Cards

Wright Express Corp. bolstered its prepaid-travel products presence in the United Kingdom by purchasing CorporatePay Ltd., a provider of virtual and actual prepaid cards and other travel-industry expense-management products.

Some 15 years after the first EMV chip cards appeared, less than half of all payment cards worldwide conform to the EMV chip card standard, underscoring the slow, gradual speed EMV card deployments generally require.

Bangladesh's ATM penetration is less than one-tenth the world average, but a new partnership between Wincor Nixdorf and ITC Ltd. is helping to address the gap by rolling out new machines in underserved areas of the country.

Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country's largest bank.

ORLANDO–If the annual Card Forum and Expo staged here last week were a car on a family trip, attendees played the roles of restless kids in the backseat asking, “Are we there yet?”

ORLANDO–Some banks are still finding ways to offer incentives for every card swipe, even if traditional debit rewards programs are dead in the water, says the head of Sovereign Bank’s cards and payments division.

ORLANDO–Credit and debit sales volumes have been crisscrossing over the past 17 months, but without an obvious explanation.

PORTSMOUTH — Service CU has introduced a new online rewards program for debit card use, called Purchase Rewards, as part of its new online banking redesign.

ROCKY HILL, Conn. – Nutmeg State FCU has contracted with The Members Group to process its credit, debit and ATM card transactions.

PORTLAND, Ore. – OnPoint Community CU tolled out a Platinum Cash Rebate Visa Credit Card that offers a 1% cash rebate on all new purchases and 3% cash rebate for the first six months at eligible gas, grocery and drug stores.

Transaction aggregation eventually could save the vending-machine industry from the ravages of the Durbin amendment to the Dodd-Frank Act, according to one processor of electronic payments from vending machines.

ORLANDO — Don't call MasterCard a one-trick pony, says chief product officer Timothy Murphy.

ORLANDO — Banks eyeing growth opportunities in prepaid cards could get a big boost from the development of remote deposit capture technology for the general purpose reloadable card market, industry experts contend.

American Express Co. has found a novel way to reach college students with prepaid cards--through books.

ORLANDO — Some banks are missing out on a large opportunity to offer prepaid cards to potential customers who don't qualify for traditional checking accounts, according to data from prepaid specialist The Bancorp Inc.

JPMorgan Chase & Co. is marketing its new prepaid card, Liquid, as an alternative to a bank account, but its underlying terms make clear that it's more of a complement to one.

ORLANDO — Large banks face some significant challenges in reaching low- or moderate-income consumers with prepaid cards, according to payments expert Tim Sloane.

JPMorgan Chase & Co. is testing a new prepaid card with several incentives designed to connect customers to a bank account.

Dwolla Corp. is turning up the volume on its service touting quicker, lower-cost funds-transfers.

The Western Union Co. wants to serve small-business owners that have international partners with its new business-payments wallet, the company announced May 7.