Cards

Intuit Inc.’s deal to sell its GoPayment software application and card reader at Verizon Wireless stores could significantly accelerate competition in the fast-growing market for smaller-ticket mobile payments, one analyst suggests.

Tio Networks Corp. is looking for independent sales organizations willing to buy and set up “reverse ATMs” that collect money instead of dispensing it.

Transaction Wireless Inc. became one of the first digital gift card providers to achieve the highest level of PCI Data Security Standard compliance for its computing cloud, defined as the interconnectivity of multiple computer servers, the company announced Aug. 23.

A prepaid card breach disclosed in May was accomplished by hackers who turned off the withdrawal limits on multiple card accounts, according to a new report.

Steve Jobs' resignation raises further uncertainty over Apple Inc.'s payment plan intentions, but Apple patents themselves provide some clues as to where the company may be going.

China over the next five years will begin adding financial functions to the country’s social security cards, the state-owned People’s Daily newspaper reported Aug. 22. Ninety million of the new cards will be issued by the end of this year, the ministry told the newspaper.

Despite increasing activity involving mobile payments, consumers still trust credit card companies more than companies such as Google Inc., eBay Inc. or Facebook Inc.

Steve Jobs' resignation as Apple Inc.’s chief executive may prove a mixed bag—but a critically important one—for banks and the payments industry.

Boku Inc. has inked an agreement with two French wireless phone carriers to offer its carrier-billing service, a deal which will extend Boku’s reach to 32 million customers in France.

ACI Worldwide Inc. tossed the ball back into S1 Corp.'s court on Thursday as the two companies continue to squabble over competing acquisition proposals.

A new system lets consumers deactivate debit and ATM cards from a mobile device, reactivating them only as needed.

The debit card likely will not go the way of the paper check, but its days as a single-purpose product are looking increasingly numbered.

A new mobile credit card reader to be offered in the United States by a European startup will accept magnetic stripe cards for payment, but the company is not concerned the U.S. move to EMV cards will affect merchant interest in the device.

Fifth Third Bancorp is offering a payment card that enables users to pay from either a credit or debit account.

Financial institutions that are not exempt from the Federal Reserve Board’s reduction in debit card interchange might find themselves pushing Internet PIN-debit technology as a way to reduce fraud and maximize revenue, an electronic funds transfer network executive contends.

The prospect of American consumers becoming regular users of EMV smart cards in the not-too-distant future means financial institutions and ATM manufacturers should already be addressing the extensive work needed to ensure the migration goes smoothly for consumers, ATM company executives say.

Marketing to underbanked consumers is not easy. Selling to them is even more difficult.

Visa Inc.’s announcement that it expects old, static PINs to eventually be “eliminated entirely” in favor of dynamic authentication is facing resistance–in particular because many are not convinced that the PIN is past its prime.

Financial institutions that serve military personnel, including USAA and Navy Federal Credit Union, are pressured to provide a wide range of remote access beyond that of traditional branch-heavy banks because the Web and mobile phone are often the only access points that consumers who are stationed overseas have to their financial institution.

Remember that five-gigabyte hard drive that WikiLeaks allegedly had that contained damaging information about Bank of America? It appears that that data stash no longer exist, having been destroyed by a former associate of WikiLeaks founder Julian Assange after the two men got into a fight.