Cards

SourceMedia's annual PayThink conference is always boiling over with ideas and innovation. This year's event, which took place in New Orleans this month, was no exception.

New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.

The settlement underscored how incentives and sales goals led employees to illegally open new accounts, transfer customer money to the accounts, and create PIN numbers and emails without customers' authorization, regulators said.

It was inevitable that someone would try to add up those extra seconds it takes to perform an EMV transaction, and when Cayan did it concluded that EMV is forcing U.S. consumers as a whole to spend years in extra time at the register.

A new tool developed by the federal government may put the brakes on certain counterfeit card scams during the holidays, if law enforcement agencies can replicate the results of an initial test.

The one thing payment terminal hardware makers should have been sure of this year was relatively strong demand from merchants finally upgrading to EMV-compatible equipment after the slow start last year to the U.S. chip-card migration. But that's not how it's turning out.

With the first chip card deadline for ATMs coming up in a few weeks, banks need to quickly gain an upper hand on potential risks. This starts with a more complete understanding of the complex changes at the ATM terminal.

Approximately 37 million adults in the United States — a number roughly equivalent to the population of California — do not have a checking account. Some of those individuals have never relied on traditional banking.

Prepaid card issuer Green Dot Corp. has made an executive change, hiring board member Mary Dent to lead the company's banking unit.

Just weeks after welcoming a new CEO and launching a fresh marketing push following some unwelcome technical issues, UniRush LLC is rolling out a new mobile app for its prepaid RushCard with improved security features.

Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.

Because of zero liability rules, consumers rarely share the extent of the concerns banks have over account security. But their fears might be growing.

Fuel card issuers in recent years have consolidated operations through acquisitions. Norcross, Ga.-based Fleetcor in 2014 purchased Comdata for $3.45 billion, and WEX in 2012 bought Fleet One.

With the Consumer Financial Protection Bureau expected to release tighter rules for prepaid cards in the next several weeks, prepaid issuers are pushing what they see as advantages over banks, such as fast access to payroll funds.

Diebold Nixdorf’s shiny new corporate moniker is already threatened by a possible deep investigation by U.K. authorities into the company’s possible anti-competitive violations.

This week Minneapolis-based U.S. Bancorp is launching a new consumer account that's designed to appeal to millions of Americans shut out of the mainstream financial system.

WesBanco Bank in Wheeling, W.Va., has made instant card issuance available through a technology integration with CPI Card Group.

Diebold Inc. has completed its $1.8 billion deal to acquire Wincor Nixdorf, becoming the world’s largest maker of ATMs.

Five months after creating Instant Pay to allow Uber drivers to get faster payments into Green Dot's GoBank accounts, the companies are expanding the program to include nearly any U.S. debit card.