Cards

Healthy global transaction-volume growth pushed Visa Inc.’s net income for final quarter of 2011 to more than $1 billion, the card brand announced Feb. 8.

Continued growth in Wright Express Corp.’s fleet and payroll card businesses and in its operations in North America and Australia helped fuel double-digit fourth-quarter growth for the fleet card company.

Bankcard customers that earn a free TV through Fiserv Inc.’s UChoose Rewards program no longer have to wait days for delivery. Now they can drive to a local Best Buy Co. Inc. store and pick it up minutes after redeeming the award.

Western Union Co. is counting on growth from new online and mobile channels this year to help offset the effects of rising competition and European economic turmoil.

Long a private-sector bastion, India’s point-of-sale payments infrastructure soon should receive an unexpected and big boost from public-sector banks seeking to boost their fee revenue.

This story has been revised from its original version.

Randolph-Brooks Federal Credit Union say it will pay members more than $6.6 million in debit card cash back later this month.

India’s top payments authority says it plans to launch chip-and-PIN RuPay debit cards in the country by March 25 as part of expanding the card brand’s reach. The product also will include point-of-sale acceptance; earlier versions were usable only at ATMs.

NCR Corp. got a big fourth quarter push from surprisingly high demand for new ATMs from midsize regional banks, but ATM demand in Europe stalled.

LIVE OAK, Texas – Randolph-Brooks FCU is paying members more than $6.6 million in debit card cash back later this month.

Coordinated cyberattacks against financial institutions are not likely to disappear anytime soon, but a recent surge unfolding in Brazil should heighten payments industry security awareness in light of the country’s growing electronic-payments market.

Navigant Credit Union has chosen Fiserv Inc.’s Acumen account processing service with ASP delivery.

NCR Corp.'s revenue rose 17% in the fourth quarter to $1.64 billion from $1.4 billion a year earlier, with financial services revenue rising 16% to $908 million from $785 million.

MoneyGram International Inc. once again produced strong revenue growth during the fourth quarter fueled by introducing funds-transfer services to developing nations. But costs associated with retiring debt and restructuring the company to become more competitive cut deeply into its profits during the quarter.

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

Datacard Group has made an investment in DeviceFidelity Inc., the maker of instant card-issuance technology announced Feb. 6.

The Durbin amendment to the Dodd-Frank law has sapped debit card revenue, but swipe fees are contributing a growing share of earnings at large credit card businesses.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

JPMorgan Chase & Co has come to a tentative agreement to pay $110 million to settle an overdraft fee class action, according to papers filed in federal court on Feb. 3.

More credit unions are turning to a prepaid card to help in their drive to solicit business from Hispanic consumers.