Cards

Cardtronics Inc. reported Monday that its two biggest financial backers, venture funds CapStreet and TA Associates, plan to sell as many as 7 million shares, valued at as much as $100 million.

In a legal action that could have wide-ranging ramifications for credit unions, banks and retailers, a local firm on Friday filed suit in federal court in Texas claiming America First CU, Wescom CU, Zions Bank, Capital One and major retailers are infringing on its patent for creating online customized branded merchandise.

Most U.S. financial institutions continue to support debit card rewards programs, although significantly fewer plan this year to roll out new programs, according to new data from Discover Financial Services’ Pulse electronic funds transfer network.

American Express Co. has launched the Pass reloadable prepaid card designed for parents to give to their teenage children to manage help their allowances.

Vivotech Inc., a Santa Clara, Calif.-based contactless technology company, is adding encryption services from Voltage Security Inc. to transactions made with Vivotech’s Vivopay products.

With little room to add major new retail partners to sell its prepaid debit cards, Green Dot Corp. is focusing on new features, especially mobile, to increase same-store sales and reduce churn.

Fidelity National Information Services Inc. announced Friday that its Brazilian joint venture with Banco Bradesco SA has entered a 10-year deal to provide processing and other services for the banking company.

The Internal Revenue Service on Aug. 13 released its rules for how acquirers and processors should report their merchants’ credit, debit and gift card transactions to the agency beginning next year.

A point-of-sale breach disclosed this week at an Austin, Texas, restaurant only affects that restaurant, says Heartland Payment Systems Inc., the restaurant’s payment processor.

Hoping to build on its solid foundation in Europe and Latin America, SafetyPay Inc. this month announced plans to test its online payment platform in the U.S. through a retail pilot program.

USA Technologies Inc. recently announced that the number of vending machines equipped with its wireless ePort Connect Service technology enabling credit and debit card acceptance has increased 58% within the past year and is on track to hit 100,000 by yearend.

Sberbank, Russia’s largest bank, last month officially abandoned plans to develop its Sberkart payment card program into a national payment system that would compete with Visa and MasterCard.

It is not unusual for consumers to call a Univision Communications Inc. television or radio station seeking advice on such matters as where to send their children to school or how to find a good doctor.

NICE, France – A Russian national authorities believe may be one of the biggest sellers of stolen credit card data over the Internet was arrested here on a U.S. warrant last week and is waiting to be extradited to the U.S. to face charges.

The Federal Reserve Board has delayed by about five months the implementation of some disclosures governing gift cards, reports Bloomberg News.

Green Dot Corp., which last month became the first major prepaid card company to go public, posted a 44% jump in operating revenue in the second quarter.

Imposing a fee on debit cards would drive many consumers back to cash payments, according to a report released Thursday by Mercator Advisory Group.

A security vendor is trying to sell transaction monitoring services directly to consumers, a technology that until now has been offered primarily to banks.

The largest U.S. card issuers could lose more than $2 billion annually in debit card-related revenues from the combination of new regulations cutting into overdraft fees and pending debit-interchange regulation, according to a new report from Javelin Strategy & Research.

The newest updates to the PCI Data Security Standard and the Payment Application Data Security Standard consist mostly of clarifications and additional guidance, says Bob Russo, general manager of the Payment Card Industry Security Standards Council that oversees the standards.