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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

The premier daily news service for cards and payments professionals.

  • 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]

  • 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.

  • Barclays Launches Commercial Contactless Debit Cards

    PaymentsSource | March 10

    United-Kingdom-based Barclays Group PLC this week continued its goal to bring contactless technology to the region’s masses as it began issuing commercial contactless debit cards to business customers.

  • Consumer Debt Crept Higher in February: Report

    PaymentsSource | March 10

    U.S. consumer credit card debt inched higher again for data released in February, but the average credit score remained the same as the previous month at 669, according to a March 10 report from Credit Karma Inc., a San Francisco-based company whose Web site tracks credit scores.

  • NFinanSe Cuts Prepaid Card ATM And Bill-Payment Fees

    PaymentsSource | March 10

    NFinanSe Inc. today cut ATM-withdrawal and bill-payment fees to promote better cardholder trials and greater cardholder retention.

  • South Korean Agency Calls For Points On Overseas Purchases

    PaymentsSource | March 10

    The South Korean Fair Trade Commission is urging card companies in that country to allow their cardholders to earn reward points on purchases made overseas, according to a statement issued by the antitrust group.

  • Ireland’s WorldNet Debuts Virtual Terminal For IPhones

    PaymentsSource | March 10

    WorldNet, an Ireland-based online payment gateway, says its virtual payment-terminal application released this week for Apple Inc.’s iPhone is the company’s first, and it plans to add chip-and-PIN capability to the software in later versions. [FREE]

  • Allied Banking, China UnionPayCredit Card

    PaymentsSource | March 10

    Allied Banking Corp. has signed an agreement with card company China UnionPay to launch a credit card, the Philippines-based bank announced recently.

  • Thai Banks Get Permission To Shut ATMs During Planned Rally

    PaymentsSource | March 10

    Under a contingency plan announced March 9, Thailand’s commercial banks may immediately halt ATM services in risk-prone areas.

  • BofA Plans To Drop Debit Card Overdraft Fees

    American Banker | March 10

    Bank of America Corp. reportedly plans to announce Wednesday that it is eliminating $35 overdraft fees on debit card purchases as the bank tries to stay ahead of a sweeping round of regulations.

  • Denver Collector Expands In Kansas

    Collections & Credit Risk | March 10

    Regent Asset Management Solutions, a Denver collection agency, said Monday that it plans to hire 1,200 people in the next five years after expanding to a new call center in Overland Park, Kan.

  • 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.

  • 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.

  • 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.

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