Cards/Payments

Bank of America Reissues Some Cards After Third-Party Breach

Sean Sposito | Feb 09

Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.

Consumer Finance

Technology

Chip-Card Services Show Momentum in Secure Card Market

Sean Sposito | Feb 09

Even two years ago, when the first U.S. financial institution committed to issuing secure chip cards, vendors said no one was lined up to follow. But times have quickly changed.

Technology

Consumer Finance

Visa's Debit Growth Slows Post-Durbin Cuts

Victoria Finkle | Feb 09

Three months after a new rule capped debit card swipe fees, Visa Inc. is weathering a slowdown in its U.S. debit business, though it has so far avoided the doomsday scenarios once predicted.

Regulation & Reform

Risk Management

PayPal Turns to Toy Industry Vet for Secrets of Retail Success

Sean Sposito | Feb 09

It was a Disney exec that brought Don Kingsborough, now at PayPal, out of retirement to turn one of its theme park shows into a popular toy. Kingsborough's role today is quite similar: turn an unconventional product, in this case PayPal, into a hit in retail stores.

Mobile Banker

Retail Delivery

Moscow's Tinkoff to Use TSYS Prime Card System

Jeremy Quittner | Feb 09

Total System Services says Tinkoff. Credit Systems Bank, of Moscow, has upgraded to the latest version of the TSYS' card and merchant management product, called Prime 4.

Consumer Finance

Technology

Visa 1Q Profit Rises 16.4% as Transactions Jump

Feb 08

Visa posted a 16.4% increase in fiscal first-quarter profit as the company continued to benefit from consumers' increased use of plastic while grappling with new federal rules that affect debit-card purchases.

Markets

Consumer Finance

Visa Vies to Be Linchpin of Banks' Mobile Offerings

Jeremy Quittner | Feb 08

Visa has launched a mobile banking product with Monitise, pitting the card network against major technology vendors.

Consumer Finance

Mobile Banker

For MasterCard, Analytics Deal May Calm Security Fears Online

Jeremy Quittner | Feb 08

MasterCard, in an effort to improve merchant and consumer comfort with online spending, formed a partnership with Silver Tail to distribute the latter's fraud-fighting analytics to merchants.

Technology

Consumer Finance

Cards and Cachet

Feb 08

A celebrity's name on a prepaid card has been more of a scarlet letter than a ticket to success. But celeb cards are still popular enough to be a threat to traditional banks.

Consumer Finance

Retail Delivery

Citigroup Thinks Small with Business-Loan Fund

Victoria Finkle | Feb 08

Citigroup is partnering with the Enterprise Community Loan Fund and Next Street Financial to invest $30 million in small businesses.

Community Banking

National/Global

MasterCard to Use Silver Tail's Tech to Spot Fraud Attempts

Jeremy Quittner | Feb 08

MasterCard Inc. and software company Silver Tail Systems Inc. announced a partnership that will bring the latter’s fraud-fighting analytics to MasterCard merchants.

Risk Management

Consumer Finance