GPRs less costly than DDAs as primary payment tool

November 13, 2013

The majority of consumers who use a prepaid debit card to manage their finances do so for less than $7.50 per month, which represents a cost savings over a…

Columbus Data Services acquires USA Payment Systems

November 13, 2013

Dallas-based Columbus Data Services, a third-party ATM processor, announced today that it has acquired Houston-based processor USA Payment Systems.

FIME ready to test D-PAS contactless chip cards

November 12, 2013

Secure-chip testing provider FIME has established testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment…

PIN wins in consumers' expected mobile wallet experience

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

A recent study by Phoenix Marketing International highlights a disconnect between consumers' awareness of mobile wallets and their use of this emerging payment…

EMVCo qualifies Collis CPA/CCD level 2 test suites

November 11, 2013

EMVCo has certified the latest versions of the Collis CPA/CCD Level 2 Test Suites for the testing of card products. The tools are part of the UL EMVCo test…

Revised PCI regs to go live on Jan. 1, 2014

November 11, 2013

The PCI Security Standards Council, an open, global forum for the development of payment card security standards, has published version 3.0 of the PCI Data…

Independent review firm names '10 best EMV compliance consultants' for November

November 8, 2013

Topcreditcardprocessors.com has ranked the 10 best EMV compliance consulting firms for the month of November. Each month, the payment processor review firm…

For authentication, consumers want simple and secure

by Kevin Christensen — Vice President, Audit, SHAZAM

Our lives are increasingly digital, which makes accessing our personal information and accounts a daily activity. Resultantly, authentication has taken on a…

Bitcoin ATM does $100K in transactions in 1st 8 days

November 8, 2013

Two weeks ago, the first Bitcoin ATM went live in Vancouver, Canada. So far, traffic at the machine is encouraging to the ATM's maker, Robocoin.

Phoenix Interactive 'crosses the pond' to open Scottish office

November 7, 2013

Self-service software provider Phoenix Interactive Design Inc. has expanded its European presence with a solution development and production support office in…

Call in the payments cavalry: When ATMs came charging in to Cyprus’ rescue

by Bernardo Batiz-Lazo — Professor of Business History, Bangor University

The events of the banking bailout in Cyprus immediately generated global media attention. They certainly didn’t go unnoticed by ATM and payment industry…

First Data certified to process Maestro EMV ATM transactions

November 1, 2013

First Data Corp. has completed MasterCard testing requirements to process Maestro EMV ATM transactions. The company's FI clients will now be better able to…

Mobile wallets address two pain points for ATM operators

by Kevin Christensen — Vice President, Audit, SHAZAM

It's no secret that ATM transactions have been waning for several years. As as result, today's operators are challenged to find more ways to: a) increase the…

Fed appeals swipe fee ruling

by Terry Dooley — SVP & CIO, ITS, Inc

In late August, the U.S. Federal Reserve appealed Judge Richard Leon’s decision to reject the agency's cap on debit card transaction fees, a requirement of the…

Almost all Kenyan ATMs now EMV compliant

October 24, 2013

According to the Kenya Bankers Association, 96 percent of Kenya's ATMs have migrated to the EMV standard.

The lifecycle of a fraud

Fraud such as counterfeit card use at ATMs will certainly drop with EMV, but as UK stats show, it can still rise again.

Topcreditcardprocessors.com releases Oct. ratings for ATM services providers

October 21, 2013

Topcreditcardprocessors.com has released its list of the top 10 ATM services firms for October. ATM Link Inc. claimed the No. 1 spot for the month.

Bitcoin prices rebound after Silk Road closure

October 21, 2013

The digital peer-to-peer currency Bitcoin has seen its price bounce back after a market crash in April. The price on Mt. Gox, the largest exchange, hit $197.4…

3 upcoming upgrades that could increase FIs' costs

by Rebecca Hellmann — Marketing and Sales Coordinator, Welch ATM

In today's self-service culture, ATMs and mobile banking have become key aspects of customer satisfaction and retention. However, the fast pace of…

Credit Union One taps Fiserv DNA

October 17, 2013

Credit Union One, a Ferndale, Mich.-based FI with $810 million in assets, has selected the DNA account processing platform from Fiserv."The open architecture…