Cards

The recent arrests in New York related to what some have called the biggest counterfeit credit card scheme in U.S. history prompted some observers to suggest that recent actions in the U.S. to adopt chip card technology could put an end to such crimes.

United Solutions Co., a credit union service organization owned by five area credit unions and one former credit union, has agreed to license the card-customization technology owned by Serverside Group.

Genome projects map the relationship between human DNA and musical preferences, so why not that of consumers and their cards?

New caps on debit card interchange fees that took effect Oct. 1 will reduce gross revenues by $4 million this quarter and by $17 million to $19 million per year, according to the chief executive at Associated Banc-Corp in Green Bay, Wis.

Security Service Federal Credit Union has signed with VSoft Corp. to implement the company’s back counter capture and ATM remote deposit capture services to decrease response times and improve employee and member experiences.

Freedom Credit Union last week announced an alternative to new debit fees. The $500-million credit union said it will pay members $5 each month they make a purchase with their debit card.

Eliminating the need for Near Field Communication hardware or computer chips, French electronic transactions provider Tagattitude is using digital sounds at the point of sale to accommodate mobile payments without storing card data in smartphones, the company announced Oct. 19.

Google Wallet is riding on an active trend to connect retailer loyalty programs to mobile-payment systems.

Horizons Federal Credit Union has signed with Manley’s Mighty Mart to offer its members access to the convenience chain’s 23 ATMs.

LGE Community Credit Union has introduced a card-customization service, “Design Your Own Card,” powered by the technology of Serverside Group.

USAA always has been an early adopter of new digital banking technology, partly because of its customer base of military personal, who often are dispatched to locations around the world on short notice.

Consumer angst initially has some customers considering leaving their financial institution if it adds debit card fees, the results of a new consumer survey suggest.

PayPal Inc.’s brand recognition with consumers is helping parent EBay Inc.’s payment unit to position its mobile offerings as the most secure product in the marketplace, eBay’s CEO noted during a conference call to discuss the company’s third quarter earnings.

Helped by a 10% increase in credit card sales from a year earlier as consumer spending accelerated, Alliance Data Systems Corp. on Oct. 20 reported significant increases in third-quarter revenue and income.

Before undergoing major technical tasks related to preparing point-of-sale terminals for the Single Euro Payment Area, French terminal maker Ingenico SA says it will have a key voice in establishing security and payment scheme standards for the single European market.

As many banks evaluate how much impact the Durbin amendment that limits debit card interchange will affect revenue, U.S. Bank says it is reserving judgment.

WASHINGTON– U.S. Sen. Dick Durbin, D-Ill., is calling on Wells Fargo & Co. to explain why it needs to impose new debit card fees when it posted a 21% increase in third quarter profits.

CU Business Group, a member business lending credit union service organization owned by eight corporate credit unions, has signed with BankServ to market the company’s mobile remote deposit, mobile banking, remote deposit capture and a variety of payment services to credit union’ business members.

Visa Inc. and MasterCard Worldwide, sued last week by independent ATM operators over ATM fees the operators say violate federal antitrust laws, are the target of two new suits brought by consumers regarding their ATM charges.

Hidden fees are forcing some consumers out of the traditional banking system.