COVER STORY
  28 HSAs: Debit's New Cash Cow
  Health savings accounts hold immense promise for the card companies to grab a major slice of the health care pie and significantly increase debit card volume. But there are risks.
  Also in this issue...
  6 Editor's Note
  A Healthy Market
  8 Industry News
  Chase and American Express Push Contactless Payments into Open Market
  Chase Bank U.S.A. and American Express Co. have announced plans to roll out contactless credit cards this summer. Will other issuers follow suit?
  10 Spring Blooms a Return to Consolidation, and Issuers' Credit Card Portfolios Grow
  Washington Mutual announces plans to buy $18 billion in managed credit card receivables from Providian Financial Corp. A week earlier, Citigroup Inc. announced it plans to buy the credit card portfolios of the Federated and May department stories.
  12 Many Retailers Miss PCI Deadline
  Many merchants were not expected to meet the June 30 deadline to comply with the new, unified PCI data-security standard from Visa USA and MasterCard International. Will they be punished?
  16 Debit Card Report
  Growth at the Top
  The top ATM independent sales organizations continue to capture more market share. Consolidation is driving the trend in the midst of an industrywide slump.
  20 Despite PIN-Debit Growth, Wal-Mart Still is Not Satisfied
  Debit card interchange rates remain a sore spot that could prompt merchants to create their own card-payment system.
  22 Merchant Acquiring
  Emerging Technologies Help Perk up POS Terminal Industry
  After years of flat shipment growth, vendors now face a world of new opportunity. Their future, however, could rest on how well they take advantage of it.
  34 Collections & Recovery
  U.S. Firms Help Fuel Canada Debt Sales
  Canada's bad-debt market mirrors the U.S. business, circa early 1990s. Buyers are counting on untapped sources of bad loans to make them rich, and bankers, fearing reputational damage, are skittish about selling.
  36 E-Payments
  Checks Get a (Mild) Electronic Jolt
  Though consumers continue to present checks at the point of sale, check electronification is having problems gaining momentum.
  40 Pricing Trends
  Merchants Target Interchange Costs
  Another Federal Reserve forum lets merchants vent on pricing while a lawsuit takes on Visa's no-surcharge rule.
  48 Afterthoughts
  A Look Back at Today
  (c) 2005 Cards & Payments and SourceMedia, Inc. All Rights Reserved.
  http://www.cardforum.com http://www.sourcemedia.com
 

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