Cards

Like a mother who hides her child's vitamins in the cereal, USAA Federal Savings Bank is disguising new technology through old-fashioned, face-to-face service.

Passcode-generating payment cards have faced years of resistance by U.S. banks, but Gemalto NV bets that, by putting its own brand behind the technology, it can make a difference.

PayPal Inc. has launched a Hebrew-language version of its online payment website for Israeli customers.

The ATM and debit card network practices of MasterCard Worldwide and Visa Inc. are anticompetitive, and their policies harm consumers by forcing ATM owners to increase surcharge fees and reduce ATM deployment in convenient locations, claims the National Association of ATM ISOs and Operators.

PayPal Inc.’s impending move into face-to-face transactions enabled by VeriFone Systems Inc. mobile point-of-sale terminals has the eBay unit developing a reseller program, Laura Chambers, PayPal senior director of mobile, tells PaymentsSource.

Cardtronics Inc. has made a number of changes to its board of directors, including the resignation of Fred R. Lummis as chairman, that took effect Nov. 10.

More than half of the nation’s largest financial institutions offer mobile-banking services, which continue to evolve from being an extension of online banking to supporting person-to-person funds transfers and other payment capabilities, according to a new report from First Annapolis Consulting Inc.

USA Technologies Inc. generated $4.4 million in total revenue during its fiscal first quarter ended Sept. 30, up 15.8% from $3.8 million during the same period last year, the provider of wireless payment acceptance announced Nov. 10. The company reported a net loss for the quarter of $1.9 million, an improvement from the $2.9 million loss a year earlier.

Profit fell for Wincor Nixdorf AG in its most recent fiscal year despite net sales that remained at roughly the same level as 2009.

Three foreign nationals were charged Nov. 10 in Seattle with using ATM skimmers to steal credit card information from dozens of credit union and bank customers and using counterfeit cards to steal as much as $400,000 from area ATMs.

NetSpend Holdings Inc. says it would not shy away from offering new credit products to its prepaid card customers despite regulators clamping down on its largest issuer.

A recent partnership involving PaymentVision and PayNearMe Inc. is enabling consumers to use cash to pay for online purchases and bills at 7-Eleven Inc. convenience stores, PaymentVision, a Gaithersburg, Md.-based electronic payment services provider, announced Nov. 8.

Amalgamated Banks of South Africa Ltd. is partnering with card-technology provider Oberthur Technologies to issue a prepaid card supported by MasterCard’s PayPass contactless service.

Dubai eGovernment, Dubai’s authority in charge of civil e-payments, has signed a memorandum of understanding with the United Arab Emirates Central Bank to expand the scope of its ePay gateway by including more banks, the authority announced earlier this month.

Convenience-store chain Sheetz Inc. is offering customers a Discover-branded affinity decoupled debit card powered by Tempo Payments Inc., the companies announced Nov. 10.

To help generate revenue, Cardtronics Inc. has signed a multiyear agreement with i-design group PLC to incorporate third-party advertisements into its ATMs deployed in 7-Eleven Inc. convenience stores, the ATM independent sales organization announced Nov. 9.

Bling Nation Ltd. said Tuesday that its mobile contactless payment system will be accepted by the regional grocery chain Brookshire Grocery Co.

Green Dot Corp. investors plan to sell $100 million worth of their shares in the prepaid debit card company through a follow-on public offering.

Debit card issuers' rewards programs are already being rewritten — and in some cases eliminated — in advance of the Federal Reserve's new interchange rules.

Mobile banking provider MShift said yesterday it is partnering with RDM Corp. to provide remote deposit capture over Mshift’s mobile banking applications for the iPhone and Android platforms.