-
UniCredit Group has awarded GmbH a three-year contract to supply electronic-payment services for banks in UniCredit’s international banking network, the Germany-based technology provider announced Jan. 17. The contract took effect Jan. 1.
January 18 -
Cardtronics Inc.’s Allpoint surcharge-free ATM network has added more than 2,500 Cardtronics Mexico ATMs deployed in retail locations across Mexico, including Oxxo convenience stores, Cardtronics announced Jan. 18.
January 18 -
The universe of bonds backed by credit card loans shrank by about a fifth last year as an era of off-balance-sheet accounting ended and the industry re-engineered its funding base.
January 18 -
Person-to-person payment services increasingly are becoming available, but most consumers are using them to substitute check use to pay bills to small businesses instead of to exchange funds with other individuals, such as when splitting a dinner check, new research suggests.
January 18 -
Discover Financial Services' execution of its long-expected "mobile wallet" will define its role in mobile commerce, a future where consumers make contactless payments with their cell phones and receive wireless deals as they enter stores. "Unlike existing mobile technologies that are transactional in nature, the mobile wallet truly facilitates mobile commerce," predicts Gloria Colgan, Discover's svp of emerging payments.
January 17 -
DENVER – State regulators last week approved a request from Westerra CU to add 700,000 residents in two new counties, Adams and Douglas to its field of membership.
January 17 -
Target Corp. is seeking a buyer for its $6.7 billion credit card receivables portfolio, but it plans to retain operational control of its card program because of its “deep integration” with the company’s broader retail operations, the company announced last week.
January 17 -
Driven by a lower provision for credit losses, partially offset by lower net revenue, the Card Services unit at JPMorgan Chase & Co. generated fourth-quarter net income of $1.3 billion; it reported a $306 million loss during the same quarter ended Dec. 31 last year, Chase reported Friday.
January 17 -
Up to 5% of banked consumers might be forced to leave the banking system if financial institutions must alter pricing to make up for reductions in debit card interchange, Jamie Dimon, CEO of JPMorgan Chase & Co., told analysts during a conference call to discuss fourth-quarter earnings (see story).
January 14 -
Global Axcess Corp. has completed two acquisitions that will expand its ATM and DVD kiosk businesses, the self-service kiosk provider announced Jan. 14.
January 14
