Paragon’s function…

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…

PenFed eliminating ATM surcharge fees

September 25, 2011

The Pentagon Federal Credit Union stopped charging ATM fees in all of its military installations worldwide on Sept. 1.

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…

Economic research firm says overdraft revenue on the rise

September 20, 2011

Since its peak at $37.1 billion in 2009, overdraft revenue has fallen for six straight quarters, ending at $30.1 billion for the first quarter of 2011.

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.  

Philippine central bank links with ATM network operator BancNet

September 18, 2011

Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. on Friday signed an agreement with ATM network operator BancNet linking the network with the BSP’s…

FBI: ATM skimming, third party payment processor breaches expected to grow

The assistant director of the Cyber Division delivered testimony to the House Financial Services Committee.

The five most commonly used transaction monitoring techniques

by Marc Borbas — VP, Marketing, INETCO

On a recent call with JP Garbani at Forrester Research, he asked me, “Which of the five common transaction monitoring techniques does INETCO Insight use?” My…

Singapore bank experiences glitch that disrupts ATM services for hours

September 13, 2011

According to AsiaOne, customers of OCBC Bank in Singapore were affected by a technical glitch that shut down ATMs and Internet-banking platforms for more than…

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.

Broadridge launches new functionality for ATM reconciliation, automated exception

August 24, 2011

Banking Business Review reports that Broadridge Financial Solutions has launched a new functionality within its PROactive solution suite for the reconciliation…

Shazam offers dual-message PIN transactions and EMV card support

August 22, 2011

The Shazam EFT network has announced the creation of a dual-message PIN product, and plans to expand its support of EMV. The product will use a dual-message…

Euronet closes on $355 million senior secured credit facility

August 22, 2011

Euronet Worldwide Inc., a global electronic payments provider and distributor, announced the closing of an amended and expanded five-year, $355 million senior…

The European case for proper interchange, surcharging structure

by Flora Hamilton — European Manager, ATMIA

Although it is the holiday season here in Europe, we are never far away from the real commercial pressures affecting some of the national ATM markets here in…

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

Visa puts its weight behind EMV in the U.S.

by Ian Kerr — CEO, Level Four

Last week, Visa announced that it is kicking off three new initiatives to accelerate the adoption of EMV and NFC technology in the U.S. Visa is the largest…

GRG Banking rolls out intelligent cash automation solution in Taiwan retail chain

August 10, 2011

GRG Banking rolled out its first intelligent cash automation solution order for its P2801L AutoDepot bulk deposit ATM at RT Mart Taiwan, a large retail chain.

Visa announces three initiatives to push EMV adoption in U.S.

August 8, 2011

Visa Inc. today announced its plans to push the migration to EMV contact and contactless chip technology in the United States. The credit card giant said in a…