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  Prospecting For Payments Gold A Rough Task In An Era Of Regulation, New Technologies

  May 16, 2012

  ORLANDO–Banks want to strike gold again in payments, but they are still struggling to figure out which river to pan.

Today in Payments

• Cardlytics Adds Targeted Offers To Credit Card Users

  PaymentsSource | May 16, 2012

  Cardlytics, which provides targeted offers to debit card users, is offering a similar technology designed for credit card portfolios, the company announced May 16.

• Citizens Adds P2P Payments For Online-Banking Users

  PaymentsSource | May 16, 2012

  RBS Citizens Financial Group is adding person-to-person payments for its online-banking users and expedited automated clearinghouse funds transfers for its mobile-banking users.

• Alliance Data's Niche-Retailer Strategy Driving Private-Label Card Success

  PaymentsSource | May 16, 2012

  Private-label credit card issuing still has plenty of room for growth, if Alliance Data Corp.'s recent wins among niche retailers are any indication.

• TSYS Unveils Its Mobile 'Agenda'

  PaymentsSource | May 16, 2012

  Total System Services Inc. wants to put itself in a position to take advantage of growth in mobile payments and banking.

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  Jumio Launches Development Fund For Its Card-Scanning Service

  PaymentsSource | May 16, 2012

  Jumio Inc. has released a software-development kit to allow programmers to use its payment card-scanning technology in mobile applications.

• PCI Council Issues Mobile Reader Fact Sheet For Merchants

  PaymentsSource | May 16, 2012

  Merchants can find out if their mobile card readers have approved security features by checking a new fact sheet from the Payment Card Industry Security Standards Council.

• Fraud-Prevention Service Helps Florida Credit Union Cut Its Losses

  PaymentsSource | May 16, 2012

  A regional credit union in Florida burned a few years ago by high counterfeit card losses says it has cut its actual losses to one-third what they were before deploying a fraud-prevention service earlier this year.

• Ottawa Joins List of North American Cities Supporting Mobile Payments For Parking

  PaymentsSource | May 16, 2012

  Ottawa, Canada, has joined a growing list of North American cities supporting mobile payments for parking.

• 15 Years In, Less Than Half Of World's Payment Cards Are EMV-Compatible

  PaymentsSource | May 15, 2012

  Some 15 years after the first EMV chip cards appeared, less than half of all payment cards worldwide conform to the EMV chip card standard, underscoring the slow, gradual speed EMV card deployments generally require.

• Bahrain Petroleum Launching A Prepaid Card For Motorists

  PaymentsSource | May 16, 2012

  Motorists in Bahrain soon will have a new way to pay for their fuel thanks to one of the country’s largest fuel retailers, which launched a smart prepaid card May 14.

• Wright Express Expands UK Offerings After CorporatePay Purchase

  PaymentsSource | May 15, 2012

  Wright Express Corp. bolstered its prepaid-travel products presence in the United Kingdom by purchasing CorporatePay Ltd., a provider of virtual and actual prepaid cards and other travel-industry expense-management products.

• Prima Payments To Distribute PaySecure For Phoenix Managed Networks

  PaymentsSource | May 15, 2012

  Phoenix Managed Networks has secured the services of a Canadian payments company to distribute routers and software for its PaySecure fraud-prevention service, the payment network services provider announced May 15.

Viewpoints

• Analyze Ties To Card-Spend Growth With Merchandise Sales

  PaymentsSource | May 16, 2012

  One has to carefully study card-delinquency trends to assess the risk in card-spend growth, apart from being apprehensive if the sales-growth trends will continue. Increases in sales through plastic not coupled with proportionate increases in overall merchandise sales is what one should be wary of.