Technology

Hoping to appeal to small merchants looking for a means to process payment card transactions through mobile devices, Impact PaySystem LLC has begun offering a card-swipe device from iPhoneSwiper, initially for free, the companies announced March 5.

Five cooperative banks in India have joined India’s national ATM network, enabling their customers to access more than 67,000 ATMs in the country, their technology provider InfrasoftTech Pvt. Ltd announced in February.

The Restaurant Association of Maryland, a 2,000-member trade association, has chosen payment processor Heartland Payment Systems Inc. as its exclusive endorsed payment services provider, Heartland announced March 9.

Executives at Global Cash Access Holdings Inc. are seeing positive signs ahead, particularly in international markets, but revenue continued to decline in the fourth quarter of 2010.

WASHINGTON – A bipartisan group of Senators is planning to introduce a bill as soon as next week that would delay implementation of the controversial Federal Reserve rule to cap fees on debit transactions for two years while the Fed studies the issue.

ORLANDO, Fla. — As the infrastructure to support digital gifting continues to increase, why does plastic still heavily dominate the industry?

WASHINGTON – Big Box retailers Target, Wal-Mart, SuperValu and Costco are urging the Federal Reserve to proceed with its bid to curb debit fees, insisting they will pass on billions of dollars in reduced charges to consumers.

The banking industry’s fraud-protection initiatives are having an effect in the United Kingdom, as fraud losses related to payment cards, checks and online banking decreased last year, according to recent research by the UK Payments Council.

ORLANDO, Fla. — The general consensus among attendees here at the Prepaid Card Expo is that, while the industry continues to experience growth, potential state and federal government regulations are casting a storm cloud over the sector.

Consumers shed $4.2 billion in credit card debt in January, erasing the previous month’s uptick that likely was caused by relatively robust holiday credit card spending, according to data the Federal Reserve Board released March 7.