Cards

Another suspect on April 9 pleaded guilty to an interstate ATM-skimming conspiracy that stole payment card data from customers and members of 11 banks and credit unions, including American Eagle Federal Credit Union, and created counterfeit cards to steal more than $335,000.

At least one vending machine payment-processing company has cut off acceptance of debit MasterCards because of new debit card interchange rates that resulted from the Durbin amendment.

India’s postal agency is one step closer to installing its own ATMs as part of an attempt to make use of its reach and huge deposit base and become a larger financial-services player.

A federal court in Harrisburg, Penn., earlier this month dismissed a lawsuit alleging Pennsylvania State Employees Credit Union violated provisions of the Electronic Funds Transfer Act after the credit union produced evidence suggesting that someone had removed the legally required notice affixed to an ATM disclosing the fees to be charged to nonmember users of the cash machine.

InComm, following a similar move by American Express Co., plans to stop selling gift cards in retail stores in New Jersey.

Travelers visiting Thailand may take advantage of a new prepaid Visa card providing visitors with discounts at local tourist and shopping locations, the Tourism Authority of Thailand announced Apr. 2.

Bump wants to bring its own touch to person-to-person mobile payment technology.

BillMyParents Inc. made a strong course correction when it chose to abandon its inventive online parent-billing payment system for a more conventional product: plastic cards.

The journey to align U.S. payments processing security standards with those in most of the rest of the world has all the appearances of progress: "inevitable" is the word most often heard in connection to EMV chip card, and MasterCard and Visa have set what seem to be migration deadlines.

Even the most rudimentary mobile functions, such as account alerts, have tripped up many banks, not because of the quality of the data or the technology but because the text didn't fit the mobile device's screen.

Global Payments Inc.’s massive data breach underscores the need for the U.S. to embrace the EMV standard without delay, at least one chip card proponent contends.

Cardtronics Inc. has entered into a series of agreements intended to stabilize the interest rates it pays on the $1.3 billion in constant vault cash it rents to stock the ATMs it owns.

Yodlee Inc. has added money movement and risk mitigation capabilities to its personal financial management system.

American Express Co. has begun removing its nonreloadable prepaid gift cards from shelves in New Jersey because of a law that requires retailers to collect ZIP codes from purchasers at the point of sale.

Green Dot Corp. has completed its acquisition of location-based deals company Loopt, the prepaid card marketer announced April 4.

Two weeks before bitterly contested regulations regarding its debit cards went into effect in the fall, MasterCard Worldwide threw a party in New York. The company wanted to trumpet its commitment to the newest technology in payments, including a role in the about-to-launch Google Wallet, which lets a handful of eligible consumers buy chewing gum or bottled water by waving their smartphones around. Executives at the event were determinedly festive.

The growing appeal of reloadable prepaid debit cards may have more to do with controlling household budgets than an inability to get a bank account.

Google Inc. has acquired prepaid card processor TxVia, the companies announced April 2.

Celebrity-endorsed prepaid cards have become formidable rivals to banks, and it's not just because of their star power. Behind every big celeb is a seasoned banker.

Heartland Payment Systems Inc. is launching three smartphone applications for college campus cards, the Princeton, N.J.-based merchant processor announced April 2.