Administration not taking sides in interchange issue

May 26, 2010

While credit unions hope to stop further regulation of interchange fees, they will have to do it without the support of the Obama administration.

Mr. Goldstone goes to Washington … and Tweets

by ATM marketplace

One retailer is on a campaign to educate the public, press and politicians about the big difference between interchange fees and ATM surcharge fees.

INETCO launches professional consulting services division

May 24, 2010

INETCO Systems Limited, provider of transaction monitoring for the payment processing industry, has announced the launch of its Professional Consulting…

Visa disappointed with Durbin Amendment

May 23, 2010

Visa Inc. said it was disappointed with an amendment limiting interchange fees passed Thursday as part of the U.S. Senate financial regulation bill.

Heartland Payment Systems, MasterCard agree to $41.4 million settlement

May 19, 2010

Heartland Payment Systems, the nation's fifth largest payment processor, has agreed to a $41.4 million settlement with MasterCard and its issuers to resolve…

Bank card issuer stocks drop on fee-reform fears

May 18, 2010

Shares of bank card issuers continued to plunge Tuesday, likely due to fears of bank reform legislation that aims to cut debit card fees.

ATM industry insider sends an open letter to Senator Harkin

The CMO of Morphis gives a plain-language explanation of why the Harkin Amendment is bad for consumers.

Senate passes interchange restriction bill

by James Bickers

In a surprise move, the U.S. Senate last night passed the Electronic Check Parity Act of 2010, which would give the Federal Reserve Board oversight authority…

U.S. Bank redrafts overdraft policies

May 12, 2010

U.S. Bank has redrafted its overdraft policies, now offering a reduced fee of $10 for transactions of $20 or less drawn on negative balance accounts. The…

Cash N Go deploys INETCO transaction management software

May 12, 2010

Canadian companies team on real-time transaction monitoring, EFT application performance management.

MasterCard upgrades global processing network

May 2, 2010

MasterCard Worldwide announced the introduction of multiple enhancements to its worldwide network that will offer its financial institution customers and…

Fiserv Inc. reports first quarter 2010 results

April 29, 2010

Fiserv Inc. today reported financial results for the first quarter of 2010.

Canada's Lambton Financial Credit Union signs with Fiserv for Acumen core banking solution

April 26, 2010

Fiserv Solutions of Canada Inc., a subsidiary of Fiserv Inc., announced today that Lambton Financial Credit Union Ltd. of Sarnia, Ontario, has chosen the…

Mobile payments with iPhone could cut into banks' wallets

April 25, 2010

American Banker's Mobile Banker reports that Apple's move into the mobile-payments space could soon pose a serious challenge for banks hoping to compete in the…

CO-OP Financial Services partners with TEKchand for ATM management enhancements

April 22, 2010

CO-OP Financial Services has announced a partnership with TEKchand LLC to enhance its suite of managed ATM services. According to a news release from CO-OP…

Georgia Power, TIO launch self-service automated billpay in Atlanta Best Buy stores

April 22, 2010

Georgia Power has partnered with TIO Networks Corp. and Best Buy to launch a self-service automated bill-payment program in select Best Buy locations in…

Community State Bank offers tap-and-pay at point of sale via Bling Nation

April 21, 2010

Lamar, Colo.-based Community State Bank has announced that customers can now use their mobile phones to tap and pay for purchases at the point of sale via…

Chexar cleared of patent infringement claimed by Valid Systems

April 20, 2010

Valid Systems has dismissed its claims for patent infringement against Chexar Networks, Inc., according to a news release.   Valid's case was dismissed with…

Barclays ATM network linked to National Financial Switch

April 19, 2010

India's The Economic Times reports that financial-services provider Barclays Global Retail Bank has linked its ATM network to the National Payments Corp. of…

Travelex buys INETCO Insight transaction-management software

April 19, 2010

Travelex has purchased INETCO Insight to reduce payment settlement uncertainty and operational risk for its expanding payment processing environment, according…