Cards

Discover Financial Services’ Pulse debit network posted solid gains in the first quarter, but executives say a new rule banning network exclusivity could prove a hurdle going forward.

Issuers of reloadable prepaid debit cards are going after the "banked" crowd.

U.S. Bancorp’s FlexPerks Travel Rewards Visa Signature cardholders can turn unwanted gift cards into FlexPoints through a new partnership the issuer announced March 22 with gift card exchange company Plastic Jungle.

A federal court has rejected civil claims brought by five credit unions and one bank stemming from the massive 2008 data breach at Heartland Payment Systems that exposed millions of cardholders to fraudulent transactions.

Venmo Inc. has lifted the “Invitation Only” sign off of its social mobile-payments application, hoping to expand quickly a person-to-person payment system that already accommodates as much as $10 million in transaction volume per month.

HOUSTON – A federal court has rejected civil claims brought by five credit unions and one bank in the massive 2008 data breach at Heartland Payment Systems that exposed millions of credit union and bank cardholders to fraudulent transactions.

WASHINGTON–Both Democrats and Republicans who opposed the Federal Reserve Board’s cap on debit card interchange fees pledged March 21 to stand with community banks and credit unions that are trying to avoid the price limits.

Credit unions spy an opportunity in small business, an unusual market for usually consumer-focused financial institutions and a segment that comes with a fair share of tech hurdles to clear.

Discover Financial Services is partnering with the operator of Puerto Rico’s ATM and debit network as part of the payment card company’s ongoing effort to increase acceptance abroad by teaming with local networks.

American Express Co. is partnering with Office Depot to offer its prepaid cards at select office supply stores across the country.

Industry debates centering on the eventual U.S. conversion to EMV smart card acceptance at point-of-sale terminals have taken on several layers.

Pakistan’s top competition watchdog has charged the country’s largest shared financial-services network and its member banks with illegally fixing banking and payments-related charges, a month after it conducted raids at the network’s offices.

Prepaid Financial Services Ltd. has two new partnerships to provide prepaid products in the U.S. and Canada.

Citizens Republic Bancorp Inc. is jumping into the prepaid fray.

Stung by the recent skimming scandals that rocked banks in Singapore, the country’s apex monetary authority says it is working with the financial institutions to safeguard their systems and operating capability.

In a move to open the e-commerce market between Taiwan and China, Taipei-based E. Sun Commercial Bank Ltd. has entered into a partnership with Alipay Inc., China’s leading online payment service provider.

One of Thailand’s biggest banks wants the country’s central bank to impose a fee for over-the-counter branch transactions in a push to move the country toward electronic payments.

It sounded like a good idea 10 years ago, but not much makes sense any longer regarding Europe establishing a third card scheme to compete with Visa Inc. and MasterCard Worldwide.

Premier Health Exchange Inc. has formed a business division to deliver electronic payments to health care providers upon settlement of valid and payable medical claims and reconciliation, the provider of health care cost management services announced March 19.

Direct-response merchants, including many that sell products online and through TV infomercials, are reaping tangible benefits from the Durbin amendment that cut their debit card transaction costs.