Payment processing

Some 92 incidents of crooks cloning debit and credit cards issued by Citibank Pvt. Ltd. occurred between January 2008 to December 2010, tops among India’s card issuers, the country’s finance minister told the country’s Parliament on Mar. 4.

Citizens in the Indian state of Punjab may pay their electricity bills online using bankcards under a new service the Punjab State Power Corp. launched on March 1.

WASHINGTON — Acting Comptroller of the Currency John Walsh warned Tuesday that a Federal Reserve Board proposal to limit debit interchange fees could hurt banks of all sizes.

MasterCard Inc. on March 8 announced new fraud-fighting technology that could alleviate the headaches issuing banks face when card accounts have been compromised.

Cardtronics Inc. announced Monday an agreement to provide Intuit Inc.'s Pay Card and Refund Card customers surcharge-free access to its fleet of ATMs.

WASHINGTON – Hundreds of neighborhood business are calling on the Federal Reserve to proceed with the debit interchange provisions of the Dodd-Frank Act in hopes of passing on the savings back to their communities.

CashEdge Inc. has landed Huntington National Bank as a customer for its person-to-person payments software, the New York-based vendor announced March 7.

ORLANDO, FLA.–Companies increasingly are using prepaid debit cards as an incentive to drive customer loyalty and to reward employees, and merchants are benefiting because consumers generally are spending more than the value loaded into their card accounts, according to new research commissioned by Total System Services Inc., or TSYS.

American Express Co. cardholders that attend the South by Southwest Interactive music festival in Austin, Texas, later this week will be able to secure merchant discounts with their cards through Foursquare Labs Inc., the location-based mobile system that rewards consumers for using its service. Media reports say the two companies are piloting the system with 60 merchants at the festival and are offering a “spend $5, save $5” promotion.

PHOENIX–Credit and debit card fraud leads all other types of fraud at most U.S. banks and credit unions, but most institutions are fighting illegal account access with constrained budgets and relatively small teams averaging one to five workers, regardless of institution size, new survey data from ISMG Corp.’s BankInfoSecurity.com suggest.

Many consumers still are not familiar with the Credit Card Accountability, Responsibility and Disclosure Act and believe it has not had any effect on them, new research suggests.

“No dogs, no bare feet … no community bank debit cards”?

Aptys Solutions has enhanced the automated clearinghouse functionality of its PayLogics processing platform by adding its Active Archive service, the company reported March 7.

Merchants whose customers buy multiple prepaid cards contained within one pack would be able to save time by activating the cards all at once, and not individually, under a patent the U.S Patent and Trademark Office recently issued to First Data Corp., the Atlanta-based payment processor announced March 7.

Credit-union and bank groups plan to file a brief as early as March 7 asking a federal court to block implementation of the debit-interchange fee provisions of the Dodd-Frank Financial Reform Act.

Secure Vault Payments, NACHA’s alternative payment system that enables consumers to make online purchases directly from their bank accounts, may gain new prominence from a test it is running with a sizeable client.

Debit card networks could lose $1.7 billion in revenue from fees they charge banks stemming from the Federal Reserve Board’s proposed debit-interchange caps, according to an analyst.

Heartland Payment Systems Inc. of Princeton, N.J., has added an automated clearinghouse feature to its Express Funds remote deposit service.

Nearly half of consumers around the world are concerned about card fraud, yet many fail to take precautions to prevent it, suggesting banks should do more to educate consumers to reduce their susceptibility to fraud, recently released survey data show.

Proposed and recently enacted state and federal regulations regarding debit and reloadable prepaid cards have put card programs used for disbursing unemployment, Social Security and other benefits in serious jeopardy, a JPMorgan Chase & Co. executive tells PaymentsSource.