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Transaction Processing News & Media

UnionPay widens its lead over US card giants

August 22, 2013

The number of payment cards worldwide increased by 12 percent in 2012 — to 10 billion, according to a new report, "Global Payment Cards Data and Forecasts…

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CDS goes live with EMV transaction processing

August 22, 2013

ATM processor Columbus Data Services has successfully completed MasterCard end-to-end certification and is now processing live EMV transactions through the…

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BoI mandates migration to EMV

August 21, 2013

Israel's supervisor of banks David Zaken has issued an order for banks and credit card customers to migrate to EMV-enabled chip cards within three-and-a-half…

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PCI Council previews update to standards

August 21, 2013

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

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Flite plan: Launching a new ATM business model (part I)

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The founder of an ATM industry startup talks about what it takes to get the business off the ground.

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Star ATM network broadens fee-free footprint

August 20, 2013

First Data has announced that cardholders in the Starsf network now have surcharge-free ATM access to their money at more than 2,000 MoneyCenter Express…

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BPC SmartVista excels in IBM Power Platform audit

August 19, 2013

Payment solutions provider BPC Banking Technologies has successfully completed a set of audited performance and availability tests for SmartVista, the company…

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Costco re-ups with Cardtronics for bulk of retail locations

August 19, 2013

Costco Wholesale has renewed and extended its contract with Cardtronics as a key provider of ATM services in the United States, the company announced in a news…

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Cachet Financial Services finesses risk mitigation platform

August 16, 2013

Cachet Financial Solutions, a provider of RDC technologies, has announced an upgrade to its risk mitigation platform, CheckReview, which is integrated with the…

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Survey IDs ACH and wire fraud as growing threats

by Terry Dooley — SVP & CIO, ITS, Inc

The Information Security Media Grouprecently announced the results of its 2013 "Faces of Fraud" study. The study focused on the most common fraud schemes…

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DPAs will challenge traditional business models

by Terry Dooley — SVP & CIO, ITS, Inc

According to a recent Gartner report, device-based applications —  also known as digital payment advisors — that recommend the most appropriate payment product…

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Kearny FSB opts for Fiserv account processing solution

August 14, 2013

Fiserv Inc., a provider of financial services technologies, has announced that Kearny Federal Savings Bank of Fairfield, N.J., will use the company's Premier…

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Paragon provides e-payment testing hub for Ukrainian processor

August 14, 2013

Ukrainian Processing Center, a provider of ePayment processing and outsourcing in the Ukraine, has chosen the Web FASTest platform from Paragon Application…

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TSYS helping Kenya with EMV migration

August 13, 2013

TSYS, a provider of issuer services and merchant payment acceptance, is assisting Paynet, a financial services provider to issuers and acquirers in Kenya, in…

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As authorities move on Bitcoin, crooks move on to other digital currencies

August 13, 2013

Who could've seen this coming? In May, authorities charged the principals of Cost Rica-based digital currency exchange Liberty Reserve with laundering $…

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Travelex, MasterCard team up on multicurrency prepaid card

August 13, 2013

Foreign exchange provider Travelex has joined with MasterCard and Access Prepaid to introduce the new Multi-Currency Cash Passport Prepaid MasterCard. The…

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ATM operator Cardtronics is red-hot and on a roll

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The company lights up Q2 earnings and looks to heat up the independent ATM market in Europe. 

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Consumers increase card spending in July

August 12, 2013

Payment processing provider First Data Corp. has issued its First Data SpendTrend analysis for July 2–30 compared with July 3–31 of last year. Year over year…

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GRG certified by Fiserv for ATM transaction processing in Canada

August 12, 2013

Fiserv Inc., a provider of financial services technology solutions, has certified GRG International ATMs for the Canadian market. This means that Canadian FIs…

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Contactless at the ATM: The need for standards and interoperability

by David Tente — Executive Director, USA, ATM Industry Association

"What about mobile and contactless at the ATM?" It doesn't take long before most conversations about the future of the ATM channel generate this question.

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