Cards

In the interval before the U.S. broadly adopts the EMV chip card standard or devises more-secure online card-payment technologies, certain vendors are hoping to make some hay.

Calling it a first quarter that “fell in line with expectations” and was helped by growth in electronic payments, Western Union Co. reported $247.3 million in first-quarter net income, up 17% from $210.2 million a year earlier.

Two more credit unions have settled ATM suits brought by a local retiree who has filed almost 40 suits against credit unions and banks under the Electronic Funds Transfer Act.

India appears to be on a parallel course with that of the U.S. in terms of merchant complaints over the fees applied to debit and credit card transactions, only it’s about 16 years behind.

Prepaid cardholders increasingly are being targeted for mobile-payment applications that allow money management and payment services similar to a traditional bank account.

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

Denali Alaskan Federal Credit Union has agreed to buy 48 Diebold Opteva ATMs to replace older models, the ATM maker announced April 21.

Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.

New Jersey merchants are worried they might lose millions of dollars annually in the "sales lift" gift cards add to their bottom lines because of a new state law affecting gift card availability.

Bank customers generally have positive experiences at branches and ATMs, new survey data suggest.

Driven by increased business from U.S. regional banks, NCR Corp.’s first-quarter profits more than doubled from a year ago, the ATM maker reported April 19.

LAS VEGAS–Independent sales organizations face internal and external threats that could put most of them out of business in the next few years, speakers said here April 18 at the Electronic Transactions Association Annual Meeting & Expo.

Denali Alaskan Federal Credit Union plans to replace its fleet of 48 ATMs with Diebold Inc.’s Opteva advanced-technology machines, the Anchorage-based financial institution announced April 19.

Debit card interchange-rate reductions that took effect Oct. 1 triggered a big reduction in Fifth Third Bancorp’s first-quarter card and processing revenue compared with the same period last year, the company reported April 19.

American Express Co., InComm and other prepaid card marketers are in discussions with New Jersey officials and lawmakers that could bring an end to a situation that caused the removal of certain prepaid cards from retailers' shelves in that state.

Within a couple of months, MasterCard Worldwide expects its cardholders to have easy access to daily coupons from merchants.

New students at North Carolina State University will receive campus identification cards this year that for the first time will double as prepaid MasterCards.

In what may start of a new spate of consumer lawsuits against credit unions, a member of Los Angeles' Xceed Financial Federal Credit Union is claiming the financial institution engaged in deceptive and unfair practices by re-sequencing his debit transactions to create overdrafts in his accounts.

Despite new rules and legislation that have cut into certain revenue streams, credit and debit cards are showing some positive trends at U.S. Bancorp.