Cards

Nordstrom Inc.'s credit card czar is joining Visa Inc.

James Gutierrez, founder of microlender Progreso Financiero, is leaving the company to start a firm that will work on cloud-based payments for the unbanked.

In its quest to rise above the fray in alternative payments, Obopay Inc. has identified another financial-services niche ripe for modernization: business-to-consumer payments.

Elga Credit Union recalled about 450 Visa cards and discovered thousands of dollars in fraudulent transactions after being notified by the card company they may have been compromised.

Turns out that ATM actually was a cash machine for a lucky member of CommonWealth One Federal Credit Union in Alexandria, Va., who withdrew $40. He also won the $10,000 grand prize Big Money Madness sweepstakes just by using an Allpoint Network ATM deployed at a 7-Eleven store in Washington, D.C. in December.

U.S. Bank, a subsidiary of U.S. Bancorp, is stepping up its rewards card offer in the highly competitive rewards card landscape.

Tap and pay could just as easily result in tap and steal with contactless cards, a recent investigation in the United Kingdom suggests.

First Data Corp. is giving the name “Universal Commerce” to the company’s campaign to combine online and offline shopping and loyalty rewards.

PSCU, the former PSCU Financial Services, is partnering with the Credit Union Association of New Mexico to offer a reloadable prepaid Visa card for teens, the two groups announced March 27.

ST. PETERSBURG, Fla. – PSCU, the former PSCU Financial Services, is partnering with the CU Association of New Mexico to offer a reloadable prepaid Visa card for teens, the two groups announced this morning.

In a first of its kind partnership aimed at benefiting from the popularity of English soccer in Southeast Asia, an Indonesian bank has signed an agreement with a major club to launch a suite of payment cards.

More than 500 cardholders may have lost money in an ATM-skimming scam at ANZ Banking Group’s local subsidiary in New Zealand over the past month, according to local media reports.

Unobtrusive until now, a set of unrelated security requirements is about to become pretty unpopular, and costly.

India is working to widen the scope of its landmark Kisan credit card by making the product usable as a financial-inclusion tool in addition to its original purpose as a credit tool for farmers.

Sussex County Federal Credit Union is the first U.S. financial institution to install NCR’s new virtual teller ATMs, Aptra Interactive Teller, which gives members the choice of either self-service or an interactive, live audio and visual experience, NCR announced March 26.

First Community Federal Credit Union’s “Skip the Fee–Swipe for Free” debit card program resulted in $172,500 in debit-fee give-backs and prizes to members, including a $5,000 grand prize.

Life at Fiserv Inc., it seems, is good. And others increasingly are reaping the rewards.

Building on its earlier acquisition of alternative payments platform eBillme, The Western Union Co. has announced a payment product that broadens its appeal beyond its traditionally unbanked consumer base.

A new program offered by Sioux Empire Federal Credit union gives savers the ability to put extra change away from debit card purchases by rounding up transactions to the nearest dollar and adding the difference to the member’s savings account.

To make a successful digital payments product, American Express Co. is shedding a lot of tradition.