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News & Commentary
Content tagged with Payments posted in November 2011
Fundtech and BankServ Complete Merger
News  |  11/30/2011
SasS banking provider BankServ's majority shareholder, GTCR, has purchased payments software company Fundtech for $23.33 per share to create a company focused on several aspects of transaction banking.
MasterCard Rolls Out Prepaid Contactless Wristwatch in U.K.
News  |  11/30/2011
The product, called Watch2pay, will be enabled with MasterCard's PayPass contactless technology.
U.S. Bank Upgrades Wholesale Lockbox Platform
News  |  11/29/2011
The image-based solution is helping the bank's business and government customers move toward electronic payment processing.
Chase and British Airways Release EMV Visa Card
News  |  11/23/2011
The companies are offering a co-branded British Airways Visa card that features EMV chip-with-signature technology.
Clear2Pay, VocaLink Partner on Payments Solution
News  |  11/23/2011
The solution will enable FIs to offer their customers end-to-end, inter-bank, real-time payments.
Former FIS Executive Joins Fiserv Card Services Division
News  |  11/22/2011
Bruce Hopkins has been named general manager of processing solutions for Fiserv's card services division.
CommonWealth Bank of Australia Replaces ATM Network
News  |  11/21/2011
The bank will replace its 4,100 machines designed to read mag-stripe cards with EMV-enabled machines.
Visa Rolls Out Prepaid Mobile Payments Product for the Underbanked
News  |  11/18/2011
The card scheme says that the offering is targeted to customers in developing countries in Africa, Asia and Latin America.
Google Merging E-Payments Service into Wallet
News  |  11/17/2011
The company says its Checkout offering will become a part of Google Wallet.
Visa Opens Developer Center, Offers Access to Digital Wallet
News  |  11/16/2011
Visa aims to help simplify and speed up the deployment of its payment innovations such as its forthcoming digital wallet by giving developers access to programming and development tools via a new website.
M-Via Launches Mobile Payment Service for the Underbanked
News  |  11/15/2011
The Boom service is designed to replace wire transfers as a more cost-effective way for migrant workers to send money.
Bank of America Merrill Lynch to Offer EMV Cards to U.S. Customers
News  |  11/8/2011
Beginning in the first quarter of 2012, the bank will offer chip-and-PIN credit cards to U.S. corporate customers who travel abroad.
Intuit, AT&T Partner on Mobile Payments
News  |  11/7/2011
The vendor's GoPayment credit card reader and related app are designed to allow small merchants to accept mobile payments.
PCI Compliance Still an Issue Among Small Merchants, Survey Says
News  |  11/7/2011
A report issued by two security services vendors finds that there is a gap between how small- and medium-sized businesses approach PCI standards.
FIS Adds Discover to Card Processing Capabilities
News  |  11/3/2011
The agreement will add to the 70 million credit cards FIS already processes globally.
M&T Bank Unveils New Anti-Skimming Device
News  |  11/2/2011
Blocker is designed to deter would-be criminals from tampering with ATMs.
Bank of America Should Have Kept Debit Card Fee
Commentary  |  11/2/2011
Just because the criticism against the $5 fee was loud and angry, it doesn't mean it was right.
Moving Past Customer Discontent Over Debit Card Fees
Commentary  |  11/2/2011
Amid recent announcements of debit fee retractions from major banks, Javelin's Beth Robertson discusses why Bank of America has taken the brunt of the public scorn for its fee announcements and how financial institutions can better offset losses while maintaining customer relations.
The State of EMV
News  |  11/1/2011
Following Visa's push for the adoption of EMV in the U.S., bankers are debating whether the standard will emerge from the mix of innovations in the payment space as the next widely adopted domestic payment solution.
Payments Hubs: Better Late Than Never
News  |  11/1/2011
Despite their promises of greater efficiency and enhanced customer service, payments hubs have not gained much traction in the past decade. But as the economy recovers, and as banks realize their compliance value, investments in payments hubs are likely to pick up.
Bank of America Scraps Plan for $5 Debit Card Fee
News  |  11/1/2011
The company cited consumer feedback and a changing marketplace as reasons for canceling the proposed debit usage fee.

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