Technology

When the financial-services industry came together this year to oppose the Durbin amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, retail ATM deployers were ready to do their part with the help of the ATM U.S. Defense Fund.

The news that Isis is seeking to expand its model by working with traditional card systems reveals the importance of wide cooperation in developing an NFC payments ecosystem.

Prepaid debit cards related to unemployment benefits are back in the spotlight with a consumer group criticizing what it believes are unnecessary and undisclosed card costs.

The question of whether an exemption for banks with less than $10 billion in assets is sufficient protection from the Federal Reserve Board’s proposed new rules for debit-interchange pricing loomed larger than ever during a May 12 Senate Banking Committee hearing during which a lawmaker grilled the nation’s top two banking regulators.

WASHINGTON – Federal Reserve Chairman Ben Bernanke told Senators this morning he is doubtful whether the Fed can develop a rule adequately protecting credit unions and small banks from the cuts in debit fees mandated for the biggest banks.

SAN DIEGO–No one has brandished a crystal ball, but payment-terminal makers here this week at the ETA Annual Meeting & Expo still have had plenty to say about the future.

With sales of mobile devices outpacing their distribution of debit and credit cards, banks in some countries are looking at new ways consumers may access cash at ATMs.

SAN DIEGO–A future fraught with change is coming into focus, with electronic messages replacing merchants’ ads in the local Gazette, mobile payments proliferating and even the smallest retailers getting an affordable opportunity to link the point of sale to inventory replenishment.

SAN DIEGO–No one has brandished a crystal ball, but payment-terminal makers here this week at the ETA Annual Meeting & Expo still have had plenty to say about the future.

Total System Services Inc.’s TSYS Acquiring Solutions subsidiary has signed an agreement to provide security services on its platform for Caledon Card Services.