Upcoming Conferences
7th Annual Mobile Banking and Commerce Summit
June 3-5, 2013
InterContinental Miami, Miami, FL
8th Annual Underbanked Financial Services Forum
June 5-7, 2013
InterContinental Miami
Miami, FL
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CO-OP Offers a Local Rewards Program to Credit Union Cardholders
PaymentsSource | May 7, 2013CO-OP Financial Services is offering a card-based local merchant rewards program that encourages credit union members to shop within a small area.
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Xoom's Mother's Day Promotion Uses Amazon Gift Cards
PaymentsSource | May 6, 2013Xoom will give customers who send a digital online money transfer to the Philippines during the month of May a $50 Amazon.com gift card as part of a Mother's Day promotion.
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MasterCard in No Rush to Private-Label its Network
PaymentsSource | May 5, 2013MasterCard does not plan to mimic Visa's recent move to develop a private-label processing network for banks like JPMorgan Chase, but CEO Ajay Banga acknowledges that if more institutions pursue the strategy, the card network will have to consider it.
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Pay-by-TV Among Ingenico Chief's Many Visions of the Future
PaymentsSource | May 3, 2013When the latest "As Seen on TV" must-have gadget appears on-screen, consumers may someday be able to make the first of their payments by pressing a few buttons on their remote control. It may seem far-fetched, but it's a future that Ingenico chairman and CEO Philippe Lazare says is well within reach.
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How Amex and Walmart Got Bluebird Prepaid Card to Soar
PaymentsSource | May 2, 2013American Express and Wal-Mart launched the Bluebird card last October. By January, it had over 575,000 account holders and $275 million in funds loaded onto the cards. Eighty-five percent of Bluebird customers are new to Amex, and 45% under 35.
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MasterCard Emphasizing Growth of Digital Wallet, Prepaid
PaymentsSource | May 1, 2013MasterCard is planning to rapidly broaden the scale and scope of its digital wallet and prepaid card offerings.
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Discover, PayPal Pact Reaches 50 Merchant Acquirers
PaymentsSource | April 30, 2013Discover has signed contracts with 50 merchant acquirers to enable PayPal's in-store payment system to pass 2 million merchant locations by the end of 2013, the card brand said.
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VeriFone Takes Many Paths in the U.S. EMV-Card Migration
PaymentsSource | April 30, 2013Merchants have a vastly different receptiveness and understanding of the U.S. conversion to EMV-chip payment cards, and VeriFone is taking a diverse approach to appealing to them all.
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UnionPay Taps Discover Network for Its First Prepaid Card in U.S.
PaymentsSource | April 29, 2013China's state-backed UnionPay payment network seeks a larger presence in the U.S., starting April 29 with a new prepaid card that banks in Asian-American communities will market to consumers who travel to China and other foreign countries, according to news reports.
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Vindicia, SmartDebit in Payment Processing Pact
PaymentsSource | April 26, 2013Vindicia, a subscription billing service, is teaming with U.K.-based processor SmartDebit to provide "customer-not-present" payment technology.
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TSYS Eyes the Future with 'Star Wars' Issuing Tech, NetSpend Deal
PaymentsSource | April 24, 2013Total System Services Inc. is adopting a new infrastructure for card issuing, updating its existing "black box" to allow issuers to more quickly launch new products and services and provide a single view of consumers across multiple relationships.
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Russia Offers Payments Opportunities Amid Tech, Government Issues
PaymentsSource | April 18, 2013In Russia, there's a large potential for U.S. payments providers willing to brave country's complex tech infrastructure and a national ID and payment card initiative that's still a work in progress.
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Retailers Object to EMV-Card Adoption — And Some May Not Switch
PaymentsSource | April 17, 2013The card networks are reporting strong progress among issuers and acquirers in the U.S. migration to EMV-chip cards, but many retailers are still lashing out against the expectation that they upgrade their point of sale hardware.
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Prepaid Cards Offer Lessons for Nascent Bitcoin Businesses
PaymentsSource | April 17, 2013The prepaid card industry has a lot to teach the companies that handle virtual currencies, as the Bitcoin economy begins to attract the same regulatory scrutiny prepaid cards received over the past several years.
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NXP Debuts Integrated Contactless Card in Russia
PaymentsSource | April 16, 2013Alioth, which sells government and payment cards in Russia, is teaming with NXP Semiconductors to launch a multi-functional card that combines payments with a range of other uses.
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