Russia retracts demand for massive security deposits from Visa, MasterCard

July 25, 2014

The government has dropped its requirement that the companies put up an estimated $2.9 billion in security deposits, but some restrictions still apply.

Judge says retailer fee complaints vs. Visa, MasterCard can move forward

July 25, 2014

A US District Court judge has ruled that retailers who opted out of last year's settlement with Visa and MasterCard over surcharge fees may sue the card…

Brazilian banks to improve availability of off-us ATMs

July 25, 2014

The new agreement among Brazilian FIs will improve ATM access for travelers attending the 2016 Olympics in Rio de Janiero.

Shazam adopts MasterCard common debit solution for EMV transactions

July 22, 2014

The Shazam Network has announced that it will make the MasterCard EMV debit solution available to all of its participants. The agreement provides all members…

Aussie central bank mulls mandatory fee notices

July 21, 2014

The Reserve Bank of Australia wants ATM operators to provide a fee notice at the beginning of a transaction rather than the end so that customers may opt out…

Vantiv expands presence in Northeast through venture with People's United Bank

July 18, 2014

The new People's United Merchant Services combines the FI's strong reputation and broad access to commercial merchants with Vantiv's payments expertise…

The 'cashless street': useful experiment or shameless PR stunt?

Who benefited from the one-day, cash-free tryout in a Manchester, UK, shopping district? We can give you a hint: It wasn't the customers or the merchants.

Card blocking, consumer alerts are keys to fraud prevention

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

Financial organizations are on high alert regarding payments fraud in the wake of recent high profile customer data breaches. Although overall payments fraud…

ATMIA to discuss transaction routing concerns with Fed board

July 16, 2014

The ATM Industry Association announced today that a member task force will meet July 22 with the Federal Reserve Board of Governors in Washington. ATMIA…

SafenSoft, AK BARS Bank create Russia's first PCI DSS-compliant ATM network

July 15, 2014

AK BARS Bank and Safensoft have announced the recent completion of PCI DSS recertification at the bank using SafenSoft information security solutions.

Collis Brand Test Tools OK'd for Visa payWave

July 15, 2014

UL has announced that its Collis Brand Test Tool has been confirmed by Visa to simulate the newest Visa qVSDC  device module. Test cases are also included in…

FCU adds RDC as component of customer self-service strategy

July 15, 2014

FedChoice FCU, a federal employees credit union serving nearly 25,000 members, has implemented QwikDeposit ToGo from Bluepoint Solutions for mobile remote…

Consumers' real-world cost of cash: A defining moment for ATM deployers and merchants

Many IADs believe it's a race to zero in terms of fees, but the true opportunity is to shift ATM transactional costs from the consumer to the marketers trying…

Prepaid cards No. 1 in growth for June

July 14, 2014

Prepaid cards took the biggest hike of any noncash payment method in June in terms of dollar volume — barely, beating out credit by just one-tenth of a percent.

Could Apple or Google smash the banks?

Tech giants don't need to compete head-to-head with traditional banks and payment networks — they can simply innovate around them.

Why do consumers hate ATM fees so much?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

It might be because they don't have a clue where the money goes ... and nobody's taken the time to educate them.

Payment security data breach trends to receive scrutiny at September summit

July 9, 2014

Massive data breaches have raised questions about how to better protect consumers' personal and payment data. This will be the focus of a general session at…

First Data betting on PayLucky Solutions

July 7, 2014

Payment technology and services provider First Data has introduced PayLucky Solutions for legalized online and offline gambling and gaming. The offering…

UK's Optimal Payments to purchase GMA, Meritus

July 2, 2014

London-based Optimal Payments PLC, an online payments and risk management provider, has announced an agreement to acquire all of the partnership interests of…

AT&T piloting location authentication for bankcard transactions

June 27, 2014

AT&T plans to pilot a new service that it says will arm companies with the ability to confirm the location of participating customers who opt in to…