B of A signs discount deal with MasterCard

May 16, 2006

PURCHASE, N.Y. - MasterCard International announced this week a deal with Bank of America to provide pricing discounts on fees as well as other incentives in…

TRM says it's resolved ATM fee-transparency concerns in U.K.

May 15, 2006

The Daily Telegraph: After the Link Interchange Network Ltd. warned TRM Corp. that it had 10 days to ensure all 4,000 of its U.K. ATMs provided users with…

CSC24Seven taps firm to roll out prepaid program

May 15, 2006

TSA to buy German e-payment systems provider

May 14, 2006

OMAHA, Neb. - Transaction Systems Architects Inc., provider of ACI Worldwide-branded enterprise electronic-payments solutions, is expected to acquire…

Deadline for new Canadian check specs extended

May 14, 2006

OTTAWA, Ontario - The deadline for Canadian financial institutions and their customers to adopt the new Canadian Payments Association check specifications has…

Metavante renews contracts for MBI Benefits cards

May 14, 2006

MILWAUKEE - Metavante Corp. announced that it has established several third-party administrator clients that have made long-term commitments to continue…

NACHA reports 14 billion ACH payments in 2005

May 10, 2006

SAN DIEGO - Nearly 14 billion automated clearing house payments were made in 2005, a 16.2 percent increase from 2004, according to statistics compiled by…

Wisconsin bank signs with Star Network

May 9, 2006

DENVER - First Data Corp. signed an agreement to provide Star Network access to Brookfield, Wis.-based North Shore Bank at more than 40 locations throughout…

NACHA approves rules for back-office check conversion

May 9, 2006

SAN DIEGO - NACHA-The Electronic Payments Association approved an amendment to its operating rules that allows retailers and billers to convert eligible checks…

Growth in Asia-Pacific's credit-card issuance, spending expected to continue

Datamonitor: Last month, HSBC announced it experienced double-digit growth in credit-card uptake and spending across Asia-Pacific in 2005. The bank issued 8.…

Common application spec may accelerate EMV migration

May 8, 2006

ePaynews: Global EMV-migration rates may accelerate with EMVCo's release of its common payment-application specification, which streamlines tests for card…

Congress asked to step into interchange wars

May 8, 2006

WASHINGTON - Congress was asked last week to consider joining the ongoing interchange-fee battle between U.S. merchants and Visa and MasterCard.

Australian central bank to set card-fees cap

May 8, 2006

Datamonitor: The Australian banking regulator is expected to impose a cap on interchange fees that it is estimated to cost the local payment-card industry $17…

Remitco to use Wausau enterprise-remittance platform

May 7, 2006

MOSINEE, Wis. - First Data Corp.'s Remitco unit, the nation's largest processors of retail-lockbox payments, has signed a deal with Wausau Financial Systems to…

CDS now supports Triton ATM online journal

May 7, 2006

DALLAS - Columbus Data Services announced in a news release that it now supports Triton's online ATM journal. According to a news release, the journal captures…

Credit Union 24 eliminates membership minimums

May 7, 2006

TALLAHASSEE, Fla. - Credit Union 24 announced in a news release it has eliminated membership-fee minimums for its member-shareholders. The decision by the EFT…

Fifth Third to process transactions for Michigan firm

May 2, 2006

CINCINNATI - Fifth Third Bank Processing Solutions signed a contract to provide a credit and debit/ATM card acceptance program to Michigan-based Allied…

Fifth Third Bank to process AFFN transactions

May 2, 2006

CINCINNATI - The Armed Forces Financial Network (AFFN), an EFT network that provides U.S. military personnel with access to their funds through ATM and…

Fifth Third to drive Sovereign Bank ATMs

May 2, 2006

CINCINNATI - Sovereign Bank (NYSE: SOV) has chosen Fifth Third's (Nasdaq: FITB) electronic payment processing division, Fifth Third Bank Processing Solutions…

Fifth Third selling merchant processing contracts to TransFirst

May 2, 2006

DALLAS - Transaction processor TransFirst has signed a definitive agreement to acquire the third party and agent bank merchant division of Cincinnati-based…