First Data could be heading for a split

December 11, 2005

Rocky Mountain News: The surprise retirement of First Data CEO Charlie Fote, 56, is leading Wall Street to believe the company may try to boost shareholder…

U.S. Bank acquisitions boosting fee revenue

December 11, 2005

Minneapolis/St.Paul Business Journal: U.S. Bancorp's recent $720 million purchase of Wachovia Corp.'s corporate trust and institutional custody businesses caps…

ATMs in U.K. expected to charge more in '06

December 11, 2005

Financial Times: ATM operators are expected to charge users in the United Kingdom a record £18 million (U.S. $31.9 million) this holiday season, up from £1…

Asia Pay, InterPay International establish operations in Asia

December 11, 2005

HONG KONG - Asia Payment Systems Inc. and InterPay International Group, a Singapore company, have signed an alliance to establish credit card operations in…

Tourists' card-use jumps in Asia-Pacific

December 8, 2005

eyefortravel.com: Visa Asia Pacific found that tourists to the Asia-Pacific region spent U.S. $5.7 billion on their Visa cards in the third quarter of this…

SURVEY: Americans use credit, debit for low-price buys

December 8, 2005

The Green Sheet: Survey findings released Dec. 8 at the at the Micro and Small Payments Conference in New York reveal that consumers' desire to use credit and…

ATM withdrawals in U.K. expected to jump in December

December 8, 2005

NORTH YORKSHIRE, England - The volume and value of transactions at United Kingdom ATMs are expected to break all previous records this Christmas, according to…

Merchants take the processing reins

December 7, 2005

PHOENIX - Checkgateway, a provider of electronic-payment services, announced in a news release that its Automated Clearing House and credit-card processing is…

Asia Pay reveals processing growth in 3Q

December 6, 2005

NEW YORK - Asia Payment Systems Inc. announced last month that its processing volume during the third quarter of the year increased 24 percent from the same…

Financial Software & Systems signs outsourcing deal with top Indian banks

December 6, 2005

MUMBAI, India - Financial Software & Systems Ltd. has been awarded an ATM outsourcing contract by the Bank of Maharashtra and Vijaya Bank, two leading…

PNC fees could backfire, analysts say

December 4, 2005

Philadelphia Business Journal: PNC Bank's increased fees could cost the bank customers, some analysts and competitors say. The new fees, which kicked in Dec.

eFunds reports strong 3Q, net income up 32 percent

December 4, 2005

SCOTTSDALE, Ariz. - eFunds Corp. reported a 32 percent increase in net income from the third quarter of 2004 to the third quarter of 2005. According to a news…

Wincor takes award for cash-recycling system

December 4, 2005

PADERBORN, Germany - Wincor Nixdorf's new cassette-based cash-recycling system, the ProCash 4000, received the "Best Product at CIFTEE 2005" at the China…

STUDY: ATM fees hit record-high

December 1, 2005

CNNMoney.com: ATM fees are at a record high, with the average foreign-fee hitting $2.91, according to a study from Bankrate.com, an online provider of consumer…

MP steps up war on ATM charges

December 1, 2005

Evening Times: Glasgow MP John Robertson has pledged to continue his fight against banks that charge customers at ATMs. Robertson said he hoped to persuade a…

TNS, Avantel create Latin American transaction alliance

November 30, 2005

RESTON, Va. - Avantel, Mexico's leading IP-based telecommunications services provider has signed an alliance with Transaction Network Services Inc. to provide…

eFunds, U.S. Postal Service ink processing agreement

November 30, 2005

SCOTTSDALE, Ariz. - eFunds Corp. will provide payment-processing switching services, debit-gateway processing and back-office solutions for the U.S. Postal…

Sentias Software, Credit Card Transactions jointly deliver to e-commerce customers

November 30, 2005

NORTH VANCOUVER, British Columbia - Sentias Software Corp. and California-based Credit Card Transactions Inc. have agreed to collaborate on the delivery of…

BofA's new debit program prompts scrutiny

by Tracy Kitten — Editor, AMC

November 29, 2005

BofA says its new Keep the Change program is designed to help consumers save extra change. But a D.C.-based consumer watchdog group argues the bank's motives…

Wisconsin bank signs with Star Network

November 29, 2005

DENVER - First Data Corp. has signed an agreement to provide Star Network access for Racine, Wis.-based Johnson Financial Group's Johnson Bank, which has a…