Cards

Cooperative Rural Development Bank Ltd. has expanded the payment card acceptance it set up for the Tanzania National Parks in late 2008, the bank announced Nov. 3.

An expanding international business, continued success with its MasterCard cobranded credit card program and improvements in its Fleet business helped boost Wright Express Corp.’s third-quarter results, the fleet card issuer announced Nov. 4.

To some, prepaid cards are disposable. But to those who buy them online, the cards are keepers.

The struggling casino industry continues to put a strain on Global Cash Access Holdings Inc.’s financial performance.

Oxigen Services Pvt. Ltd. has signed a service agreement with Luup International Ltd. to launch mobile-payment services in India, Luup International announced Oct. 29.

Bangladesh’s Brac Bank Ltd. has launched a Visa-branded debit card designed to help support a “green” fund, the Dhaka-based bank announced Oct. 26.

The Federal Reserve Board’s still-unwritten debit-interchange rules and new restrictions on network-exclusivity agreements could help First Data Corp.’s business, executives at the transaction processor predicted Nov. 4.

Driven by increases in debit-network fees, First Data Corp. on Nov. 4 reported revenue of $2.6 million for the third quarter ended Sept. 30, up 8% from the same period last year. Adjusted revenue of $1.6 million was up 2%, helped by growth in the Retail and Alliances Services and Financial Services units, the company said.

Washington-based Pentagon FCU has teamed with Diebold to place a simulated ATM in the Veteran’s Affairs Medical Center for use in rehabilitating seriously wounded soldiers.

U.S. Bancorp has signed on as the largest bank to use an alternative payments system that lets consumers pay for online transactions through their institutions' websites.

Apple Inc.'s iPhone payments system is coming closer to reality.

Because of multiple errors found in many European business’ domestic and cross-border payment data, a migration to a Single Euro Payments Area may prove to be costly as faulty data may accrue fees under the SEPA system, a new research report from Experian Payments suggests.

Green Dot Corp.’s revenue rose 36.1% during third quarter, driven by a sharp increase in the consumer activation of its prepaid cards, the company reported Nov. 3.

Cash Access Holdings Inc. on Nov. 3 reported net income of $4.9 million for the third quarter ended Sept. 30, down 39.5% from $8.1 million during the same period last year. Revenues fell 7.4%, to $152.1 million from $164.3 million.

Hypercom Corp. made its case Nov. 2 that it can succeed as an independent company.

Heartland Payments Systems Inc. posted a $7.5 million third-quarter profit that reversed a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach, but at least one analyst was not impressed.

Cardtronics Inc. is crediting its Allpoint surcharge-free ATM network for the company’s recent rise in profitability.

Jack Henry & Associates Inc. and its competitors say there is high interest in offering new consumer technologies such as mobile remote deposit capture and mobile banking in general.

Jack Henry & Associates reported a 29% surge in revenues for its fiscal first quarter, boosting net income by 21%.

Merchant processor Heartland Payment Systems on Nov. 3 reported total revenue of $499.1 million for the third quarter ended Sept. 30, up 12.8% from $442.6 million during the same period last year. Net income was $7.6 million; the company reported a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach (see story).