Payments

GREENWOOD VILLAGE, Colo. – Bellco CU is offering double point values for purchases on all new Bellco Visa Platinum Rewards credit card accounts as part of its 75th anniversary celebration.

NEW YORK – Independent ATM operators on Wednesday filed suit against Visa and MasterCard, accusing the card companies of fixing prices and forcing them to charge consumers set fees.

Staking out its place in what may become a new competitive front in the ATM industry, NCR Corp. has inked a partnership with PayPal Inc. enabling person-to-person payments through ATMs, the company announced Oct. 12.

In a move that could speed up investors’ market moves, Airtel Ghana Ltd. has announced it is offering a new mobile funds-transfer service in collaboration with Databank Financial Services Ltd., a local stock-trading portal.

Credit card debt rose 1% to $6,513 in September while credit scores nationally dropped four points to 663 during the third quarter ended September 30, according to Credit Karma's latest U.S. Credit Score Climate report.

SCRANTON, Penn. – Tobyhanna FCU is converting its ATM, debit and credit card processing solution with Jack Henry & Associates’ JHA Payments Processing solution.

WALL, N.J. – First Financial FCU has selected Datacard’s CardWizard issuance software and Datacard FCP 20/20 financial card printers for its instant debit and ATM card issuance program.

Participants in a large international credit card-skimming ring allegedly stole credit card data from thousands of U.S. and European consumers over a 16-month period, resulting in at least $13 million in losses, the Queens, N.Y. district attorney’s office announced.

WEST PALM BEACH, Fla.-Industry analysts who spoke with Credit Union Journal had this advice for CUs to grow share.

RALEIGH, N.C.-As the latest wave of bank debit and checking fees were making news, Coastal FCU was getting a lot of media attention for paying members higher checking interest for using their debit card more.

LAKE BLUFF, Ill.-Opportunity is knocking for credit unions. That's the view of numerous analysts interviewed by Credit Union Journal who believe credit unions left a lot of bank business on the table following the CARD Act's implementation.

RALEIGH, N.C.-State Employees' CU here and Navy FCU say they have no plans now to make changes to address the new interchange cap.

The combined effects of tighter lender underwriting criteria and continued consumer discipline in keeping credit card accounts current drove the bankcard delinquency rate to new lows through the second quarter, according to data from the American Bankers Association.

In a move that MasterCard Worldwide says is helping to pave the way for contactless mobile payments in the U.S., the card company on Oct. 7 announced that 7,000 Subway restaurants will accept PayPass by the end of the first quarter of 2012. Subway follows McDonald’s Corp., which began taking PayPass in 2004 at its U.S. locations.

A Toronto-based payments gateway is providing consumers with a simpler way to make online purchases from mobile phones, and it is looking for independent sales organizations to promote the product to merchants.

Bank of America Corp., whose website has been down sporadically since Sept. 30, says the problem stemmed from technical hiccups, not a hack attack.

BEAVERTON, Ore. – Rivermark Community CU has signed with Fiserv’s ACCEL/Exchange to be the credit union’s exclusive PIN POS network, consolidating both its signature and PIN debit services with a single processor.

Mocapay Inc. has signed yogurt store Yumilicious to its mobile loyalty program in a move some observers say illustrates the future for loyalty and prepaid gift cards.

Steve Jobs spent his career more focused on personal computing than on personal banking, but under him Apple Computer still left a lasting mark on the world of finance.

On its sixth day of intermittent website outages that began on Friday, Bank of America Corp. acknowledged its website troubles but would not cite the cause.