MasterCard picks up Myanmar's KZB Bank

May 30, 2013

ATMs of Kanbawza Bank Ltd., one of the largest FIs in Myanmar, will now be able to accept MasterCard payment cards, the company has announced. KZB's expanded…

JCB chooses Pulse for global ATM transactions

May 30, 2013

Starting in August, ATM acquirers in the United States will be able to route JCB transactions over the Pulse Network, following JCB's selection of Pulse as its…

Will EMV technology make prepaids too expensive to issue?

May 28, 2013

Chip-and-pin technology in prepaid cards would have made the recent $45 million bank swindle virtually impossible to pull off, given that there would be no way…

Do contactless payments scare your customers?

by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM

Contactless payments using mobile phones are the future of the payments processing industry — they're quick, easy, and bring countless benefits to merchants.

Adoption by government, enterprise drive prepaid growth

May 23, 2013

Between government and enterprise, a total of 3.6 billion open- and closed-loop prepaid cards will ship between 2013 and 2018, according to a new study by ABI…

A $45 million ATM frame-up?

May 22, 2013

In the recently reported $45 million bank theft, much attention has been focused on the fact that cash was obtained through ATM withdrawals. But the crime was…

Cruising to EMV eventuality?

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

In the summer of 2009 Margo and I enjoyed a Baltic cruise. For me, the most interesting port of call was St. Petersburg, Russia. Long considered the "other…

How do you stop a $45M ATM heist?

Kevin Christensen of Shazam offers a four-point strategy to stymie cyberthieves and their "feet on the street."

Philippines interbank network growing 15-20% per year

May 16, 2013

BancNet Inc., a Philippines-based interbank network, expects a 15–20 percent increase in transaction volume this year, in line with the electronic banking…

Latest ATM fraud: another 45 million reasons for change

In the wake of a $45 million bank heist via ATM, ValidSoft CEO Pat Carroll proposes a new kind of countermeasure.

Selco CCU buys into Visa DPS CUSO

May 15, 2013

Member Access Pacific, the nation's only card processing aggregator of the Visa debit processing service platform for credit unions, has announced that Eugene…

Don't bogart that ATM.

May 14, 2013

You can bet that the ATM down the street from a cannabis shop is one busy machine. Because despite the legalization of marijuana in 18 states, it's still a…

BNZ to invest in 'multi-hundred million' core upgrade

May 14, 2013

In a project expected to cost hundreds of millions of dollars and require three to five years to complete, BNZ is upgrading its current 30–40-year-old core…

What a common EMV solution means for the US

by Terry Dooley — SVP & CIO, ITS, Inc

There are three important factors to the common AID and application solution supported by the Secure Remote Payments Council and 10 of the largest debit…

Wincor rates as top middleware software provider in Europe, LA

May 13, 2013

British market research and consulting specialists RBR have identified Wincor Nixdorf as the market leader in Europe and Latin America for multi-vendor…

NCR APTRA program earns Elan certification

May 13, 2013

NCR Corp. recently announced that Elan Financial Services has certified NCR APTRA software on its network for multi-vendor environments, broadening its…

No change for Mauch Chunk; FI re-ups with First Data

May 10, 2013

Payment processing provider First Data Corp. has signed an agreement renewing its relationship with Mauch Chunk Trust Co., a community bank that serves Jim…

Are logins really necessary?

by Kevin Christensen — Vice President, Audit, SHAZAM

Banking on the assumption that cardholders often value convenience over security, at least one major issuer has stepped out with a mobile app that gives users…

Evertec hosts first earnings call as a public company

May 9, 2013

Following a successful IPO on April 17, 2013, Puerto Rico-based Evertec — now also known by the ticker symbol "NYSE:EVTC" — this week duly announced results…

SunGard enters ATM reconciliation arena

May 9, 2013

SunGard, a provider of software and processing solutions for the financial services sector, has announced the launch of its IntelliMatch Operational Control…