Upcoming Conferences
22nd Annual Card Forum & ExpoMay 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
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India Citibank-MasterCard NFC Pilot Yields A Few Clues On Mobile Coupons
PaymentsSource | March 11One of the worlds 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]
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In Lower Fees, Banks Find An Alternate Path To Profit
American Banker | March 11Tack 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.
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BofA Decision To Eliminate Overdraft Fee Could Have A Ripple Effect
PaymentsSource | March 10Bank 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 consumersand no doubt regulatorswhose angst against big banks has reached a fever pitch in recent months, analysts say.
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Colorado AG Bans Three Collection Attorneys
Collections & Credit Risk | March 10Colorado Attorney General John Suthers' office has banned three collection attorneys from collecting debts in the state after accusing them of using unfair tactics. [FREE]
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Barclays Launches Commercial Contactless Debit Cards
PaymentsSource | March 10United-Kingdom-based Barclays Group PLC this week continued its goal to bring contactless technology to the regions masses as it began issuing commercial contactless debit cards to business customers.
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Consumer Debt Crept Higher in February: Report
PaymentsSource | March 10U.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.
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NFinanSe Cuts Prepaid Card ATM And Bill-Payment Fees
PaymentsSource | March 10NFinanSe Inc. today cut ATM-withdrawal and bill-payment fees to promote better cardholder trials and greater cardholder retention.
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South Korean Agency Calls For Points On Overseas Purchases
PaymentsSource | March 10The 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.
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Irelands WorldNet Debuts Virtual Terminal For IPhones
PaymentsSource | March 10WorldNet, an Ireland-based online payment gateway, says its virtual payment-terminal application released this week for Apple Inc.s iPhone is the companys first, and it plans to add chip-and-PIN capability to the software in later versions. [FREE]
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Allied Banking, China UnionPayCredit Card
PaymentsSource | March 10Allied Banking Corp. has signed an agreement with card company China UnionPay to launch a credit card, the Philippines-based bank announced recently.
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Thai Banks Get Permission To Shut ATMs During Planned Rally
PaymentsSource | March 10Under a contingency plan announced March 9, Thailands commercial banks may immediately halt ATM services in risk-prone areas.
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Viewpoints
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After Words: Acquiring Banks: Another Change
PaymentsSource | March 4In 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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- JPM Chase Brings Back 5% Cash Back
- Lawsuits Name 764 Agencies, Creditors
- BofA Plans To Drop Debit Card Overdraft Fees
- LifeLock To Pay $12 Million To Settle FTC Charges
- BNY Mellon Sees Opening via MasterCard Gateway
- Technology, Scoring Strategies To Boost Collections
- BofA Decision To Eliminate Overdraft Fee Could Have A Ripple Effect
- New Jersey Assembly Committee Approves Collection Law
- Taking Steps To Mesh ATMs With Other Channels
- Debt Collector Found Guilty On Weapons Charges
- LifeLock To Pay $12 Million To Settle FTC Charges
- Shazam Network Launches Fraud-Prevention Service
- BNY Mellon Sees Opening via MasterCard Gateway
- Technology, Scoring Strategies To Boost Collections
- Price Remains Important To Merchants, But It Should Not Rule The Sales Pitch
- BofA Decision To Eliminate Overdraft Fee Could Have A Ripple Effect
- BofA Plans To Drop Debit Card Overdraft Fees
- Plan To Enable The Blind To Identify Banknotes Could Affect ATMs
- Lawsuits Name 764 Agencies, Creditors
- Citi Expanding CauseWorld










