Cards

When Discover Financial Services last week announced its EMV smart card conversion timetable for the United States, it again stoked debate over whether card networks and issuers should embrace the chip-and-PIN or chip-and-signature formats.

Through its MyCFE4Schools debit card partnership program, CFE Federal Credit Union, formerly known as Central Florida Educators Credit Union, recently donated $90,000 to the Orange, Seminole and Osceola County school boards to support funding of school programs.

The Nigerian Postal Service, also known as NIPOST, has entered into an arrangement with the Central Bank of Nigeria to promote mobile banking.

In a first for India’s mutual fund market, Quantum Mutual Fund is supporting prepaid cards as an option for its investors for use when buying mutual fund units, Quantum Asset Management Co. Pvt. Ltd. announced earlier this month.

How often U.S. consumers use their debit cards to shop each month increased last year, as did how much they bought, new survey data show.

NEW YORK – CUNA and NAFCU joined a broad coalition of card issuers this morning in a brief opposing a lawsuit filed by merchants claiming the Federal Reserve did not go far enough in capping fees on debit transactions last year.

WASHINGTON–Consumer advocates on March 14 called for tighter regulation of the rapidly growing market for prepaid cards, arguing during a Senate hearing that too often the cards come with hard-to-understand fees that hurt their predominantly poor users.

With new funding from an equity sale, Encash expects to expand its network to cover more areas in the Philippines, the country’s first nonbank ATM deployer announced March 12.

BOCA RATON, FLA.–SunTrust Banks Inc. plans to unveil digital deposit technology by this fall as part of its efforts to upgrade the systems its checking customers use, according to an executive from the financial institution.

Until the mid 1980s, most fraud went undiagnosed or misreported. The debate today seems to be whether the increasing digital landscape ends up increasing or decreasing fraud overall.

Continuing a payment trend fairly common in European markets, Siemens AG plans to establish a closed-loop prepaid card system for its staff members and guests to use when dining in the entertainment organization’s restaurants in Germany.

The window of opportunity to get away with questionable fees on reloadable prepaid cards may be narrowing.

BOCA RATON, Fla.–Once called a “smart, biting and unreconstructed libertarian Republican,” William Cooper, TCF Financial chairman and chief executive, actually has a few kind words for the Consumer Financial Protection Bureau.

The tide continues to shift in favor of the payments industry in the United Kingdom’s battle against card fraud.

A deal announced last week with Discover Financial Services would help expand use and acceptance of RuPay among residents of India's urban communities, officials from the National Payments Corp. of India tells PaymentsSource.

The Bancorp Inc. has begun issuing a cobranded PayPal debit MasterCard, the financial institution announced March 12.

Bancorp Bank of Wilmington, Del., has agreed to issue prepaid cards for Swift Prepaid Solutions, the issuer announced March 12.

Residents of India living below the poverty line soon may receive their government pensions and minimum wages via micro ATMs they would access using their Aadhaar identification numbers.

SafetyPay wants consumers booking trips online to have the option to pay with cash.

To create a mobile-banking offering that can compete with banks or the likes of Google Inc., the prepaid card marketer Green Dot Corp. is purchasing the location-based deals company Loopt Inc.