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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

  • PayPal Inks China UnionPay Deal

    PaymentsSource | March 18

    EBay Inc.'s PayPal Inc. says it has partnered with China UnionPay Co., China's biggest card issuer, enabling Chinese consumers to shop online with international retailers using their China UnionPay bank cards.

  • Ingenico Sees 2009 Profit Drop From 2008

    PaymentsSource | March 18

    Ingenico SA, a France-based point-of-sale terminal maker, foresees a return to growth this year after posting declining revenue and profit results for 2009 compared with 2008. [FREE]

  • Thieves Steal National Store Chain’s PIN Pads

    PaymentsSource | March 18

    Thieves stole an undisclosed number of PIN pads from Hancock Fabrics Inc. stores, replacing them with counterfeit terminals that illegally captured customer card data.

  • Fifth Third Plans Data-Encryption Rollout With Voltage Security

    PaymentsSource | March 18

    Fifth Third Processing Solutions LLC later this year will roll out an advanced payment-data encryption technology platform for its merchant clients developed in conjunction with Voltage Security Inc., the processor said on Thursday.

  • NCR Names Fishman CFO

    PaymentsSource | March 18

    NCR Corp. today named Robert Fishman chief financial officer, ending his stint as interim CFO, a position he has held at the world’s largest ATM manufacturer since October.

  • Co-op Financial Forms Partnership With Louisiana Credit Union League

    PaymentsSource | March 18

    Co-op Financial Services this week announced a partnership with the Louisiana Credit Union League intended to help expand Co-op’s surcharge-free ATM network throughout Louisiana.

  • Credit Repair Promoter Agrees To $2.5 Million FTC Settlement

    PaymentsSource | March 18

    A promoter of credit repair and debt relief services agreed to settle Federal Trade Commission charges that he deceived consumers. [FREE]

  • Credit Card Spending Rises In India, But Debit Use Continues To Dominate

    PaymentsSource | March 18

    Indian consumers in January initiated 20.3 million credit card transactions, down 6.9% from 21.8 million during the same month the previous year, according to data from the Reserve Bank of India.

  • Citi Sees Weak Demand For Mobile P2P Transfers, For Now

    American Banker | March 18

    Citigroup Inc. is learning many consumers today do not share its enthusiasm for mobile payments. [FREE]

  • Leap Payments Touting Transparent Merchant Pricing For Small Merchants

    ISO & Agent Weekly | March 17

    Will Detterman, the chief executive of Leap Payments Inc., admits he is taking a chance in introducing a payment card acceptance pricing model that bucks the traditional formula. “We make less money,” Detterman says. [FREE]

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Viewpoints

  • Ability To Pay: Next Steps For Financial Institutions

    March 15

    Financial institutions are breathing easier and getting on with their business since the deadline to become compliant with the final rule on amendments to Regulation Z passed last month. Now what? [FREE]

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A Closer Look

Chargeoffs Drain Receivables...

...Underpinning Card Contraction

Actual seasonally adjusted revolving credit versus a hypothetical scenario that holds chargeoffs steady.

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2010 Marketplace Directory

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Current Issue

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As alternative payment schemes proliferate, some contenders are combining fresh shortcuts to achieve the desired scale with uncommon payment technologies.

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