Cards

Green Dot Corp. has agreed to buy location-based deals company Loopt Inc., the prepaid card marketer announced March 9.

The prepaid card industry has come a long way since the turn of the century, far enough to be included in tighter government regulation.

The Electronic Transactions Association is urging Visa Inc. to postpone the April 1 starting date for the new Fixed Acquirer Network Fee.

Discover Financial Services is partnering with the National Payments Corp. of India, part of the company’s ongoing effort to increase card acceptance abroad by teaming with local networks.

LAS VEGAS–The U.S. may look like a ripe field of opportunity to some international vendors of EMV card technology and related services as the world’s largest remaining magnetic stripe card market slowly begins a five-year conversion to chip technology.

First Basin Credit Union has agreed to pay an Arizona man cash to settle civil charges stemming from the absence of a fee disclosure outside its ATM, the 12th credit union or bank agreeing to settle with the so-called ATM vigilante.

Wells Fargo & Co. has struck a deal to expand its remittance network with former Western Union Co. partner Banco Azteca, S.A. de C.V., a Mexico City-based financial services company owned by Grupo Elektra.

The high cost and reduced traffic of branches as well as the ever-increasing level of consumer comfort with automated service has many people reconsidering the humble ATM, in some cases turning it into a portal to remote branch staff.

Building on its landmark partnership with the Ohio State University, Huntington Bancshares Inc. is launching a service on campus this week that will allow students to access their bank accounts with their school identification cards.

First California Financial Group Inc. in Westlake Village, Calif., is partnering with another company to provide tax refunds in prepaid card accounts.

When something is amiss at a location relying on tight security, officials often immediately implement a systems “lock down.” Imagine the same scenario on a merchant’s payment system, and one can start to understand how PaySecure software works.

LAS VEGAS–The relatively late timing of the U.S. move to adopt the EMV smart card technology means it could dodge some of the headaches other countries experienced in shifting to EMV.

LAS VEGAS–Brace for more merchants to begin developing proprietary digital wallets at the same time they announce their participation in broader wallet schemes.

Merrill Halpern received an “unexpected benefit” when traveling recently in Europe without an EMV smart card in his wallet. He got a free cup of coffee from a coffee shop employee who felt sorry for him because she couldn’t initiate the transaction on her terminal with just Halpern’s signature.

Veritec Inc. is the latest company to offer a debit card with an "off" switch.

The top South Korean financial-services regulator has a hit a roadblock in its process of phasing out the magnetic stripe in credit cards and replacing it with a smart chip.

Targeting India’s emerging affluent consumers, Citibank India Pvt. Ltd.’s announced March 5 a new banking package it expects to help it increase business in the rapidly growing market.

This story has been updated from its original version.

American Express Co. reportedly is testing the sale of prepaid cards in some Wal-Mart stores.

WASHINGTON–The American Bankers Association on March 5 unveiled a task force to develop strategies to ensure an efficient payments market.