Cards

Banks have gotten over the fear that offering online account transfers will put them at risk for deposit flight.

The 3M Company announced Dec. 6 that its Non-Metallic Foil technology has been accepted for use by MasterCard for credit, debit and gift cards, giving credit unions and banks the option of cards with a metallic-like finish.

Battle Creek, Mich.-based OMNI Community Credit Union is paying its third consecutive Cashback Rebate – an estimated $800,000 this year – as a way to say “thank you” to its members for banking with the credit union.

Banks may soon do the work of their vendors as they are handed the tools to design software for core banking functions — just as new services demand that systems be developed with greater speed.

Among the companies supporting alternative payment services, PayPal Inc., a division of eBay Inc., remains the dominating force and continues to grow, new research from New York-based management-consulting firm Auriemma Consulting Group shows.

Cardlytics Inc. and ClairMail Inc. have announced a partnership to enable financial institutions to deliver coupons and other merchant offers to customers’ mobile phones, Atlanta-based Cardlytics reported on Dec. 7.

In a foreign takeover battle that could reverberate among U.S. financial institutions, cards maker Oberthur offered to acquire Britain’s venerable bank notes and cash machine manufacturer De La Rue for $1.4 billion, but the offer was rejected as insufficient.

DataCard Corp. said its recently acquired Dynamic Card Solutions unit has been granted a U.S. patent on instant issuance printing technology for unembossed “flat” financial cards.

Wincor Nixdorf and HID Global, a provider of secure identity systems, have introduced an ATM system with a contactless smart card reader, allowing a single piece of equipment to process ATM and automatic fare collection transactions.

Payment-terminal company RDM Corp. says Intuit Payment Solutions, a division of Intuit Inc., has certified its Synergy II payment terminal for use on Intuit’s National Check Deposit Network check-processing system.

Merchant-services company Newtek Business Services Inc. has become a member of Charge Anywhere LLC’s certified distributor program, South Plainfield, N.J.-based Charge Anywhere announced Dec. 7.

CashEdge Inc., known almost exclusively as an electronic payment provider, is venturing into new and potentially lucrative territory with plastic gift cards.

Tempo Payments Inc. early next year plans to conduct a pilot in which it will support mobile contactless payments tied to “decoupled” debit cards, PaymentsSource has learned.

JPMorgan Chase & Co. is using CashStar Inc.’s digital gifting and incentives platform to enable credit cardholders to use rewards points to buy merchants’ proprietary gift cards through an Apple Inc. iPhone application, the companies announced Dec. 8.

BB&T Corp. has entered into a multiyear agreement with Cardtronics Inc.’s Allpoint network to expand surcharge-free ATM access to the issuer’s debit cardholders in Florida and Texas, the companies announced Dec. 9.

WASHINGTON — For the first time in its history, the Federal Reserve Board said Friday it would host a live webcast of an upcoming open board meeting.

By buying the back-office prepaid card operations of Travelex Holdings Ltd., MasterCard Inc. would greatly expand in the global prepaid market–both in terms of geography and the company's role.

A suspect was arrested for allegedly taking part in Wednesday's online attacks against MasterCard Inc., Visa Inc. and PayPal Inc.

SunTrust Banks Inc. keeps embracing new payments systems rather than try to steer customers to the older payment types that most banks favor.

SunTrust Banks Inc. keeps embracing new payments systems rather than try to steer customers to the older payment types that most banks favor.