Cards

This story has been updated from its original version with additional information.

SAN FRANCISCO–Cash isn't just some crude means used by the unbanked; affluent bank customers use it as well. To encourage spending among banked consumers, PayPal Inc. is expanding the ways consumers can fund their accounts with bills and coins.

Bethpage (N.Y.) Federal Credit Union says an employee accidentally exposed personal information from 86,000 of its members’ Visa debit card accounts on the Internet, the issuer announced June 12.

The personal information of certain merchants may have been exposed in addition to the consumer data breach Global Payments reported in March, the processor said June 12.

Apple Inc.'s failure to include a mobile-payments play in its latest batch of new technology has reignited the discussion of whether Near Field Communication's role in developing a mobile-payments ecosystem has been overhyped.

MidFlorida Credit Union has contracted with Western Union to offer its members global funds-transfer and expedited bill-payment services across its 30 branches, the third $1 billion-plus credit union to sign with Western Union in the past two weeks, MidFlorida announced June 12.

The ATM industry is hopeful of getting relief from one source of its legal troubles as momentum builds to eliminate a law requiring operators to disclose ATM fees on the machines' exteriors via stickers or other signs.

Last week, ATM vendors lashed out over the payment card industry’s “War on Cash” (see story). Are they now retaliating with their own “war on cards?”

NCR Corp. has introduced ATM software that will allow consumers to withdraw cash using their smartphones, the Duluth, Ga.-based vendor announced June 11.

Mobile-payments processor Rev Worldwide is offering merchants in emerging markets a way to accept payments without a bank account.

Just when the U.S. payments industry seemed well aware of liability-shift deadlines and timeframes for equipment upgrades for EMV chip card conversions, along comes a reminder that ATM owners are far from certain about what to do.

The payment card industry’s ongoing battle to displace paper-based payment products such as cash and checks appears to have struck the soft underbelly of at least one industry organization.

Green Dot Corp. is losing its luster with certain Wall Street analysts.

Planet Payment Inc.’s efforts to reduce U.S. merchants’ international charge-back and online card-acceptance costs through a deal to offer a 3-D Secure service from CardinalCommerce Corp. could hinge on consumer participation in the fraud-prevention service.

As many of the nation's largest banks write big checks to settle a massive federal class-action lawsuit involving overdraft fees, BancorpSouth instead has opted for the controversial legal strategy of trying to duck out of the proceedings.

Even as consumer-advocacy groups push for better disclosure of prepaid card fees, most adults remain in the dark about fees for using prepaid debit cards, new survey data suggest.

Signature Systems says its Swift Exchange platform can address a pain point for rewards wallets: rewards are easier for consumers to earn than to spend.

Companies launching reloadable prepaid debit cards now have a general framework to follow to help make their products more consumer-friendly.

Banks are in danger of having their lunch eaten by non-bank purveyors of new technology like the digital wallet, but there are significant opportunities as well, says Peter Kight.

The biometric security company SmartMetric has secured an additional $1 million in funding from investors.