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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

  • Executive Changes At First Data As Processor Posts Q4 and 2009 Losses

    PaymentsSource | March 11

    Michael Capellas, chairman and CEO of First Data Corp., is leaving the Atlanta-based payment processor to work as a senior advisor at Kohlberg Kravis Roberts & Co., the investment group that bought the transaction processor in 2007.

  • Visa Execs: Mobile Payments And Global Markets To Drive Future Growth

    PaymentsSource | March 11

    Visa Inc. is looking outside the U.S. for growth and hopes to derive more than half of its revenues from international markets within the next five years, executives from the card company today told investors gathered in San Francisco for its annual Investor Day presentation. [FREE]

  • India Citibank-MasterCard NFC Pilot Yields A Few Clues On Mobile Coupons

    PaymentsSource | March 11

    One of the world’s largest trials of Near Field Communication payments, which Citigroup Inc. and MasterCard Worldwide launched last year in India, provided a glimpse into the challenges of incorporating merchant-sponsored product discounts and coupons within mobile payments. [FREE]

  • Tio Networks Launches Mobile Bill-Payment Service

    PaymentsSource | March 11

    Tio Networks, which today announced the planned launch of a mobile bill-payment platform, estimates it will generate 20% of its revenue from the service by 2011, according to the Burnaby, British Columbia-based expedited bill-payment processor. [FREE]

  • Nautilus Hyosung Names Jung New President And CEO

    PaymentsSource | March 11

    Nautilus Hyosung Inc. has named Charles Jung Sr., a former IBM Corp. executive, as president and CEO of Nautilus Hyosung America Inc., the ATM maker’s U.S.-based subsidiary.

  • UK Card-Not-Present Fraud Fell 15% In 2009

    PaymentsSource | March 11

    Card-not-present fraud in the United Kingdom declined by an estimated 15% last year, to 278 million British pounds (US$416 million or 304 million euros) from 328 pounds (US$490 million or 359 million euros) the previous year, reports Retail Decisions PLC.

  • China Mobile Buys 20% Bank Stake To Develop Mobile-Payment System

    PaymentsSource | March 11

    China Mobile plans to purchase a 20% stake in Shanghai Pudong Development Bank for 39.8 billion yuan (US$5.7 billion or 4.2 billion euros) as part of its plans to develop a mobile-payment system in the country, China Mobile announced on March 10. [FREE]

  • In Lower Fees, Banks Find An Alternate Path To Profit

    American Banker | March 11

    Tack a $35 overdraft fee on to a $5 debit purchase at Starbucks enough times, and the cost really starts to add up — and not just for the unsuspecting caffeine addict stuck with the tab.

  • BofA Decision To Eliminate Overdraft Fee Could Have A Ripple Effect

    PaymentsSource | March 10

    Bank of America Corp.’s announcement today that it plans to eliminate overdraft fees on debit card purchases is a clear effort to make right with consumers–and no doubt regulators–whose angst against big banks has reached a fever pitch in recent months, analysts say.

  • Revolving Credit Drops For 16th Consecutive Month

    Collections & Credit Risk | March 10

    U.S. revolving credit fell to $864.4 billion in January from a revised total of $866.1 billion in December, marking the 16th consecutive month that saw Americans shed credit card debt, according to the Federal Reserve. [FREE]

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  • 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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