PaymentsSource

Upcoming Conferences

6th Annual Mobile Banking & Commerce Summit
June 10-12, 2012
Westin St. Francis
San Francisco, CA

7th Annual Underbanked Financial Services Forum
June 13-15, 2012
Westin St. Francis
San Francisco, CA

Today in Payments

Visa Exec: Promoting Prepaid Cards As Deposit Accounts With Options Is Key
PaymentsSource | May 18, 2012
ORLANDO–With the growing availability of prepaid card products, Visa Inc. wants to make sure its issuers are ready to participate with cards consumers consider valuable and secure for managing funds.
Senate Bill Would End Dual ATM-Fee Disclosures
PaymentsSource | May 18, 2012
WASHINGTON – U.S. Sen. Michael Johanns, R-Neb., on May17 introduced a bipartisan bill that would end the requirement for dual fee disclosures at ATMs and require only the on-screen disclosure.
ControlScan Provides Small Merchants With PCI Best Practices
PaymentsSource | May 18, 2012
Small merchants often have only the foggiest notion of what constitutes a secure electronic payment, so a security vendor specializing in Payment Card Industry data-security standards compliance is providing a primer on the subject.
Heartland Pilots Mobile-Payment App At College Campuses
PaymentsSource | May 18, 2012
Heartland Payment Systems Inc. is on the verge of opening up payment options for many college-campus concessions previously limited to cash or campus card acceptance.
ATM Deployment Growth Slows In Central And Eastern Europe
PaymentsSource | May 18, 2012
The global economic crisis continues to take its toll on ATM-distribution growth in some parts of Europe, but Russia’s ATM growth remains strong, new data show.
U.S. Bancorp Raising Debit Overdraft-Protection Charges
PaymentsSource | May 18, 2012
U.S. Bancorp is raising some of its overdraft fees, the latest example of banks changing what they charge checking-account customers.
South Africa’s Standard Bank Launches Contactless Transit Card
PaymentsSource | May 18, 2012
Standard Bank Ltd. has launched a contactless debit card to tap into South Africa’s transit-payments market, the bank announced May 17.
U.S. Bank Says Existing Customers Turning To Reloadable Prepaid Cards
PaymentsSource | May 17, 2012
ORLANDO–Some banks see prepaid as an opportunity to attract new customers, but U.S. Bancorp has found that the cards also are popular with many existing customers.
Customers Finding Ace Is The Place To Earn Card Rewards
PaymentsSource | May 17, 2012
ORLANDO–A leading provider of hardware supplies appears to have pieced together the nut and bolts necessary to secure a successful cobranded credit card initiative.
Wells Argues Its Case To Overturn $205 Million Overdraft-Manipulation Ruling
PaymentsSource | May 17, 2012
Plaintiffs' attorneys have sued scores of banks over the manipulation of overdraft fees. But they've never enjoyed a more complete victory than in Gutierrez v. Wells Fargo.
Lenders Expanding Consumer Credit Lines At Both Ends Of Borrower Spectrum
PaymentsSource | May 17, 2012
More consumers are saying yes to new credit lines as lenders slightly loosen loan standards they cinched tight in the wake of the recession. But the market is unlikely to see a return to runaway credit card debt.
Merchant Announcement Suggests An Inevitable, And Perhaps Slow, Isis National Rollout
PaymentsSource | May 17, 2012
Isis’ May 15 announcement of an expanded list of merchants who will participate in the soft launch this summer in Salt Lake City and Austin, Texas, should clarify to the industry that the telco-led mobile-commerce platform inevitably will roll out nationally, an Isis executive tells PaymentsSource.

Viewpoints

The Dilemma Of Turning Digital Currency Into Cash
PaymentsSource | May 18, 2012
Virtual currency is prevalent in gaming, where users can deploy credits to continue using favorite social games or to buy virtual goods and powerups. But that's likely just the start. According to several market reports, virtual commerce is a $2.2 billion industry that's projected to grow to a whopping $6 billion in fewer than five years.