Cards

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

BillMyParents, which provides a prepaid card for teens, announced that it has appointed William Hernandez as its president.

A prepaid card has traditionally been the financial equivalent of a short-term romance. Good enough for now, but certainly not something to plan your future around.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

SOUTH BEND, Ind. – Notre Dame FCU has contracted with CardFellow LLC of Cromwell, Conn., for card processing for commercial members.

Transact24 wants to get its various Visa prepaid card products into the hands of more businesses and consumers by expanding its reach with issuing banks in the United Kingdom through a partnership with CashFlows.

Visa is launching a new data security system, called the Visa Consumer Authentication Service, for issuers to use for online transactions.

M&T Bank is offering customers custom check card designs for a $7.95 fee.

JPMorgan Chase plans to offer instantly issued debit cards in 2,000 branches, primarily in in New York, Chicago and Los Angeles, by the end of the year.

At the heart of many mobile wallets is a system for offering discounts, so these wallets seemed a natural fit for Black Friday shopping. Did they live up to their potential?

First Data and Fexco Merchant Services, an Irish-based transaction processor, have expanded First Data's GlobalChoice dynamic currency conversion into Canada.

WYOMISSING, Penn.--Utilities Employees Credit Union, a virtual credit union serving the U.S. utility and energy industry nationally, has rolled out a new product for members who have had difficulty obtaining a checking account at other institutions.

CO-OP Financial Services has released a white paper that focuses on definitions P2P/digital wallets and enabling technologies, a review of key industry developments, and CO-OP's own recommendations for credit unions considering P2P/digital wallets adoption.

WESTBURY, N.Y.--NEFCU here has introduced a new VISA platinum card that will offer a 1% cash rebate to the READ foundation, which funds programs and capital projects within the Roslyn School District.

Guitar Center added a new payments instrument at the point of sale, integrating PayPal via middleware provider AJB Software Design Inc.

Visa and Vodafone Australia are launching the SmartPass mobile wallet, which lets consumers with Near Field Communication-equipped phones make payments through a virtual Visa prepaid card.

The National Advertising Division, a 10-person shop that's based in New York, investigates allegations that companies are engaging in deceptive marketing, often after a competitor lodges a complaint. Just last week, the organization released its ruling in a big-money dispute between JPMorgan Chase and Capital One Financial.

TransCard has formed a partnership with DeviceFidelity’s Moneto payments service to provide its bank clients the ability to create their own mobile wallets.

Revel Systems is now delivering its iPad-based point-of-sale products into larger retail settings — and intends to make a push for equipping major retailers early next year.

When Total System Services Inc. closes its deal in the next month to acquire ProPay and its various payments services, the payment processor will have a new "Square-like" look and feel to ramp up its merchant acquiring business.