Jeffrey Green

ATM expansion across Europe and India helped boost transaction volume and second quarter revenue at Euronet, but economic issues in Spain and changes among key players in various markets kept some of the potential for growth at bay.

Fueled by growth in transfer activity and a large boost in the number of agent locations globally, the Funds Transfer unit at MoneyGram International reported a sizeable boost in second-quarter revenue, though the company also experienced a decline in bill-payment income.

Consumers now may exchange value from 131 merchant gift cards for a virtual currency under a partnership Plastic Jungle has struck with InComm's Zeevex.

U.S. Bancorp has begun offering corporate clients the ability to use virtual account numbers to handle travel expenses.

As smartphones with Near Field Communication become more common, the global market for NFC payments will grow to exceed $180 billion by 2017, a nearly eight-fold increase from $23 billion this year, a new report projects.

Russia's Neyva Bank has launched a virtual prepaid Visa card that is it issuing through its ATM network. And it completed the task in roughly two weeks.

Discover Financial Services is launching additional perks to its flagship credit card under the Discover It tagline in a test involving about 10% of the U.S. market, including Chicago.

Growth in the Americas and Europe help drive second-quarter revenue growth for the ATM maker's Financial Services unit.

Dollar General Corp. has begun offering Western Union general-purpose reloadable prepaid cards at its more than 10,000 stores in 40 states.

Though not a party in the merchants’ dispute over the interchange polices of Visa Inc. and MasterCard Worldwide, American Express Co. plans to watch how merchants react to being able to surcharge under a proposed settlement reached last week.

The days of the add-on mobile card reader may be numbered, as recent developments around software-based approaches gain strong momentum.

Higher cardmember spending and a rise in net interest income, driven primarily by the growth in card loans, helped boost second quarter revenues for the U.S. Card Services unit at American Express Co., the card brand announced July 18.

U.S. Bancorp executives view the issuer's portion of the proposed $7.25 billion swipe-fee settlement, which some merchants are fighting, as an expense already incurred.

The Durbin amendment in Dodd-Frank eliminated debit-network exclusivity, prompting heightened competition among the electronic funds transfer networks.The NYCE network, which is owned by FIS, already has benefited.

Declining check volumes slowed second quarter revenue growth for the Payment Solutions unit at Fidelity National Information Systems Inc., or FIS.

An anonymous letter sent to some shareholders of PrepaYd Inc. appears to have ties to a California Department of Corporations subpoena the prepaid card company received a year ago. And it has the company's CEO fuming.

Credit card issuers may be able to target their marketing better through a new Equifax prospect-scoring model that identifies the consumers most likely to open an account.

Western Union Business Solutions now lets universities accept international students' tuition payments and fees in Indian rupees, The Western Union Co. unit announced July 17.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

Proxama has a hired Ron Carter and Louise Thompson to senior management positions. Proxama, which is basded in London, provides NFC mobile-wallet and mobile-marketing technology.