Upcoming Conferences
22nd Annual Card Forum & ExpoMay 16-18, 2010
Hyatt Regency Grand Cypress, Orlando, FL
Mobile Banking and Emerging Applications Summit
June 6-8, 2010
M Resort | Las Vegas, NV
18th Annual Financial Services Collections & Credit Risk Conference
October 24-26, 2010
The Wynn, Las Vegas, NV
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Today in Payments
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Ghana International Bank Launches Debit Card
PaymentsSource | February 8Seeking to become independent from established United Kingdom banks, Ghana International Bank last week announced the availability of a MasterCard-branded debit card in the UK.
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Processors, Not ISOs, To Bear The Brunt Of Transaction-Reporting Law
PaymentsSource | February 8Processors, not independent sales organizations, likely will bear the brunt of a law that takes effect next January requiring acquirers to report merchant credit and debit card transactions to the Internal Revenue Service, says Henry Helgeson, co-CEO of Merchant Warehouse Inc., a Boston-based ISO.
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Heartland Payments Settlement Not Good Enough For CU Victims Of Cards Breach
Credit Union Journal | February 8Dozens of credit unions are walking away from the $60 million payment Visa issuers will get for the costs they incurred for the massive credit card breach at Heartland Payments System. [FREE]
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Tempo To Process Payments For Animal Rights Decoupled Debit Card
PaymentsSource | February 8First Bank & Trust of Brookings, S.D., today announced it is issuing a decoupled, affinity debit card for In Defense of Animals, a nonprofit animal-rights group.
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Another New Orleans CU Member Guilty Of Post-Katrina ATM Theft
Credit Union Journal | February 8Another member of New Orleans Firemen’s Federal Credit Union pleaded guilty this week to stealing cash from the credit union’s ATM after electric outages caused by the August 2005 Hurricane Katrina forced the credit union to go offline with its cash machines.
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Acknowledging Merchants’ Needs Said To Be Equally As Important For ISOs As Cost
PaymentsSource | February 8In today’s economy, merchants still want to know how much credit and debit card processing is going to cost, but independent sales organizations say price is only one part of the sales pitch.
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Singapore’s NETS Introduces Mobile Payment Option
PaymentsSource | February 8Electronic-payment services provider Network for Electronic Transfers (Singapore) Pte. Ltd., known as NETS, has launched a mobile-payment option for its cashless-payment service iNETS, according to a company statement. [FREE]
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Five CUs Share In Surcharge-Free ATM Bid
Credit Union Journal | February 8Four defense credit unions and State Employees’ CU have joined to offer surcharge-free ATMs to North Carolina National Guard personnel worldwide.
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China’s Industrial Bank Launches ‘Low-Carbon’ Credit Card
PaymentsSource | February 8Industrial Bank Co. is working with the China Beijing Environment Exchange to launch a China UnionPay-branded, “low-carbon” credit card, an official from the Fuji-based bank tells PaymentsSource. [FREE]
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Collection Fraud Leads To $1.6 Million Payout
Collections & Credit Risk | February 5Consumers deceived in a scam operated by three companies will be sent checks this month, according to the Federal Trade Commission. [FREE]
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Viewpoints
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Editor’s Letter: Square On Payments?
PaymentsSource | January 27Sometimes it’s not what is said but who says it.
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A Closer Look
In Consumer Credit, Epic Crisis ...
... Middling Contraction
So far, the recent contraction in consumer credit has been roughly in line with the aftermath of the relatively mild 1990-1991 recession.
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- Collection Fraud Leads To $1.6 Million Payout
- 97% Of Visa Issuers Accept Heartland Settlement Offers
- Lawsuits Filed Against 712 Agencies, Creditors In January
- HomeATM Developing Mobile Payment Card Reader
- Citi Said To Be First Big Bank In Core Overhaul
- Discover Puts Power In Consumers’ Hands With New Card Tool
- Lawmakers Lukewarm On Reform
- Debit Card For Tax Refunds, Paychecks
- Low-Cost Bling Nation Debit Network Grows To Three Markets
- Where Is PayPal Going?
- HomeATM Developing Mobile Payment Card Reader
- Lawsuits Filed Against 712 Agencies, Creditors In January
- Low-Cost Bling Nation Debit Network Grows To Three Markets
- Jakarta To Launch Contactless Transit Payments
- Collection Trends In The Year Ahead
- Heartland Tailors Card For A College
- 97% Of Visa Issuers Accept Heartland Settlement Offers
- Miami Transit Offering Super Bowl Transit Smart Cards
- Visa Profits Climb As Card Use Rises
- USAA’s Mobile Deposit Application Now Available On Android Smart Phones