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Transaction Processing News & Media

Security system matches card purchase to cell phone location

March 12, 2008

ePaynews: Secure Identity Systems (SIS) is planning to offer U.S card issuers cell phone location technology as an extra tool to combat ATM and POS fraud.

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Mitigating Risk: How to Reduce Authorization Fraud

March 9, 2008

Cyber criminals are testing stolen card numbers for validity by impersonating legitimate merchants in order to gain a greater return on investment for payment…

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TNS Smart Network renews PCI compliance for ATM network

March 5, 2008

TORONTO — TNS Smart Network Inc., Canada's largest privately owned transaction processor, has renewed its annual compliance with the Payment Card Industry Data…

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Vegas poker spree leads to arrests in ATM scam

March 5, 2008

The (Glasgow, Scotland) Daily Record: Two poker aces who stole £150,000 (U.S. $301,000) from ATMs to fund a Las Vegas gambling spree have been busted and are…

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Fiserv to integrate CheckFree, Interactive Technologies

March 5, 2008

BROOKFIELD, Wis. — Fiserv Inc. says it plans to integrate Interactive Technologies, a Fiserv subsidiary, with CheckFree Investment Services, giving Interactive…

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TNS CEO overcomes odds

Despit a terminal illness, the CEO devotes more energy to his job. 

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Co-Op licenses Saylent portfolio solution

March 4, 2008

RANCHO CUCAMONGA, Calif. — Co-Op Financial Services has licensed Saylent Technologies' portfolio optimization software to help Co-Op member credit unions…

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VERO signs with West Texas Credit Union for self-service check-cashing solution

March 2, 2008

PORTLAND, Ore. — VERO, a financial-technology provider, has signed a deal with West Texas Credit Union to pilot VERO's end-to-end automated check-cashing…

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El Paso Electric, TIO launch billpay service

March 2, 2008

BURNABY, N.C. — TIO Networks Corp. and El Paso Electric have announced the launch of a self-serve automated bill-payment program for El Paso Electric's 351,00…

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Pemco Technologies, Credit Union 24 Network sign ATM deal

March 2, 2008

SEATTLE — Pemco Technologies has signed with Credit Union 24's surcharge-free ATM network, the CU HERE Premium program.   Credit Union 24 recently added the…

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GRG Banking signs with Paragon for ATM software

February 26, 2008

HOLLY SPRINGS, N.C. — Paragon Application Systems, provider of electronic-payment simulation, configuration and testing software, has signed with China-based…

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Australia's Bendigo Bank launches card program with GFG's support

February 25, 2008

In 2003, the bank made a rapid leap into the credit-card business, with GFG's help on the back-end.

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Postilion appoints payments veteran to lead international marketing

February 21, 2008

LONDON — Postilion, a division of S1 Corp. and a provider of integrated solutions for self-service banking and payment processing, has announced that Mark…

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Indian banks set conditions for free inter-bank ATM usage

February 19, 2008

The Economic Times: Banks have made counter demands from the Reserve Bank of India (RBI) in respect to its proposal to offer free ATM access. These include…

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Cut fiber optic cable results in loss of ATM service in Calif. city

February 19, 2008

The (Victorville, Calif.) Daily Press: A contractor accidentally cut a fiber optic cable Tuesday, cutting off ATM and credit card transactions, as well as…

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India rules banks can't be compelled to disclose ATM operational details

February 19, 2008

SiliconIndia: Commercial banks cannot be compelled under the Right to Information (RTI) Act to divulge the operational details of their ATMs, the Central…

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Reserve Bank of India says inter-bank ATM usage should be free

February 18, 2008

Rediff India Abroad: The Reserve Bank of India has issued a ruling that Indian banks cannot charge fees for non-customers who use their ATMs. The ruling, which…

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Alaric International provides debit card facilities to Barbados credit union

February 18, 2008

LONDON, England — Alaric International, a supplier of advanced technology solutions for the card payments industry, announced that the Barbados Public Workers…

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The future of the industry

by Tracy Kitten — Editor, AMC

Is the future in increased or streamlined ATM functionality?

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