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News & Commentary
Content tagged with Payments posted in March 2010
BofA Installs Talking ATMs
News  |  3/31/2010
The bank's 18,000 ATMs are all now equipped with audio equipment and headsets to enable visually impaired customers to use the machines.
New Law Halts PayPal Personal Payments in Japan
News  |  3/31/2010
Payment provider forced to temporarily shut down its personal payments service while it makes changes to comply with a new Japanese law.
Fiserv Offers Online Bill Pay Widget
News  |  3/30/2010
Bank customers of Fiserv's Checkfree online bill payment software can now incorporate it into their online banking homepage, according to Fiserv.
What Mencius Might Say About Card Fees
News  |  3/29/2010
According to the lore of ancient China, during the Spring and Autumn Period (between the years 722 - 481 B.C.), Dai Ying, an official from the Song State, decided to reduce taxes. He asked Mencius, "I want to reduce taxes. But we don't have enough revenue to offer as much of a tax cut this year as I would like. What would you think if we were to make a small tax cut this year and wait until next year before implementing the full tax cut?" Mencius replied, "There is a man who used to steal one c
New England Bank Signs with ACH Federal for Online Payments
News  |  3/25/2010
Startup to provide online bill pay and direct deposit services.
First Bank to Roll Out Online and Mobile Banking, Bill Pay Platforms
News  |  3/25/2010
The bank has chosen Corillian Online, CheckFree RXP and Mobile Money from Fiserv.
Boeing Credit Union Launches Person-to-Person Payments
News  |  3/24/2010
Using CashEdge's POPmoney service to let members pay other people via mobile phone.
Wells Fargo, Visa Offer Text Alerts to Cardholders
News  |  3/24/2010
Text-alert service to help credit cardholders manage their budgets and identify fraud.
Chase's Blueprint More Than A Clever Ad Campaign
News  |  3/22/2010
You may have seen television commercials for Chase's Blueprint program (most depict someone planning to buy a big-ticket item such as a couch or an engagement ring with a Chase credit card to the tune of the Sting song "Brand New Day"). Blueprint is a set of features offered on 20 million Chase cards that are intended to help customers manage their spending and borrowing; it's included in the Freedom, Slate, Sapphire and Ink card progr
Fifth Third to Encrypt Card Payments End to End
News  |  3/17/2010
Working with 180,000 merchants to secure card payments from merchant terminals to payment processor.
Bank of Montreal's Ambitious Growth Strategy for Diners Club Cards
News  |  3/15/2010
Out of the ashes of the old Diner's Club card - the first widely-used credit card, which was introduced in February 1950 and most recently owned by Citi - is emerging, phoenix-like, a corporate card business at Bank of Montreal that is currently the fifth largest in the world. Terry Wellesley, executive managing director and group head of BMO spend and payment solutions, stopped by this afternoon at the start of an e
State Bank of India to Deploy 300 Solar-Powered ATMs
News  |  3/15/2010
Solar ATMs said to consume 100 watts of power and to require no air conditioning.
Visa to Debut Online Shopping Tool
News  |  3/15/2010
Card company to offer consumers tools for comparison shopping, payments, tracking purchases and applying discounts.
BofA to Block Debit Card Overdrafts
News  |  3/10/2010
Good news for customers who inadvertently overdrew and were charged $39 a day.
Barclays to Provide Contactless Business Cards
News  |  3/10/2010
Starting in March, all new or re-issued Barclays business debit cards will contain contactless chips.
Accenture Launches Mobile Payment Platform
News  |  3/9/2010
Hosted, pay-per-transaction solution can connect to users on mobile operators or web sites for large-scale implementation of mobile financial services and is said to adjust to extremes of network traffic.
USAA Strengthens Mobile Banking Security
News  |  3/4/2010
Adds device identification credential from VeriSign, that, in combination with a user-provided pin, will provide quicker and more secure login for nearly 1.3 million mobile platform users.
Prepaid Show Dispatch: 3 Promising Prepaid Providers
News  |  3/3/2010
By Steve Kietz, Managing Partner, Woodbury Advisors At the Prepaid Show last week, I got a chance to meet with three promising new prepaid card companies: PreCash, Edo Interactive and Blackhawk Network. Each brings something unique to the prepaid table.
BofA's Faulkner to Run Cards and Deposits
News  |  3/3/2010
Susan Faulkner to lead combined new deposits and global card product organization.
Prepaid Show Dispatch: Visa, MasterCard Updates
News  |  3/2/2010
By Steve Kietz, managing partner, Woodbury Advisors LLC At the Prepaid Show last week, I had a chance to catch up with Brian Triplett, head of Prepaid products at Visa, and Elisa Corridore, global payroll card executive at Mastercard.
100 Banks to Launch Person-to-Person Payments by Q2
News  |  3/2/2010
P2P payment provider CashEdge says Bank of the West and credit unions BECU and Patelco will launch the service in coming weeks.
Prepaid Show Dispatch: ING's Kuhlmann Explains How the Bank Opens 100,000 Accounts Per Month
News  |  3/1/2010
By Steve Kietz, managing partner, Woodbury Advisors LLC
A2iA, Chesapeake Use Character Recognition to Detect Check Fraud
News  |  3/1/2010
Software automatically reads the payee name and checks it against a positive pay list.
Visa and DeviceFidelity Collaborate on Mobile Contactless Payments
News  |  3/1/2010
Alliance seeks to turn mobile phones into Visa mobile payment devices.

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