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Upcoming Conferences

22nd Annual Card Forum & Expo
May 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

Today in Payments

  • Plan To Enable The Blind To Identify Banknotes Could Affect ATMs

    PaymentsSource | March 9

    The U.S. Bureau of Engraving and Printing is working to redesign banknotes so blind and visually impaired consumers more easily may identify their denominations. Though details are sketchy, the changes will affect segments of the ATM industry differently, observers say.

  • ISO Smartphone Payment App Updated For More Devices

    PaymentsSource | March 9

    Merchant Warehouse Inc. says its mobile payment-acceptance software for smartphones now works with devices using Microsoft Corp.’s Windows Mobile and Google Inc.’s Android operating systems. The additional phones extend MerchantWare Mobile’s potential coverage to approximately 90% of the smartphones sold in the United States, according to the Boston-based independent sales organization. [FREE]

  • Martin Eagle Signs On As Heartland’s First SmartLink Customer

    PaymentsSource | March 9

    Heartland Payments Systems Inc. has signed Martin Eagle Oil Co. Inc. as the first customer for the processor’s SmartLink consolidated-network technology, Princeton, N.J.-based Heartland announced today.

  • Shazam Network Launches Fraud-Prevention Service

    PaymentsSource | March 9

    The Shazam electronic funds transfer network has introduced a fraud-prevention service that enables debit card issuers to respond quickly to fraud trends by blocking select transactions. [FREE]

  • Texas Utility Launches Card-Acceptance Program For Small And Midsize Businesses

    PaymentsSource | March 9

    Cirro Energy this week announced the launch of a credit card-acceptance initiative designed for small and midsize businesses in Texas. Under the initiative, the subsidiary of Richmond, Va.-based Dominion Resources Inc. is enabling the companies to pay their electric bills using cards carrying the Visa or MasterCard brands.

  • Barclays Kenya Launches Installment Card

    PaymentsSource | March 9

    Barclays Bank of Kenya has launched a Visa-branded credit card called Beba sasa na Barclaycard that enables cardholders to pay off their card debt in equal monthly installments over 12, 24 or 36 months instead of through lump sums or minimum monthly payments, an official from the Nairobi-based bank tells PaymentsSource.

  • South Korean Regulator Investigating Schools Not Accepting Cards

    PaymentsSource | March 9

    The Financial Services Commission of Korea is conducting an investigation of certain universities domestically that do not accept credit cards for the payment of tuition fees, local media are reporting.

  • Ohio Collection Agency Settles FTC Charges

    Collections & Credit Risk | March 9

    Credit Bureau Collection Services, a Columbus, Ohio collection agency, will pay a civil fine of $1.1 million to settle Federal Trade Commission charges that it violated federal law by inaccurately reporting credit information and pushing consumers to pay debts they often did not owe, FTC officials said today.

  • CRE Secure Helping PayPal Merchants Achieve PCI Compliance

    PaymentsSource | March 9

    CRE Secure Payments LLC last week announced a partnership with PayPal Inc. in which CRE Secure will offer its HTML Clone as PayPal’s preferred Payment Card Industry Data Security Standard compliance service for merchants using PayPal’s Payments Pro and PayFlow Pro payment tools.

  • JPM Chase Brings Back 5% Cash Back

    American Banker | March 9

    JPMorgan Chase & Co. is continuing to revamp its credit card program by resurrecting a rich, and now rare, cash-back reward — with a new, seasonal twist.

  • Citi Expanding CauseWorld

    American Banker | March 9

    Citigroup Inc. is planning to make more money available to donate through the mobile charity application CauseWorld.

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Viewpoints

  • After Words: Acquiring Banks: Another Change

    PaymentsSource | March 4

    In the late 1980s and early 1990s, the commercial banking industry went through a period of great instability. To put this into perspective, 140 banks failed in 2009 while 534 did in 1989.

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