Transaction Processing News & Media
First Data announces plans to drop official-check, money-order biz
March 12, 2007
DENVER - First Data Corp. says it plans to gradually exit the official or cashier/teller-check and money-order business, following a strategic review. First…
read nowATM owners on way to charge fees overseas?
March 11, 2007
The Denver Business Journal: ATM users pay service fees when they use ATMs outside their banks' network - unless they bank in a foreign country. Now, some…
read nowFirst Data, China UnionPay promote international ATM card acceptance
March 11, 2007
BEIJING - First Data International and China UnionPay have launched a joint service that provides Chinese visitors access to their cash at First Data's…
read nowVisa CEO urges investment in payments security
March 7, 2007
WASHINGTON - Visa USA president and chief executive John Philip Coghlan told an audience of more than 400 business, government and academic representatives…
read nowDiebold aims to help FIs cut check-imaging costs
March 7, 2007
NORTH CANTON, Ohio - Dove Consulting estimates check volumes will decrease by 10 percent between 2000 and 2010, because of increased card usage, automated…
read nowNational City tosses free ATM bone to customers
March 7, 2007
The (Fort Wayne, Ind.) Journal Gazette: National City on March 5 launched three checking accounts to address the fees its customers pay for banking…
read nowCo-Op hires manager to oversee U.S. expansion
March 6, 2007
ONTARIO, Calif. - Co-Op Financial Services has named Mary Nyman, a credit union and financial veteran, its national relationship manager. According to a news…
read nowCanada's Royal Bank CEO defends ATM fees
March 5, 2007
Reuters: ATMs that provide convenience should charge fees, the Royal Bank of Canada's president and chief executive said March 2. Executives from Canada's…
read nowEuronet signs cross-border acquiring deal, moves toward SEPA compliance
March 4, 2007
LEAWOOD, Kan. - Euronet Worldwide Inc. announced the signing of its first Single Euro Payments Area (SEPA)-compliant cross-border transaction processing…
read nowMasterCard raises some rates, drops others
March 4, 2007
Digital Transactions: MasterCard Worldwide is raising some rates but dropping others in its new interchange-rate schedule, which takes effect in April.
read nowFirst Data closes acquisition of Intelligent Results
March 1, 2007
OMAHA, Neb. - First Data Corp. has completed its acquisition of Intelligent Results, a customer-data-analytics and decision-management software company. …
read nowCross-border debit fuels growth in Canada
February 28, 2007
SECAUCUS, N.J. - NYCE Payments Network LLC, a division of Metavante Corp., said it logged 3 million transactions during the 2006 holiday season, which ended…
read nowElan, Sapphire partner for mobile banking, payments
February 28, 2007
LAS VEGAS - Elan Financial Services and Sapphire Mobile Systems have partnered on a mobile-banking and payments pilot, the two announced Feb. 27-28 during the…
read nowEuronet shows strong EFT processing, prepaid growth in '06
February 25, 2007
LEAWOOD, Kan. - Euronet Worldwide Inc. reported a near doubling of net income for the year Feb. 20, when it released final financials for 2006. The company…
read nowT.J. Maxx parent reports wider security breach
February 25, 2007
Digital Transactions: TJX Cos. Inc., parent company of T.J. Maxx and Marshalls, is talking more about the database intrusion that put credit and debit…
read nowMassachusetts PIN breach resembles Canadian scam
February 25, 2007
Digital Transactions: Although many details remain unclear, a security breach at a big supermarket chain in the Northeast bears resemblance to a scam last…
read nowAmerican Airlines credit union expands deal with Co-Op
February 25, 2007
ONTARIO, Calif. - American Airlines Federal Credit Union (more than $4 billion in assets), which represents more than 204,000 members of the…
read nowFirst Data buys Datawire Communication Networks
February 25, 2007
DENVER - First Data Corp. has acquired the assets of Datawire Communication Networks Inc., which specializes in Internet-based transaction delivery. Financial…
read nowJCB chooses Visa for contactless payments in Asia
February 25, 2007
SINGAPORE - Visa and JCB have signed a deal to share Visa Asia Pacific's contactless specification, which is soon expected to open acceptance of JCB's…
read nowDebate over ATM fees in Canada continues
February 21, 2007
Globe and Mail: Canada's finance minister expects to meeting with Canada's big banks to once again press them on the ATM fee issue. He has challenged banks to…
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