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Chase and Wells Respond to Card Act with Creative Payment, Pricing Models
How are card-issuing banks coping in the aftermath of phase two of the Credit Card Accountability, Responsibility and Disclosure Act, which took effect last Monday (limiting fees and interest rate charges and requiring specific disclosures in cardholder statements)? According to Ted Landis, senior executive, financial industry programs for payments and strategic cost reduction at Accenture, forward-thinking issuers such as Chase, Wells Fargo and American Express are making the best of it by comi
Ex-Prez Clinton Urges Card Issuers to Serve the Unbanked
By Steve Kietz
Honor Roll: This Week's Top Banking Blogs (Feb. 21-27)
Our favorite banking technology-related blog posts from around the Web (February 21-27, 2010):
Burroughs Payment Systems and Ceto and Associates Partner to Improve Cash Management Capabilities
Burroughs Payment Systems and Ceto and Associates partner to improve cash management capabilities; Burroughs SmartCash currency recyclers and dispensers integrated with the Ceto Cash Calculator (C3).
U.S. Bank Launches Remote Deposit for Small Businesses
Leverages technology the bank has offered large business customers since 2004.
Fundtech Reports 4Q Growth, Hires Industry Vet
Revenues up 10% and Ed Gainer, former CEO of Generated Systems Technologies, to run cash management business.
Cambridge Scientists Demonstrate Vulnerability of Chip Cards
Small device can trick terminals into authorizing card transactions without an accurate personal identification number.
Mobile Giving Outpacing Mobile Payments
As indicated by the in flux of text message-based donations to Haiti earthquake relief foundations, mobile giving has taken off, but the mobile payments space as a whole has a long way to go.
Fiserv Launches New IAT Watch List Filtering Solution
Fiserv launches new IAT Watch List Filtering solution; monitoring tool helps financial institutions comply with new NACHA IAT rules.
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