Cards

The College of the Holy Cross is adopting a campus card program to let students, faculty and staff spend, on and off campus.

PayPal Inc. has hired an American Express Co. veteran, Leonard Shen, as its chief compliance officer.

In a move one analyst says might be tied to poor results following a change in company sales strategy, Heartland Payment Systems Inc. has reassigned its chief sales officer to a regional director position, the Princeton, N.J.-based payment processor announced Friday in an 8-K report filed with the Securities and Exchange Commission.

Commuter-benefits provider TransitCenter Inc. has begun participating in the six-month contactless-payment trial MasterCard Worldwide is leading along with three New York-area transit agencies.

Rancho Cucamonga, Calif.-based Co-op Financial Services will add credit card processing to its debit card transaction processing business line.

Visa Inc. and MasterCard Worldwide have experienced mixed results in the U.S. issuance of debit cards carrying their logos. But both brands have seen the issuance of credit cards with their brand marks tumble as issuers cut their exposures to financial risk.

The number of consumers swiping their credit cards dropped dramatically last year, according to a Javelin Strategy and Research report released this month.

Person-to-person payment systems are taking off, but person-to-person payments are not.

Consumers have mixed feelings on differential pricing for cash and card purchases, and their views similarly are mixed on whether merchants might reduce product prices if caps are set on interchange rates, new research suggests.

Larger financial institutions are beginning to engage in broader product and service agreements, and that is opening the door to more outsourcing opportunities, the chief financial officer at Fidelity National Information Services Inc. said Sept. 7 during the Citi Global Technology Conference.

Tourism is rebounding, as Visa card spending by international visitors to the U.S. was up considerably during the first half of the year, according to Visa Inc.’s Tourism Outlook for the United States.

Japan's first internet bank, SBI Net Bank Ltd., on Sept. 6 launched an online funds-transfer service in partnership with with Tokyo-based Telecom Credit.

Wells Fargo & Co. on Sept. 10 announced several changes to its Visa-branded prepaid cards and to those issued by Wachovia Corp., which Wells acquired in 2008. Those cards also carry the Visa brand.

The electronic-billing technology company Transactis Inc. has acquired OfferIQ, a mobile coupon service provider for banks and merchants, the companies said Thursday.

Payment cards are becoming more versatile.

Wilkes Barre, Penn.-based Cross Valley FCU has completed branding ATMs at two local Walgreens stores in Kingston and Scranton.

A Netherlands-based group consisting of banks and mobile operators has agreed to form a joint-venture company to support Near Field Communication mobile payments at the point of sale in 2012.

Card-not-present fraud in the United Kingdom is on track to decline 9% this year compared with last year as merchants and consumers adopt more strategies to thwart fraud, Retail Decisions PLC, a London-based payment fraud prevention firm, announced Sept. 6.

Standard Chartered Bank China Ltd. on Sept. 3 began issuing two debit cards designed for Chinese teenagers, becoming the first foreign bank to step into China’s emerging financial markets for teenagers.

ANZ Banking Group has launched an application for Apple Inc.’s iPhone that enables customers to transfer funds to other mobile-phone uses in Australia, an official for the Melbourne-based bank tells PaymentsSource.