Senate passes interchange restriction bill

by James Bickers

In a surprise move, the U.S. Senate last night passed the Electronic Check Parity Act of 2010, which would give the Federal Reserve Board oversight authority…

U.S. Bank redrafts overdraft policies

May 12, 2010

U.S. Bank has redrafted its overdraft policies, now offering a reduced fee of $10 for transactions of $20 or less drawn on negative balance accounts. The…

Cash N Go deploys INETCO transaction management software

May 12, 2010

Canadian companies team on real-time transaction monitoring, EFT application performance management.

MasterCard upgrades global processing network

May 2, 2010

MasterCard Worldwide announced the introduction of multiple enhancements to its worldwide network that will offer its financial institution customers and…

Fiserv Inc. reports first quarter 2010 results

April 29, 2010

Fiserv Inc. today reported financial results for the first quarter of 2010.

Canada's Lambton Financial Credit Union signs with Fiserv for Acumen core banking solution

April 26, 2010

Fiserv Solutions of Canada Inc., a subsidiary of Fiserv Inc., announced today that Lambton Financial Credit Union Ltd. of Sarnia, Ontario, has chosen the…

Mobile payments with iPhone could cut into banks' wallets

April 25, 2010

American Banker's Mobile Banker reports that Apple's move into the mobile-payments space could soon pose a serious challenge for banks hoping to compete in the…

CO-OP Financial Services partners with TEKchand for ATM management enhancements

April 22, 2010

CO-OP Financial Services has announced a partnership with TEKchand LLC to enhance its suite of managed ATM services. According to a news release from CO-OP…

Georgia Power, TIO launch self-service automated billpay in Atlanta Best Buy stores

April 22, 2010

Georgia Power has partnered with TIO Networks Corp. and Best Buy to launch a self-service automated bill-payment program in select Best Buy locations in…

Community State Bank offers tap-and-pay at point of sale via Bling Nation

April 21, 2010

Lamar, Colo.-based Community State Bank has announced that customers can now use their mobile phones to tap and pay for purchases at the point of sale via…

Chexar cleared of patent infringement claimed by Valid Systems

April 20, 2010

Valid Systems has dismissed its claims for patent infringement against Chexar Networks, Inc., according to a news release.   Valid's case was dismissed with…

Barclays ATM network linked to National Financial Switch

April 19, 2010

India's The Economic Times reports that financial-services provider Barclays Global Retail Bank has linked its ATM network to the National Payments Corp. of…

Travelex buys INETCO Insight transaction-management software

April 19, 2010

Travelex has purchased INETCO Insight to reduce payment settlement uncertainty and operational risk for its expanding payment processing environment, according…

The Bancorp Bank provides sponsor bank services to Heartland

April 18, 2010

The Bancorp Bank, a subsidiary of The Bancorp Inc., has announced that it will now provide sponsor bank services to Heartland Payment Systems Inc.   According…

Wawa hits 1 billion ATM transactions with PNC brand

April 18, 2010

The Delaware Business Ledger reports that Wawa Inc. this month surpassed 1 billion ATM transactions via Wawa's surcharge-free PNC ATMs. Wawa ATMs are located…

Switch Commerce intros mobile app for ATM management

April 18, 2010

Irving, Texas-based Switch Commerce today announced that its Mobile Terminal Management System, more simply known as MobileTMS, is now available on the Apple…

Wincor Nixdorf commits to EPAS

April 13, 2010

Wincor Nixdorf is an active member of various standardization committees, in part to meet the goal of ensuring that cashless payment solutions can be…

US Alliance Group launches Virtual Terminal, upgrades Remote Deposit

April 12, 2010

US Alliance Group Inc. announced that it has launched the latest version of its Remote Deposit software, a payment processing solution that allows checks to be…

Study: MasterCard changes could cost ATM ISOs $26 million

ATMIA and Tremont Capital Group say ATM ISOs are likely to take a big hit on annual interchange income from Cirrus ATM transactions.

INETCO releases INETCO Insight 4.6 for high-volume payment processing

April 8, 2010

INETCO Systems Ltd., an expert in transaction analytics for the financial industry, has announced the release of INETCO Insight 4.6.   According to a news…