Cards

A unit of The Bancorp Inc. of Wilmington, Del., is working with PayPal Inc. to offer electronic person-to-person payments through its affinity relationships.

BALTIMORE–The Durbin amendment to the Dodd-Frank law so far has had a positive effect on MasterCard Worldwide’s debit card market share, according to a top executive for the network.

Co-op Financial Services is testing a two-way video service on its network using ATMs from Diebold Inc., the companies announced May 1.

Growth in tax refunds deposited into prepaid card accounts plus a mild winter across most of the country helped bolster Cardtronics Inc.’s first-quarter earnings, the company announced April 30.

BALTIMORE–Two large merchants here at NACHA’s Payments 2012 conference expressed decidedly negative views toward the U.S. path to EMV chip card adoption.

In the wake of its Loopt acquisition, Green Dot Corp. is considering licensing its technology unit's geolocation patents to retailers and financial services companies.

WASHINGTON–The Consumer Financial Protection Bureau has extended the comment period until June 29 for its public inquiry into overdraft practices.

Self-Help Credit Union of Durham, N.C., has signed with EasCorp Federal Credit Union’s Vertifi to offer the credit union service organization’s DeposZip mobile remote deposit capture service.

PIN-debit networks, wary of how U.S. adoption of the EMV chip-card standard may affect their operations, are taking action.

Texas Trust Credit Union is helping school districts and making itself more money with each swipe of its Spirit Debit Reward card.

Buoyed by growth in the number of active cards, Green Dot Corp. reported first-quarter earnings of $17.1 million, up 35% from the same period a year earlier.

Western Union Co. plans to use its prepaid cardholders' transaction data to offer discounts on funds transfers and bill payments.

A Michigan retiree who has filed dozens of lawsuits over ATM fee-disclosure violations during the past three years has joined a new flurry of suits against credit unions and banks just as Congress is taking up a potential solution to the mounting litigation.

About $9.4 million in combined legal and restructuring costs, plus another $3.5 million in stock-based compensation, affected MoneyGram International Inc.’s profitability, as first-quarter earnings dropped 26.4%, to $10.3 million from $14 million a year earlier, the company reported April 26.

This article has been updated from its original version.

More agreements, more products and more locations helped drive double-digit first-quarter revenue and transaction growth across all of Euronet Worldwide Inc.’s operating units, the electronic funds transfer processor reported April 25.

Citizens Financial Corp has agreed to pay $137.5 million to end a class-action lawsuit over its overdraft fees.

In its first steps to introduce retail-finance products, India’s Muthoot Vehicle and Asset Finance Ltd. has signed an agreement with Axis Bank Ltd. to launch Muthoot-branded prepaid cards.

Growth in its North America and Asia-Pacific businesses helped Diebold Inc. to report a sizable increase in first-quarter net income.

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