Cards

State Bank of India Ltd. plans to deploy 50 solar-powered ATMs in the state of West Bengal in India to promote the use of alternative energy sources, an official from the Mumbai-based bank tells PaymentsSource.

UMassFive College Credit Union has selected ACH Federation to provide the independent not-for-profit cooperative financial institution with back-end automated clearinghouse technology to enable the institution’s members to pay their various loans by phone.

As the industry waits for Near Field Communication technology to reach the market, other mobile-payments technologies are being tested all over the globe. These products work by integrating technology similar to NFC into existing mobile handsets.

Fifth Third Processing Solutions LLC today announced the availability of a new product, PCI Assist, designed to help the processor’s smaller merchants validate their compliance with the Payment Card Industry Data Security Standard.

The final compliance deadline for new overdraft fee rules took effect two weeks ago yet many banks are still working to compel customers to opt in and figuring out ways to deliver new services to supplant lost revenue.

ACI Worldwide Inc. said Monday that it would supply payment services to Domino's Pizza Inc.

MasterCard Worldwide has announced a deal with a Brussels online payment company that would give customers of MasterCard issuers greater access to U.S. and United Kingdom online merchants.

PNC Financial Services Group Inc. is betting that its Virtual Wallet account, which has always focused on showing consumers how to be better savers, can also teach them to be better spenders.

Target Corp. is offering consumers prepaid Target gift cards in exchange for used electronics as part of a recycling campaign.

AIB Merchant Services Ltd. has launched an initiative that enables consumers to integrate multiple merchant-loyalty cards on one contactless tag.

Since launching the Visa Travel Currency prepaid card in 2003, cardholders at Axis Bank Ltd. have loaded more than US$1 billion into their card accounts, making Axis the first Indian bank to achieve that milestone, according to Visa Inc.

Selling prepaid cards might become less appealing to retailers if a recent proposal aimed at curbing money laundering takes effect.

An inventor claiming to hold a patent on ATM non-financial retail functions ratcheted up his fight with Cardtronics last week, filing suit in federal court in Wilmington, Del., alleging the nation’s largest provider of ATMs is infringing on his patents for multi-purpose automated transaction machines.

West Jordan, Utah-based Mountain America Credit Union announced a new application for the Apple iPad that will allow its members who own the popular tablet computers to conduct much of their financial business online.

Police in Houston are asking for the public’s help in finding three suspects who stole an SUV, then an ATM from Right Choice Credit Union and shot at an off-duty police officer who was chasing them.

The Chicago Transit Authority appears closer to implementing an open-network electronic fare-collection system that would accept contactless card and mobile payments.

Cardtronics said Aug. 26 it has received tenders for $97.6 million of its 9.25% Series A senior subordinated notes and is calling the remainder of the $200 million outstanding of the junk bonds.

Intuit Inc. is enhancing its GoPayment mobile credit and debit card acceptance service with a card reader designed to attach to Apple Inc.’s iPhone.

Blackhawk Network has rebranded its reloadable prepaid debit card products as it attempts to capture a share of a growing prepaid market.