PaymentsSource

Upcoming Conferences

18th Annual ATM, Debit & Prepaid Forum
October 3-5, 2010
Arizona Biltmore, Phoenix, AZ

3rd Annual Cards & Payments Loyalty Conference
November 3-5, 2010
Buena Vista Palace & Resort, Orlando, FL

Web Seminars

Building Loyalty: How To Design Programs that Cement Relationships

September 1, 2010

Visa Quarterly Profit Slips As Company Braces For 'Modest' Legislation Effects
PaymentsSource | July 29
Visa Inc. may begin to see bottom-line effects from pending debit interchange regulations as early as next summer, Joseph Saunders, Visa chairman and CEO, revealed to analysts July 28 during a conference call to discuss quarterly results.
European Troubles Cause 2% Drop In Diebold’s Q2 Net Income
PaymentsSource | July 29
Diebold Inc.’s weak showing in the European market contributed to the ATM manufacturer’s 2.3% decrease in net income for the second quarter ended June 30, to $29.7 million from $30.4 million during the same time period last year.
Visa Reports Strong Fiscal Q3 Payment-Volume Growth Globally
PaymentsSource | July 29
Citing continued spending momentum and positive payment trends globally, Visa Inc. on July 28 reported increases in Visa card spending both domestically and internationally for the company’s fiscal third quarter ended June 30.
Consumers Warming Up To Mobile Devices For Banking, Survey Suggests
PaymentsSource | July 29
Mobile banking through mobile devices such as cellular phones, smart phones and personal digital assistants has more than doubled globally since 2008 with consumers in the Asia-Pacific region, Central and Eastern Europe and the United States at the forefront, new research from KPMG International suggests. [FREE]
IPay POS Debuts With Multiple Gateway Support
PaymentsSource | July 29
IPay POS Credit Card Terminal, the new version of the mobile-payment acceptance application called ProcessAway, now works with multiple gateways and comes with a card reader to accommodate card-present transactions, according to Randy Palermo, who developed the application that works on Apple Inc.’s iPhone. [FREE]
First Foreign Islamic Bank Joins Malaysian ATM Network
PaymentsSource | July 29
Kuwait Finance House Malaysia Bhd. has become the first foreign Islamic bank in Malaysia to join the Malaysian Electronic Payment System, known locally as MEPS, an official for the bank tells PaymentsSource.
Taiwan Bank, Department Store In Cobranded Smart Card Deal
PaymentsSource | July 29
Taiwan’s Taipei Fubon Commercial Bank Ltd. and department store Uni-Hankyu this week announced a chip-based cobranded MasterCard credit card that also functions as a transit card, the bank said.
FTC Issues Rule Against Debt Relief Companies
Collections & Credit Risk | July 29
For-profit companies that sell debt relief services by telephone, as of Oct. 27, will not be able to charge a fee before they settle or reduce a customer’s credit card or other unsecured debt. [FREE]
Washington Credit Union Cracks Card Skimming Ring At Wendy’s
Credit Union Journal | July 29
A worker at a local Wendy’s restaurant in Seattle was arrested yesterday, along with two alleged accomplices, and charged with identity theft after she allegedly used a “skimmer” to steal credit card information from as many as 135 customers.
Merchant Benefits From Reduced Rates Will Vary, Global Payments’ CEO Says
PaymentsSource | July 29
All U.S. merchant processors likely will benefit from anticipated reductions in debit card interchange rates once the Federal Reserve Board next year finishes its rate-setting task mandated by the Dodd-Frank financial-reform bill President Obama signed into law last week.
First Data To Lay Off Call Center Reps
Credit Union Journal | July 29
About a fourth of First Data Corp.'s 800 call center employees will be laid off by Sept. 1, according to the transaction processing giant.

Viewpoints

Viewpoint: A Better Tool To Fight Card Fraud
PaymentsSource | July 26
At least once a day, the National Cyber Alert System sends out an alert to warn consumers of potential security threats.