Cards

ST. PETERSBURG, Fla. – PSCU Financial Services has expanded its CURewards program by adding a new merchant-funded online shopping function called CURwards Mall, in time for holiday shopping season.

LAS VEGAS–It may be too early to tally the numbers from new, lower debit-interchange rates that took effect Oct. 1, but three of the nation’s largest merchants already are sending signals that the new debit-pricing structure is unlikely to boost their bottom lines.

Intuit Inc. has secured another partnership with a telecommunication company to sell its GoPayment software application and card reader.

LAS VEGAS–The debit card is dead. Long live the debit card.

India's postal service’s plans to set up ATMs at its post offices to cater to customers with savings accounts reportedly will not secure approval from the Reserve Bank of India, the country’s banking regulator.

Dubai International Airport plans to offer airline passengers entering Dubai in the United Arab Emirates a MasterCard-branded prepaid card to use to shop and pay for services and goods while at the airport and in the city, it announced Nov 2.

The global point-of-sale payment terminal market is enjoying a technology boom as manufacturers peering just over the horizon see rampant demand for in-store devices that can accommodate both contactless payments and card transactions authenticated by EMV chip-and-PIN security protocols.

PayPal Inc., a pioneer in alternative online payments, is seeking to stake a new claim in the burgeoning and increasingly congested mobile-payments space, and what sets it apart may be an acquisition that occurred three years ago.

LAS VEGAS–Will mobile phones replace plastic payments cards?

The prepaid card company, which has struggled to grow since it went public in October 2010, on Nov. 3 posted largely solid third-quarter results.

Doxo Inc. has taken a significant step in its mission to remove paper from the bill-paying process by securing AT&T Inc. as a biller offering doxoPAY electronic payments to its customers, the e-payments provider startup announced Nov. 3.

American Express Co. may build brand stickiness among younger consumers with its new campus prepaid identification card, one analyst contends.

LAS VEGAS–Debit card programs will continue to play a vital role in most large banks’ profit strategies for the foreseeable future, despite new government-mandated debit-interchange rates that have cut deeply into issuers’ debit revenues, executives at several large banks told attendees at the ATM, Debit & Prepaid Forum Nov. 3.

In the latest phase of the transformation of its digital retail delivery strategy, Huntington Bank on Nov. 2 rolled out an iPad app that enables customers to view their accounts and account histories, pay bills, transfer funds, and locate ATMs and branches.

Cardtronics, the nation’s largest operator of ATMs, on Nov. 3 agreed to acquire Mr. Cash ATM Network Inc., an operator of more than 600 ATMs in Canada, to expand its operations to north of the border.

LAS VEGAS–The banking industry has lost the battle against debit interchange regulation several times over, but some executives are still fighting the good fight.

LAS VEGAS–Bank of America Corp. believed customers would appreciate the simplicity and “transparency” of its move to introduce a $5 monthly debit fee in the same way they responded to its sweeping decision last year to eliminate debit-overdraft protection, a BofA executive told attendees today at the ATM, Debit & Prepaid Forum.

LAS VEGAS–The same criteria financial institutions used to determine a debit network partnership before the Durbin amendment still should apply in its aftermath, network executives agreed here Nov. 2 at SourceMedia’s annual ATM, Debit & Prepaid forum.

In maneuvers that could boost the future outlook of mobile banking and payments, Monitise PLC has received an investment from partner Visa Europe and has strengthened its U.S. operations by acquiring Monitise Americas shares owned by bank technology provider Fidelity National Information Services Inc., or FIS, the London-based mobile payments provider announced Oct. 31.

A glimpse of what some say represents the future of payments has arrived, but thus far only in certain geographic areas. With the Card Case smartphone application from Square Inc., consumers pay simply by saying their names at the point of sale.