Cards

European ATM-related fraud losses last year dropped for the second consecutive year, thanks largely to a reduction in card-skimming attacks, according to a report from the European ATM Security Team Ltd.

Consumer protections under the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 should be applied to small-business credit cards, according to a lead-generation website that tracks card products.

The ATM Industry Association has published a best-practices guide for decommissioning ATMs at the end of their seven- to 10-year lifespan.

Direct carrier billing is becoming more popular as consumers see the convenience and merchants are more willing to accept higher transaction fees to increase sales, contends Zong Inc., a mobile-payments platform provider.

IDBI Bank Ltd. has become the second bank in India to support cash withdrawals initiated at point-of-sale terminals, a spokesperson for the Mumbai-based bank tells PaymentsSource.

Discover Financial Services’ person-to-person payments service, Money Messenger, is now available to cardholders.

The ATM Industry Association has published a best-practices guide for decommissioning ATMs at the end of their seven- to 10-year lifespan.

PNC Financial Services Group Inc. has updated its Virtual Wallet application for the Apple inc. iPhone to include mobile check capture, the bank announced April 11.

SIMalliance is opening its software to third-party developers in its effort to discourage hackers’ attacks against wireless devices.

Even a brief, voluntary online financial-literacy lesson can have a significant positive effect on how college students use credit cards, including driving them to have higher average credit scores and fewer credit card late fees, new research suggests.

Financial institutions that are taking a “wait-and-see” approach to mobile payments risk falling behind early investors as the market begins to take shape, concludes a whitepaper from Fiserv Inc.

More than 10% of U.S. consumers had set up mobile-banking services in 2009, but a smaller proportion actually used the services, according to the Federal Reserve Bank of Boston.

WASHINGTON – Jaws were dropping around Capitol Hill last week as CUNA President Bill Cheney began a tour of Senate offices with Camden Fine, head of the credit unions’ most virulent enemy, the Independent Community Bankers Association, to lobby for delay of the interchange rule.

A federal court in Dallas has granted motions made by Heartland Bank and KeyBank to dismiss civil suits brought against them by credit unions and banks for their involvement in the 2009 Heartland Payments Systems breach.

A federal judge last week denied American Express Co.'s bid to have an antitrust case against it dismissed.

Estimating the growth of social media and mobile channels equals a $70 billion global opportunity across banking and other consumer-facing
 industries, IBM has formed a new consulting practice to offer navigation
 expertise for companies looking to embrace the new technologies, many of 
which are offered in some form by IBM itself.

Two more banks in India have joined a select few others that enable customers to pay their income taxes at ATMs.

First it was check electronification at the point of sale, then decoupled debit. Now health care appears to be the next major target market to help drive automated clearinghouse payments volume.

WASHINGTON — Cynthia Blankenship was likely not the first banker to discuss the Federal Deposit Insurance Corp.'s overdraft guidance — a significant cause of worry for industry executives — with FDIC Chairman Sheila Bair.

Consumers’ use of cash to make payments grew in 2009, a Federal Reserve Bank of Boston study released April 7 found (see report).