Cards

MasterCard Inc. has completed its acquisition of Pinpoint Pty. Ltd., an Australia-based loyalty and rewards service provider.

The telco is offering Payleven's hardware to enable its small-business customers to comply with an Italian mandate to cut back on cash use.

Sweden's Seamless has entered into an agreement with InComm that will enable the Atlanta, Ga.-based company to offer digitized versions of reloadable closed-loop cards.

In SaveUp's first foray into the payments industry, the financial management provider is linking its reward program to PayPal's prepaid MasterCard to attract younger consumers.

Payment Alliance International has a deal with OnPoint Community Credit Union to apply OnPoint's branding to automated teller machines at all 72 Rite Aid pharmacies in Oregon.

The ATM maker Diebold is buying encryption technology company Cryptera to enhance its portfolio in automated teller machine security.

Nearly 20% of consumers worldwide lack confidence that their banks can protect them from payment card fraud, yet nearly half do things that potentially expose them to fraud, new research says.

First Data is under pressure on a several fronts. While tasked with easing its debt, the Atlanta-based processor is also responding to the many disruptions brought by mobile technology and other innovations.

When people pay to use transportation, they're generating substantial data that's not being used to its full potential, says Phil Silver, director of business development for Urban Insights.

Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.

Green Dot has hired former American Express executive Thien Truong as senior vice president of business development and sales.

Walmart is testing a program that uses its mobile app, website and tracking technology to give back to customers who paid too much for something at the Bentonville, Ark.-based retailer.

SpendSmart Payments Co. is changing its name to SpendSmart Networks. This is the fourth time the prepaid provider has rebranded in five years.

KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, led a $3.5 billion private placement for First Data Corp. to help the payment processor it acquired in 2007 repay debt and strengthen its balance sheet.

Allpoint, the global surcharge-free ATM network operated by Cardtronics, will begin to accept check and cash deposits at more than 2,500 U.S. locations by the end of 2014.

An issuer's decision to deploy EMV chip-and-signature credit cards in the U.S., rather than the chip-and-PIN model common in other countries, has as much to do with technology constraints as it does with Americans' reluctance to using a PIN.

Television financial advisor Suze Orman's prepaid debit card will be discontinued, according to a report in The New York Times.

Corporate payment provider WEX has entered into an agreement to acquire Evolution1 for $532.5 million in cash.

Payment processor Vantiv Inc. now offers EMV testing software for U.S. merchants to use to validate the steps of their acceptance of chip-based payment cards.

The Delaware bank, which issues cards for a wide swath of the prepaid industry, will have to curtail its growth as part of an agreement with the FDIC.