Cards

Indian banks have seen incidents of ATM-skimming rise substantially over the past month, even as they have scrambled to warn their cardholders and increase their safety measures.

NetSpend Corp. on Feb. 16 posted solid fourth-quarter results as the prepaid card company bulked up its retail and banking partnerships and weathered increased scrutiny of its industry.

A former lead teller for West-Aircomm Federal Credit Union on Feb. 16 was sentenced to two years and three months in prison for making false entries in a bank record in relation to a two-year string of transactions in which she stole $400,000 in cash from the credit union’s ATMs.

Ongoing economic turmoil in Europe has hit the card networks unevenly so far.

The top competition watchdog in Pakistan has moved against the country’s apex association of banks over suspicions that its was providing a platform for its members to collude on fixing ATM cash withdrawal fees.

Is the competitive pressure from alternative payment rivals getting to Visa Inc. execs?

The article contains text correcting an error in the original version.

A judge has approved Bank of Hawaii Corp.'s deal to pay $9 million to settle a class action involving overdraft fees.

PayPal Inc., with 106.3 million active users, clearly has no trouble signing up consumer accounts. But it is now partnering with banks to sign up even more.

Betting on simplicity over razzle-dazzle digital-wallet features, Buck Inc. is making headway with a mobile e-commerce payment technology it claims goes a long way toward accomplishing what many mobile wallets aim to do.

Industry analysts have called 2012 a possible “breakthrough year” in the payments industry for Near Field Communication technology.

India’s central bank has agreed to the demands of banks to allow companies to set up third-party networks to increase ATM deployments in India.

As the newest member of the InComm Inc. family, Medagate Corp. hopes to reach more retailers and expand its restricted-spend prepaid card platform beyond health care and into everyday products.

PayPal Inc. is spreading its wings even further into the prepaid card market at a time when more underbanked consumers are viewing such products as being favorable to using cash.

The emergence of several new prepaid debit card programs and growing national distribution of major prepaid card brands is helping to generate marketplace interest in buying and selling prepaid card portfolios.

ALBUQUERQUE, N.M. – First Financial CU says it is phasing out its traditional ATM cards in favor of debit/credit cards, one of the fall-outs of the Durbin amendment to the Dodd-Frank bill.

Many small banks have never accepted that an exemption from the Durbin amendment will protect them from the measure's roughly 50% cut in debit interchange rates.

Gift card exchange firm Plastic Jungle Inc. hopes to boost transaction speed and available options through a partnership with prepaid products marketer InComm Inc.

Diebold Inc. is looking to cut out its competitors at banks where it provides ATM services.

InComm Inc. has acquired health care benefits services company Medagate Corp., the prepaid card distributor announced Feb. 13.