PaymentsSource

Debit

• Closed-Loop Cards Dominate Prepaid Market

  PaymentsSource | September 2

  Closed-loop prepaid cards for digital content, government services and telecommunications helped grow the sector in 2009, to $205.4 billion in funds loaded into card accounts, up 7% from $191.8 billion the previous year, according to a report from the Mercator Advisory Group.

• When It Comes To Mobile, Bank Of The West Is Done Waiting And Seeing

  PaymentsSource | September 2

  The mobile banking train hasn’t left the station yet, but time is running low to be considered an early adopter before the service becomes ubiquitous among banks. [FREE]

• Brazil Acquirer Buying 30,000 Hypercom POS Terminals

  PaymentsSource | September 2

  Cielo S.A., a Brazil-based merchant acquirer with approximately 1.2 million active merchant accounts, is buying 30,000 Optimum T4205 point-of-sale terminals from Hypercom Corp., the terminal maker announced Sept. 2.

• Giftango Connects Mobile Developers To Merchants For Virtual Gift Cards

  PaymentsSource | September 2

  Virtual gift card provider Giftango Corp. on Sept. 1 released a software-development kit that enables mobile-phone application companies to develop gift card products consumers may use at the point of sale or redeem online. [FREE]

• Inner Fence Adds Card Reader For IPhones

  PaymentsSource | September 2

  Inner Fence, which makes the Credit Card Terminal application for Apple Inc.’s iPhone, on Sept. 1 announced it is shipping the Credit Card Reader, which attaches to an iPhone’s dock connector. [FREE]

• MasterCard Promotion Offers Exclusive Access To New York Events

  PaymentsSource | September 2

  In its latest marketing promotion, MasterCard Worldwide is offering cardholders who live in or who visit New York City rich and “priceless” experiences, such as sporting, concert, shopping and culinary events.