Cards

TCF Financial Corp. in Wayzata, Minn., which last year withdrew a lawsuit challenging a law limiting interchange fees, posted an off quarter it attributed to decreases in fee income.

NetSpend has entered into a distribution agreement to sell its Visa prepaid cards at 5,000 7-Eleven locations in the U.S., the provider of general-purpose reloadable prepaid debit cards and related financial services announced Jan. 25.

Green Dot Corp. has purchased some assets of eCommLink, allowing it to move its processing in-house, the Prepaid card marketer said Jan. 24.

UniRush LLC plans to lower the fees on its reloadable prepaid cards.

Taxpayer refund checks are becoming extinct in certain states as the government-issued prepaid card phenomenon spreads to new categories.

Domestic users of SolidTrust Pay Ltd.’s funds-transfer scheme have few options for accessing and using their account funds. Essentially it’s limited to email exchanges.

Eyeing the growing Asian online retail market, Hong Kong-based online and mobile-payment services provider AsiaPay Ltd. has launched a debit-based payment service for the Asia Pacific region.

One scene rang particularly true in the recent episode of CBS's The Good Wife about the digital alternative currency Bitcoin.

The carve-out exempting smaller banks from new debit-interchange price caps seems to be working, enabling certain issuers with less than $10 billion in assets to launch rewards initiatives just as larger banks generally have been shutting theirs down.

The Philippines provides a perfect target market for a prepaid card when considering many of its nearly 100 million residents do not engage in traditional bank services, and only an estimated 7.5 million carry credit cards and 31 million have debit cards.

Bank of the West is on the brink of settling a lawsuit targeting its overdraft fee practices, making it the 10th bank to buy its way out of a massive Florida class action case.

Thailand’s Bank Co. Ltd. has launched the country’s first Visa-branded prepaid gift card with the hope of attracting new, young customers ahead of the Chinese New Year, which begins Jan. 23.

Scott Lang wants folks using NACHA's automated clearinghouse network to watch their language, particularly when discussing the actual service.

Fifth Third Bancorp plans to stay the course in its decision to be deliberate in how it deals with reductions in debit card interchange revenue stemming from a rate reduction that took effect last fall under a mandate from the Durbin amendment to the Dodd-Frank Act.

A New York man has filed a new string of ATM-disclosure suits, just as credit unions appear to be getting their hands around another broad swath of suits brought by two Michigan retirees.

Orange County Public Schools says it has earned about $100,000 in dividends from a 3-year-old debit card “MyCFE4Schools” affinity program it has with Central Florida Educators Credit Union.

City Bank is upgrading its mobile-banking capabilities to compete with larger banks, always a concern for smaller institutions. At the same time, the $1.9 billion-asset bank, which serves a region surrounding Lubbock, Texas, also is experimenting with security applications for mobile devices that shield non-mobile channels.

Growth in loans, strong purchase volumes and stable margins helped Capital One Financial Corp.’s Credit Card unit to generate 2% fourth quarter revenue growth, to $2.59 billion from $2.54 billion during the same period in 2010. The unit’s profit, however, dropped 39.8%, to $353 million from $586 million.

New debit card interchange rules unfolded during the last quarter of a year already plagued by a sluggish economy, making it difficult for Bank of America Corp.’s Card Services unit to deliver positive fourth-quarter earnings.

With Visa debit card spending for online purchases reaching new heights in Europe and the United Kingdom, the timing appears right for consumers to tie those cards to mobile payments.