Cards

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.

A federal judge in Detroit last week gave preliminary approval to a class-action lawsuit claiming AAC Community Credit Union failed to disclose the fees charged to nonmember users of its ATM, an action brought by a prolific local retiree who has traveled the country to file such suits under the Electronic Funds Transfer Act.

The Mumbai Metropolitan Region Development Authority plans soon to launch the National Common Mobility Card that will enable commuters in Mumbai to access various public-transport platforms across the city.

The Kindle Fire isn't as capable as Apple Inc.’s iPad, and it isn't as connected as a smartphone. But its mix of price and features makes it well suited to serve the underbanked.

In a sign of third-party payments market consolidation in India, the owner of TimesofMoney reportedly plans to sell one of the country’s most widely used remittance service providers to a multinational company.