Cards

Credit unions and banks urged a federal appeals court in Sioux Falls, S.D., to act quickly to block the Federal Reserve’s implementation of debit card caps, which they insist will break thousands of credit unions or banks.

VeriFone Systems Inc.’s Paymedia add-on now enables gas stations to present advertising on their pumps’ screens, the terminal maker announced May 16.

Dwolla Corp., an alternative payments provider, is developing technology to help banks cut fraud as they start allowing transactions from mobile devices — and also help them decide which mobile devices are worth investing in to begin with.

SIOUX FALLS, S.D. – Credit unions and banks urged a federal appeals court here to act quickly to block the Federal Reserve’s implementation of debit card caps, which they insist will break thousands of credit unions or banks.

Wireless-network operator Orange continues to expand its reach in the payments sector with what it says is the United Kingdom’s first major contactless prepaid debit card.

Prepaid debit card providers might gain new customers by adding mobile remote deposit capture services because underbanked consumers see value in the technology, suggests new survey data.

Greylock Federal Credit Union of Pittsfield, Mass., is upgrading its ATM fleet to give the machines both physical access and communication-related elements for the visually impaired and those who have mobility handicaps.

Two more banks have signed up for Secure Vault Payments, according to eWise Systems USA Inc., the Denver-based company working with NACHA, the electronic payments association, to offer the technology.

Global shipments of handsets with Near Field Communication technology should increase to nearly 550 million units by 2015, helped by the decision earlier this month by three major U.S. wireless carriers to partner with leading credit card companies on a mobile-commerce initiative, according to new IHS iSuppli research.

PayCommerce Inc. has integrated its cloud-based payments platform for small to midsize businesses with commonly used business software, the company announced May 10.

Many small businesses in 2010 were hit particularly hard by fraud-related costs, suggesting financial institutions should do more to educate their small-business clients on fraud-prevention strategies, new research suggests.

To promote the use of electronic payments systems in the country, the Central Bank of Nigeria has set new limits on the amount of cash bank customers may withdraw at branches.

Vietnam Bank for Industry and Trade Ltd. will work with Saigon Fuel Joint Stock Co. to provide prepaid fuel payment card services, a spokesperson for the bank tells PaymentsSource.

Improved foreign-exchange rates and higher fuel prices helped improve the first quarter performance at fleet card provider Fleetcor Technologies Inc.

Seeing an opportunity from consumers who have unspent gift cards, ChargeSmart Inc. is working with gift card exchange firm Plastic Jungle Inc. to enable its customers to use value left in proprietary merchant gift card accounts to pay bills from its website, Tim Brinkman, the online consumer bill payment company’s CEO, tells PaymentsSource.

Credit card terms have not changed much in the past year, despite some concerns that issuers would hike interest rates and fees on new accounts to offset the effects of restrictions imposed last year under the Credit Card Accountability, Responsibility and Disclosure Act, according to new data from The Pew Health Group.

SAN DIEGO–Mobile payments actually could increase the use of cards instead of replacing them with phones, an analyst said May 11 during a panel discussion on the future of merchant acquiring here at the Electronic Transactions Association’s Annual Meeting & Expo.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected “fewer than 100” customers’ debit card accounts, but credit card data also may have been exposed, the retailer said May 13.

VeriFone Systems Inc. and Hypercom Corp. are considering the sale of Hypercom's U.S. point-of-sale terminal business to an "alternative buyer" in response to an antitrust lawsuit the U.S. Justice Department filed against the companies May 12.

PNC’s new Money Bar Desktop widget casts the bank as an angel on the shoulder of its users, an ever-present advocate that reminds consumers to be responsible spenders.