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News & Commentary
Content tagged with Payments posted in May 2010
MasterCard to Release Open API
News  |  5/25/2010
MasterCard Worldwide announced it will release Open Application Programming Interfaces (Open APIs) for third-party and independent software developers later this year.
ValidSoft Finds Out If Cardholder is Near Card
News  |  5/25/2010
Transaction "proximity correlation analysis" method uses global cell phone network data to help banks determine if a credit or debit card user is within the proximity of a live transaction, without running foul of privacy laws.
IBM Wades into Payments With Sterling Commerce Buy
News  |  5/24/2010
Software giant to buy B2B transaction software company for $1.4 billion, tapping into demand for supply chain networks and corporate payment hubs.
Nice, France to Begin Europe's First Contactless Card Trial
News  |  5/21/2010
Credit Mutuel-CIC, NRJ Mobile, Gemalto and Orange partner to let residents of the French city pay for food and transportation using contactless cards.
Sybase Debuts Mobile Platform
News  |  5/20/2010
Servers, software and services to help banks and other companies deliver and manage enterprise mobile applications.
Wells Fargo Rolls Out Rapid Alerts for Visa Credit Cardholders
News  |  5/20/2010
San Francisco-based Wells Fargo ($1.2 trillion in assets) and Visa announced today the rollout of Rapid Alerts for Wells Fargo Visa credit cardholders. The free service brings customers near real-time detection of fraudulent activity, and helps manage and track spending.
Brazilian Credit Union Engages Accenture
News  |  5/20/2010
Accenture's developers to write credit card applications for credit union Sicredi.
Walmart MoneyCard First to Offer Cash Back on Prepaid Debit Card
News  |  5/18/2010
Giving cash back for gas purchases made with a reloadable Visa card.
MasterCard Resists Senate's Merchant Fee Cut
News  |  5/17/2010
Card group says Durbin amendment to financial reform bill will lead to higher payment card costs and less choice for consumers.
U.N. Credit Union First to Issue Chip Cards in the U.S.
News  |  5/14/2010
Merrill Halpern, card services manager at United Nations Federal Credit Union, believes its time for U.S. financial institutions to catch up with the rest of the world and offer EMV-based chip cards.
Chase Rolls Out New Cards for Mid-Size Businesses
News  |  5/11/2010
Single-use accounts intended to help businesses control costs and improve efficiency.
Billeo Helps Banks Offer Online Bill Payment Using Debit, Credit Cards
News  |  5/11/2010
A bridge from biller-direct online bill payment to banks' websites.
J.P. Morgan Treasury Services Sees Opportunity in Clients’ Need for Transparency, Ease of Doing Business
News  |  5/11/2010
J.P. Morgan Treasury Services sees opportunity in clients’ need for transparency, ease of doing business; bank’s 9th Treasury Services Expo showcases solutions in areas such as green treasury, fraud prevention and single-use cards.
How Banks Can Help Clients Meet Healthcare Reform Requirements
News  |  5/10/2010
By Stuart Hanson, Fifth Third Bank Discussions around healthcare reform continue to dominate office small talk, as dramatic changes are in the offing. While the impact of these reforms cannot be accurately predicted, there are several mandated changes that are already affecting the way healthcare providers must deal with payments. The Health Insurance Portability & Accountability Act (HIPAA), and the more recent American Recovery and Reinvestment Act (ARRA), which includes the Health
Debit Card Transaction at All-Time High, ABC Reports
News  |  5/6/2010
With debit card transactions reaching all-time highs, comes the debate as to whether debit spending is a reflection of consumer habits during recession or if it's a trend that transcends economic health.

Wausau Expands Payment Hub to Accept Walk-in, Cash Payments
News  |  5/5/2010
Giving corporate customers a way to serve the unbanked and see their payments alongside automated payments.
MasterCard Brings Contactless Cards to Vegas Airport
News  |  5/5/2010
Travelers can tap to pay for parking.
SunTrust Switches from Plus ATM Network to Star
News  |  5/3/2010
In a rare move for a large bank, SunTrust is leaving Visa's Plus ATM network for the Star ATM and point-of-sale network.

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