Cards

Verifi Inc., a provider of risk-management services for card-not-present merchants, this week announced a partnership with ThreatMetrix Inc. designed to help block online fraud.

NCR Corp. today named Robert Fishman chief financial officer, ending his stint as interim CFO, a position he has held at the world’s largest ATM manufacturer since October.

Co-op Financial Services this week announced a partnership with the Louisiana Credit Union League intended to help expand Co-op’s surcharge-free ATM network throughout Louisiana.

Indian consumers in January initiated 20.3 million credit card transactions, down 6.9% from 21.8 million during the same month the previous year, according to data from the Reserve Bank of India. Credit card sales volume, however, increased by 5%, to 54.3 billion rupees (US$1.2 billion or 869.3 million euros) from 51.7 billion rupees.

Citigroup Inc. is learning many consumers today do not share its enthusiasm for mobile payments.

Chase Paymentech LLC this week announced plans to extend its offer of fraud-detection services for card-not-present transactions to all of its merchant customers later this year. The Dallas-based processor will integrate Kount Inc.’s fraud-detection services so merchants of all sizes may use them without requiring a separate contract with Boise, Idaho-based Kount.

MasterCard Worldwide for years has offered ATM Hunter only on its Web site, but interest in the ATM-finder service skyrocketed when the card brand made it available for smartphones, says Cheryl Guerin, MasterCard senior vice president, U.S. and digital marketing.

DBS Bank has inked a deal with U.S.-based online-payments provider PayPal Inc. in which the bank’s customers will be able to use PayPal to make online purchases, Singapore’s largest bank announced March 17.

USA Technologies Inc. said Thursday that more than 71,000 vending machines and other self-serve systems are now linked to its payments network.

MoneyGram International Inc. said Thursday it has hired Juan Agualimpia as a senior vice president and its chief marketing officer to oversee the company's global branding and marketing efforts.

PayPal Inc.'s new iPhone application is more than a payment system — the company is also trying to make it easier for people to use the app as a cash replacement.

COLORADO SPRINGS, Colo. – Ent FCU has launched its first free iPhone application, an Ent Service Center and ATM Location Finder, on iTunes.

RegaloCard, a fledging mobile-payments company that soon plans a nationwide rollout in the United States, has changed how consumers send funds transfers using its free product.

First Data Corp. plans to use technology embedded into a digital memory card as the next step in evolving the payment processor’s contactless-payment technology.

Co-op Financial Services on March 15 signed a nonbinding letter of intent to purchase the Share System debit and ATM processing network from Members United Corporate Federal Credit Union. Terms were not disclosed.

In Japan, Toyama Chihou Tetsudou Inc. on March 14 began issuing a contactless card called Ecomyca that transit riders may use to access all Toyama tram and rail lines. Mutual interoperability also simultaneously began between Ecomyca and Passca, another contactless card issued in 2006 by competitor Toyama Light Rail Co. Ltd., Toyama Chihou Tetsudou says.

Revolving consumer debt, mostly comprising credit card loans, fell $110 billion, or 12.7%, from an all-time peak in September 2008, to $866 billion in December 2009, according to seasonally adjusted data from the Federal Reserve.

More than 300 T.G.I. Friday’s restaurants plan to use a payment card security method that masks sensitive transaction data with a numerical token, says Merchant Link, the company providing the TransactionVault service.

International expansion will not benefit every company, and merchant-service providers that want to expand outside the United States should carefully evaluate their business models to determine whether such a strategy is feasible, some observers note.

MasterCard Worldwide today launched an ATM-finder application for Blackberry smartphones, nearly a year after the card brand rolled out the same free downloadable, customizable application for the Apple iPhone.