Cardline articles from July 2007

Cardline archives from July 2007

FED CHANGES SMALL RECEIPT RULE.(Federal Reserve Board)(Brief article)
July 6, 2007... Merchants will no longer be required to make a receipt available for debit card purchases of $15 or less, following the Federal Reserve Board's approval of a rule change to the Electronic Funds Transfer Act's Regulation E. The regulation had...

HYPERCOM TO OUTSOURCE TERMINAL PRODUCTION.
July 6, 2007... Hypercom Corp., a Phoenix-based maker of point-of-sale terminals, plans to outsource the manufacturing of its devices to third-party suppliers. The outsourcing move is meant to lower the company's manufacturing costs and improve operating...

NORTHWEST AIRLINES TO ACCEPT PAYPAL FOR ONLINE TICKET PURCHASES.
July 6, 2007... Northwest Airlines announced yesterday that it will accept PayPal as payment for domestic tickets purchased by its WorldPerks frequent flier members at its Web site. "Adding PayPal as a payment option on nwa.com gives customers more flexibility...

TIM HORTONS TO ACCEPT MASTERCARD.
July 6, 2007... Tim Hortons Inc., a North American coffee, doughnut and sandwich shop, today announced an agreement to begin accepting all MasterCard-branded credit cards, including MasterCard PayPass cards. Tim Hortons previously only accepted cash. The deal...

VERIFONE TEAMS WITH GIFT CARD PROGRAM DEVELOPER TO LAUNCH MULTI-RETAILER PROGRAM IN HONG KONG.
July 6, 2007... VeriFone Holdings Inc., a San Jose, Calif.-based maker of point-of-sale terminals, is teaming with ValuAccess Ltd., a United Kingdom-based developer of gift card programs, to launch a gift card program for multiple retailers in Hong Kong....

BRIEFS.
July 6, 2007... JPMorgan Chase named William M. Daley, who chaired Vice President Al Gore's 2000 presidential campaign, to head its office of corporate social responsibility....Sausalito, Calif-based mobile banking software vendor mFoundry will adapt its...

DISCOVER FINANCIAL TAKES FIRST STEPS AS PUBLIC COMPANY.
July 6, 2007... Discover Financial Services' stock debuted today on the New York Stock Exchange with the symbol DFS and an opening price of $28.55 per share. The stock bounced between $29.15 and $27.20 per share before settling around $27.45 by 2:22 p.m....

FAIR ISAAC GIVEN FAIR WARNING.
July 6, 2007... Disappointed by a "poor five-year history of creating value," a private investment firm has acquired 5% of Fair Isaac Corp., creator of the FICO credit score, in an effort to leverage change in company strategy. New York-based Sandell Asset...

FINANCE COMPANIES' RECEIVABLES ROSE 0.7% IN APRIL.(Brief article)
July 6, 2007... Consumer, real estate and business receivables outstanding held by U.S. finance companies during April grew 0.7% from March-after March's revised 2.7% increase from February-for a combined total of $2.03 trillion. Consumer receivables, which...

HSA CARDS TO REACH 6.5 MILLION BY 2011, REPORT SAYS.
July 6, 2007... Health savings accounts tied to prepaid cards are set to reach 6.5 million by 2011 from just more than 1 million accounts with cards today, representing an annual growth rate of just less than 60%, according to a report released last week from...

WOMAN PLEADS GUILTY TO BANK FRAUD USING PREPAID CARD.
July 6, 2007... A 23-year-old woman pleaded guilty to charges of bank fraud in a U.S. District Court in Rapid City, S.D., last week. Aigner Angel, who is from Las Vegas, admitted in a court filing that she and co-defendant Leo Ramsey, 38, and other individuals...

BRIEFS.
July 6, 2007... Dutch stock market regulators today granted a request by Barclays PLC to delay its proposed takeover bid of ABN Amro for another three weeks. Barclays has until July 23 to launch its formal bid, allowing the British bank to wait until the Dutch...

CORRECTION.(Correction notice)
July 6, 2007... CardLine on July 6 incorrectly reported that Singapore-based Venture Corp. Ltd. is taking over Hypercom's Brazilian production. Hypercom will end production at its plant in Brazil by September. As product demand warrants, manufacturing will...

PROCESSOR TIES EMPLOYEE TO SALE OF 2.3 MILLION CONSUMER RECORDS.(Brief article)
July 6, 2007... A now-fired Certegy Check Services employee is facing a legal investigation after allegedly stealing 2.3 million consumer records and selling some of them to a data broker. Fidelity National Information Services Inc., a Jacksonville, Fla.-based...

BANKRUPTCY FILINGS SHOW SLOW, STEADY CLIMB.
July 6, 2007... Bankruptcy filings during the second quarter ended June 30 rose for the fifth consecutive quarter and have jumped by more than 40% compared with the second quarter 2006, according to the National Bankruptcy Research Center, which is part of...

BLACKHAWK GIFT CARD SWINGS FOR THE BLEACHERS.
July 6, 2007... Blackhawk Network, a Safeway Inc. subsidiary and payments network based in Pleasanton, Calif., has teamed with MLB Advanced Media LP, the interactive media company of Major League Baseball, to launch the first proprietary MLB.com gift card. The...

FIRST-QUARTER CARD DELINQUENCIES DROP SLIGHTLY.
July 6, 2007... Credit card delinquencies fell slightly in the first quarter ended March 31, with late payments on 4.41% of all credit card accounts compared with late payments on 4.56% of all accounts in the fourth quarter of 2006, reports the American...

ING, CARDTRONICS REACH ATM AGREEMENT.
July 6, 2007... Online bank ING Direct will put its brand on seven Cardtronics Inc.-operated ATMs located outside its ING Direct cafes in Chicago, New York, Philadelphia and Wilmington, Del., the company has announced. The ATMs will allow ING customers to use...

BRIEFS.
July 6, 2007... Timothy C. Oliver will join Metavante Corp., a Milwaukee-based payment processor, as senior executive vice president and chief financial officer on July 23. Oliver comes from Rockwell Automation Inc., where he served as vice president and...

COURT SHIELDS CREDIT CARD PROCESSORS IN COPYRIGHT SUIT.
July 6, 2007... Companies that process credit card payments for Web sites featuring pirated content are not liable for copyright infringement, a U.S. appeals court panel ruled on Tuesday. The 9th U.S. Circuit Court of Appeals in San Francisco affirmed a lower...

TNB LAUNCHES CUSTOMIZABLE REWARDS PROGRAM.
July 6, 2007... TNB Card Services this week launched a loyalty-rewards program designed to strengthen ties between credit unions and their members. "Our credit-union clients wanted a program to help them retain customers," Dusty Bowers, TNB senior vice...

CREDIT MANAGERS INDEX ROSE 0.5% IN JUNE.
July 6, 2007... The Credit Manager's Index, a gauge of economic factors affecting credit and collection professionals, rose 0.5% in June to a score of 57.2, according to the National Association of Credit Management. Any score above 50 indicates economic...

AMBIRONTRUSTWAVE TO PROVIDE PCI SERVICES TO SWEDISH BANK.
July 6, 2007... Chicago-based AmbironTrustWave will provide card security compliance services to Euroline, the acquiring arm of Swedish bank Skandinaviska Enskilda Banken, officials from the two companies tell CardLine. The deal calls for Ambiron to provide...

AMEX ANNOUNCES MEMBERS PROJECT SEMIFINALISTS.
July 6, 2007... American Express Co. this week announced the 50 semifinalists for its Members Project initiative that is part of its "Are You a Cardmember" campaign (CardLine, 5/18), in which cardholders shared ideas for "making a positive impact on the...

BRIEFS.
July 6, 2007... NCR Corp. named Andrea Ledford senior vice president of human resources....Laurel, Md.-based Tower Federal Credit Union joined Tallahassee, Fla.-based Credit Union 24's point-of-sale debit network....MasterCard Worldwide, Major League...

FEW ID THEFTS STEM FROM BREACHES.
July 13, 2007... Even though such high profile data breaches as TJX Cos. (CardLine, 1/19) and Club Monaco (CardLine, 2/2) have spurred media attention and public awareness of data breaches in the last few years, most have not resulted in identity theft,...

ROYAL BANK OF SCOTLAND-LED GROUP GIVEN LONGER TO MAKE ABN AMRO BID.
July 13, 2007... A Dutch market regulator has given the Royal Bank of Scotland-led consortium of banks until July 23 to make a formal offer for Dutch bank ABN AMRO. Earlier this week regulators granted rival bidder Barclays PLC's request to delay its proposed...

REPORT BOLSTERS ENVIRONMENTAL BENEFIT OF E-BILLING.
July 13, 2007... "Save a tree" has long been part of financial institutions' pitches for customers to view account information online and pay bills electronically rather than with paper. A new report by Javelin Strategy & Research translates that pitch into...

MINT, CASHVALET INTRODUCE CANADIAN PAYROLL CARD.
July 13, 2007... Toronto-based prepaid-program manager Mint Capital Corp. and payroll-services provider CashValet Financial Services Inc. this week launched the CashValet MasterCard payroll card in Canada. GE Money is issuing the cards, which allow employees to...

TRITON INTRODUCES FULL-SERVICE ATM.
July 13, 2007... Triton, an ATM manufacturer for retail, or off-premise, markets has introduced its first full-service ATM for financial institutions that dispenses cash, accepts deposits and enables customers to check their balance, Doug Sholes, Triton's...

FIRST DATA BUYER TO GO PUBLIC.
July 13, 2007... Private equity behemoth Kohlberg Kravis Roberts & Co., which is buying credit card and payments processor First Data Corp. for approximately $29 billion in one of the largest buyouts in history (CardLine, 4/6), announced this week that it plans...

NATIONAL BANK OF CANADA PLANS SMART CARD PILOT.
July 13, 2007... The National Bank of Canada yesterday announced plans to carry out a chip-based credit and debit card pilot in St-Jerome, Ontario, next summer. The pilot aims to test the compatibility of the bank's ATMs with smart card technology, according to...

BRIEFS.(Oregon approves use of payroll cards)(Vermont traffic law violators can now pay through credit cards)(Brief article)
July 13, 2007... Oregon Governor Ted Kulongoski signed a bill amending rules for direct deposit that will allow employers to pay their employees using payroll cards. The bill stipulates that an employer can direct deposit wages to an ATM card, payroll card or...

AMOUNT OF CHARGED OFF CARD DEBT FOR SALE SINKS TO YEAR LOW.
July 13, 2007... Charged-off credit card debt listed for sale on public auction sites last week plunged to $946,650, the lowest weekly amount recorded all year, according to a weekly analysis of public debt portfolios by CardLine sister publication CCRNewsLine....

MOBILE PAYMENTS EXPECTED TO REACH $22 BILLION BY YEAR-END.(Brief article)
July 13, 2007... Mobile payments worldwide will generate transactions worth $22 billion this year, according to a new study by United Kingdom-based Juniper Research. Demand for having the convenience of a mobile-payment service on cell phones is a major driver...

VOTE NEARING ON COMDATA'S FUTURE.
July 13, 2007... Ceridian Corp., the Minneapolis-based parent of prepaid gift and gas card issuer and processor Comdata Corp., says shareholders will vote on a $5.3 billion buyout offer on Sept. 12. Private-equity firms Thomas H. Lee Partners LP and Fidelity...

TD CANADA TRUST CONDUCTS INTERNAL CHIP DEBIT PILOT.
July 13, 2007... A TD Canada Trust employee today completed the first transaction at one of the bank's Green Machine ATMs using a chip debit card as part of an internal pilot of the technology. In the pilot, an undisclosed "handful" of TD Canada employees were...

FREE CREDIT MONITORING NICE PERK FOR FREE CHECKING, SURVEY SAYS.
July 13, 2007... Offering free credit-report monitoring can help banks draw more customers to their checking-account services, according to a new Synergistics Research report. In a telephone survey of 1,000 consumers ages 18 or older, 21% of respondents said...

U.S. FIRM TO BEEF UP ONLINE-PAYMENT SECURITY FOR NORDIC BANK.
July 13, 2007... A European bank will use technology from Sunnyvale, Calif.-based Arcot Systems to better secure online payments made with smart cards, Arcot said in a statement today. Stockholm, Sweden-based Nordea Bank will use Arcot's TransFort technology to...

YAHOO TO QUIT ONLINE BILL-PAYMENT BUSINESS.
July 13, 2007... Yahoo Inc. posted a notice on its Web site last week that it plans to discontinue its online bill-payment service. Yahoo, which launched the service in September 1999, will discontinue it Sept. 14. However, consumers will be able to access...

BRIEFS.
July 13, 2007... Walgreen Co. signed a multiyear credit card-processing contract with Fifth Third Bank Processing Solutions. Fifth Third also will provide Walgreen drug stores with debit and electronic benefits transfer processing services....Cash Systems Inc....

NEW FIRST DATA CEO HAILS FROM TECHNOLOGY INDUSTRY.
July 13, 2007... Michael D. Capellas, a former Hewlett-Packard and MCI executive, will be the new CEO of First Data Corp. following the processor's $29 billion acquisition by Kohlberg Kravis Roberts & Co. in the third quarter (CardLine, 4/6). Capellas will...

MASTERCARD BOOSTS REPOWER WITH GREEN DOT.
July 13, 2007... MasterCard Worldwide today announced an agreement with Monrovia, Calif.-based prepaid card provider and financial network Green Dot Corp. that will allow consumers to reload their rePower-enabled MasterCard and Maestro-branded prepaid cards...

FED: CONSUMER BORROWING RISES 6.4% IN MAY.
July 13, 2007... Consumer credit outstanding rose at an annual rate of 6.4% in May, boosted by a 9.8% increase in borrowing on revolving accounts, which includes credit card balances, according to the Federal Reserve Board's monthly Consumer Credit survey,...

SOUTHWEST AIRLINES ACCEPTS PAYPAL FOR ONLINE TICKET PURCHASES.
July 13, 2007... Southwest Airlines today became the second airline in two weeks to announce that its customers can use PayPal to purchase tickets online using its Web site. In June, Northwest Airlines announced that it has begun accepting PayPal as payment for...

TWO CREDIT UNION ORGANIZATIONS COMBINE SHARED BRANCH OPERATIONS.
July 13, 2007... Ontario, Calif.-based Co-Op Financial Services and Duluth, Ga.-based Credit Union Service Corp. today completed an agreement to combine operations. The new, as-yet-unnamed organization says it represents 80% of the country's credit unions. As...

INDEPENDENT GROCER EMBRACES PAY BY TOUCH.
July 13, 2007... Independent grocery chain Dorothy Lane Market will roll out Pay by Touch's biometric loyalty program and payment service at the chain's three locations by the end of the month. As part of the agreement, Pay by Touch will revamp the store's...

ACCOUNTNOW RAISES $12.75 MILLION IN CAPITAL.
July 13, 2007... AccountNow Inc., a San Ramon, Calif.-based marketer of MasterCard and Visa-branded prepaid cards offered to consumers without a banking relationship, has received $12.75 million in a third round of venture funding led by Trident Capital....

BRIEFS.
July 13, 2007... The Dutch Supreme Court said it will announce on Friday its decision on whether the Netherlands-based ABN AMRO can sell its Chicago-based subsidiary LaSalle Bank to Bank of America Corp.....First Data Corp. signed a contract extension with...

AMEX ABANDONS PREPAID TRAVEL CARD BUSINESS.
July 13, 2007... American Express Co. is saying bon voyage to its travel card as of Oct. 31, spokesperson Robert A. Sherman tells CardLine sister publication Prepaid Trends. Last month, AmEx stopped selling the product online and has since urged distributors to...

SECRET SERVICE BUSTS FLORIDA COUNTERFEIT CARD RING.
July 13, 2007... The Secret Service has arrested and charged six individuals with participating in a counterfeit credit card ring responsible for $75 million in fraudulent charges. The federal agency yesterday announced the June arrests of Miguel Alegria of...

CARDTRONICS EXPECTS LOSSES ON 7-ELEVEN VCOM MACHINES.
July 13, 2007... ATM owner Cardtronics Inc., which last month agreed to purchase 7-Eleven Inc.'s portfolio of 5,500 ATMs and financial-services kiosks, or Vcoms, for $135 million (CardLine, 6/8), says it expects operating losses on the Vcoms, which support...

PAYPAL LAUNCHES MOBILE CHECKOUT.
July 13, 2007... PayPal today launched Mobile Checkout, a service that allows consumers in the United States, United Kingdom and Canada to securely buy merchandise using any mobile device that can make secure Web connections. To use Mobile Checkout, consumers...

FORTIS SEEKS FUNDS FOR ABN AMRO DEAL.
July 13, 2007... Belgian/Dutch bank Fortis NV said today it is selling conditional capital exchange notes to raise up to 2 billion euros ($2.75 billion) for its part in a Royal Bank of Scotland-led bid to take over the Netherlands-based ABN AMRO (CardLine,...

DENVER TO INSTALL CARD-ACCEPTING PARKING METERS.
July 13, 2007... In the first half of next year, Denver's Department of Public Works plans to begin replacing the city's 5,265 coin-accepting parking meters with a mix of kiosks and meters that accept credit and debit cards, cash and cash keys. Cash keys are...

PROCESSOR OFFERS NONPROFITS SETUP DISCOUNTS.
July 13, 2007... Denver-based transaction processor PaySimple today announced lower set-up fees for nonprofit customers. PaySimple charges nonprofits $149 in set-up fees, which is $50 less than its standard fee. PaySimple also will help nonprofits configure the...

BRIEFS.
July 13, 2007... Payment Data Systems Inc., a San Antonio-based electronic payments company, reported a June dollar-volume increase of 54% from June 2006 and second quarter dollar-volume growth of 79% from the same period a year ago. The company did not provide...

HYPERCOM CEO STEPS DOWN.
July 13, 2007... Hypercom Corp. announced today that the Phoenix-based payment-terminal maker's CEO, William Keiper, is stepping down after two years at the helm and will resign from the company's board of directors, effective Aug. 15. The company also promoted...

DEBIT CARDS ARE LARGEST SOURCE OF ABUSIVE BANK OVERDRAFT FEES, SAYS REPORT.
July 13, 2007... Debit cards are the single-largest source of abusive account-overdraft fees, which banks or credit unions charge for high-cost loans to accountholders who withdraw more than what is in their accounts, according to a new study issued by the...

SMITH BARNEY JOINS CITI'S THANKYOU REWARDS PROGRAM.
July 13, 2007... Smith Barney has joined Citi's ThankYou Network rewards program, which will allow its clients to earn ThankYou points for using its products and services. ThankYou Network replaces Smith Barney's own travel and rewards program. Initially, Smith...

REPORT: MOBILE PHONE FUND TRANSFERS POISED FOR BIG GROWTH.
July 13, 2007... Fund transfers using mobile phones could earn mobile-network operators nearly $8 billion by 2012, up from about $10 million last year, according to an estimate by New York-based ABI Research. Much of the growth will come from migrant workers...

TECHNOLOGY COMPANY LAUNCHES TAXI-PREPAID CARD.
July 13, 2007... MJM Innovations, a Baltimore-based management and technology company that develops transportation programs for the federal government, is rolling out a Discover prepaid card with MetaBank that can be used in taxis that accept Discover cards....

CANADA'S OLDEST RETAILER PARTICIPATES IN CHIP TRIAL.
July 13, 2007... Hudson's Bay Co. announced today that seven of its retail locations will participate in a pilot aimed at gauging Canada's readiness to migrate to smart banking cards that carry international EMV antifraud protections. The pilot will test chip...

NYC TAXI ASSOCIATION SELECTS VERIFONE AS 'PREFERRED VENDOR'.(New York City's Committee for Taxi Safety)(Brief article)
July 13, 2007... The New York-based Committee for Taxi Safety today selected San Jose, Calif.-based point-of-sale terminal maker VeriFone Holdings Inc. as the preferred vendor for its 3,000 member taxis. The association identified VeriFone as the "ideal...

BARCLAYS LAUNCHES VEGAS COBRANDED CARD.
July 13, 2007... Wilmington, Del.-based Barclays PLC has launched a cobranded MasterCard with destination travel site Vegas.com that allows cardholders to earn points toward Vegas vacations and events. Cardholders, who receive 2,000 bonus points with their...

BRIEFS.
July 13, 2007... San Diego State University selected GE Money to offer an affinity credit card to the university's alumni....PaySimple named Rexford Funding CEO Gary Korn to its board of directors....Discover Financial Services will sponsor the 2007 WNBA...

DUTCH COURT ALLOWS ABN AMRO'S SALE OF LASALLE TO BOFA.
July 20, 2007... The Dutch Supreme Court ruled today that the Netherlands-based ABN AMRO Holding N.V. can sell its Chicago-based LaSalle Bank Corp. subsidiary to Bank of America Corp. without shareholder approval. The deal would add LaSalle's more than 1,500...

LASALLE BANK DEAL SETS BOFA'S "SCOPE FOR NEXT DECADE OR MORE," SAYS ANALYST.
July 20, 2007... The Dutch Supreme Court's ruling today that ABN AMRO N.V. could sell its Chicago-based LaSalle Bank Corp. subsidiary to Bank of America Corp. without shareholder approval could give BofA a more-dominant presence in the Midwest, Friedman,...

ROYAL BANK OF SCOTLAND-LED GROUP TO REVISE ABN AMRO OFFER, PREDICTS ANALYST.
July 20, 2007... Today's Dutch Supreme Court ruling to allow ABN AMRO to sell its LaSalle Bank Corp. subsidiary to Bank of America Corp. without shareholder approval comes amid a takeover battle for the Dutch bank between Barclays PLC and a consortium of...

STUDY: EMOTION OFTEN OVERRIDES REASON IN CARD USE.(Brief article)
July 20, 2007... Adding more information to credit card disclosures will not reduce consumers' overuse of credit cards, concludes a new university study underwritten by Alexandria, Va.-based American Bankruptcy Institute. The results of the study, which was...

DEBT BUYER TO LIST $3 BILLION CREDIT CARD PORTFOLIO FOR SALE.
July 20, 2007... A credit card-debt portfolio with a face value of $3 billion will go on sale next week, according to CardLine sister publication CCRNewsLine. The portfolio, which is being sold by an undisclosed debt buyer, consists of more than 1 million...

ADVICE TRUMPS ADS IN STUDENTS' FINANCIAL-SERVICE CHOICES.
July 20, 2007... The segment of the so-called "Millennial Generation" now in college may be more technology savvy than their elders. But consumers ages 18 to 25 value face-to-face interactions with relatives, friends and bank-branch staff as much as, or more...

TRAVELEX STEPS UP TRAVEL CARD FRAUD PREVENTION.
July 20, 2007... London-based Travelex, a currency exchange and international payments company, is partnering with Retail Decisions, a United Kingdom-based card issuer, transaction processor and fraud-prevention company, to oversee fraud prevention for...

VERIZON MERCHANT SERVICES OFFERS CHASE PAYMENTECH CREDIT CARD PROCESSING.
July 20, 2007... New York-based Verizon Merchant Services is offering credit card transaction processing from Dallas-based Chase Paymentech to small and medium-size businesses that have a broadband connection through Verizon Online. Verizon's broadband business...

BRIEFS.
July 20, 2007... After a successful pilot program, New Jersey has begun to accept American Express, MasterCard and Visa credit and debit cards at its 48 motor-vehicle agencies and service centers....Water Mill, N.Y.-based payments processor Electronic Payments...

TRANSIT AUTHORITY LAUNCHES 'FREQUENT RIDER' CREDIT CARD.
July 20, 2007... The San Francisco Bay Area Rapid Transit District, or BART, yesterday rolled out what it claims is the first credit card to offer cardholders "frequent rider" points toward free rides and cash rewards. The JPMorgan Chase & Co.-issued magnetic...

ROYAL BANK OF SCOTLAND-LED GROUP RAISES CASH BID FOR ABN AMRO.
July 20, 2007... A group of European banks led by the Royal Bank of Scotland has revised its 71.1 billion euro ($97.96 billion) offer for the Netherlands-based ABN AMRO. The bid amount remained the same at 38.40 euros ($52.91) per share, but the group will...

VISA GIVES ACQUIRERS DEADLINE TO SUBMIT PCI PLANS.
July 20, 2007... Merchant acquirers working with Visa USA have until July 31 to submit a summary of their plans for small-merchant compliance with the Payment Card Industry data-security standard. Those smaller, so-called Level 4 merchants, which process fewer...

ALASKA AIRLINES ACCEPTING PAYMENT CARDS ON PLANES.
July 20, 2007... Alaska Airlines today announced that it is accepting debit and credit cards for onboard purchases of snacks, drinks and video-player rentals on 22 daily intercontinental flights. The Seattle-based airline says it plans to phase in the service...

CARD-DEBT PORTFOLIOS REBOUND AFTER HOLIDAY LULL.
July 20, 2007... Portfolios of charged-off credit card debt listed for sale on public auction sites last week rebounded to $97.5 million in value, up from a 12-month low of less than $1 million a week earlier (CardLine, 7/13), according to CardLine sister...

VIA ONE TO DISTRIBUTE, RELOAD NFINANSE PREPAID CARDS.(Via One Technologies)(Brief article)
July 20, 2007... Transaction processor Via One Technologies last week signed an agreement with Bradenton, Fla.-based prepaid card provider nFinanSe Inc. to sell and reload Discover-branded nFinanSe prepaid cards at more than 10,000 retail partner locations....

COMPANY OFFERS BLACKBERRY PAYMENT-ACCEPTANCE SOFTWARE.
July 20, 2007... Aircharge, a wireless device payment-processing subsidiary of processor Pipeline Data Inc., announced last week it will provide processing services that will enable Dobson Communications Corp. customers to accept credit card payments on...

BRIEFS.
July 20, 2007... Mobile-payments company Obopay raised $29 million in its third round of venture funding led by Richmond Global Cellular, an affiliate fund of Richmond Management LLC. Obopay says it will use the funds to reach additional consumers and potential...

TEMPO TO OFFER SEPARATE TECHNOLOGY, NETWORK PLATFORMS.
July 20, 2007... Tempo Payments Inc., a San Mateo, Calif.-based payments network, announced today it is offering its technology platform and hosted network platform services separately for the first time. Tempo's technology payment platform can authorize debit...