Cardline articles from May 2009

Cardline archives from May 2009

OBAMA MEETING USEFUL TO SOME, SLEEPY TO OTHERS.(Economic Recovery Advisory Board)(Conference news)(Brief article)
May 1, 2009... When the White House economic team met yesterday with top executives of several large card issuers and networks, Lawrence Summers, director of the National Economic Council, nodded off several times, at one point appearing to go to sleep. But...

BUSINESS OWNERS CONTINUE TO SEE CONDITIONS IMPROVING.
May 1, 2009... Small-business owners in April continued to show confidence in the economy, as they perceived conditions for their businesses improving, according to a monthly survey Discover Financial Services sponsors. The findings show economic confidence...

FRAUD-MITIGATION GROUP TO HOLD FIRST MEETING.(Conference news)
May 1, 2009... Robert O. Carr, chairman and CEO of Heartland Payment Systems Inc., intends to discuss Heartland's 2008 data breach next week at the first meeting of the Payments Processing Information Sharing Council, which formed to share information about...

U.S. BANCORP, AMEX BATTLE FOR COBRANDED AIRLINE CARD.
May 1, 2009... U.S. Bancorp and American Express Co. are squaring off for a marketing battle that will be waged with reward programs but could be won on reputation, reports American Banker, a CardLine sister publication. At stake is the business of millions...

MULTIPLE CHECK PRODUCTS RELEASED.(Electronic Transactions Association)(Conference news)(Brief article)
May 1, 2009... Multiple vendors announced a bevy of check-related products at last week's Electronic Transactions Association Meeting and Expo in Las Vegas. Wausau Financial Systems says it added automated check-return management to its RDC Plus remote...

WI-FI DEVICE CHANNELS PAYMENTS.
May 1, 2009... Apriva, a wireless point-of-sale payment company, says its new AprivaNet service will segregate payment transactions from typical Wi-Fi traffic to a secure channel using a single wireless router the Scottsdale, Ariz.-based company will supply....

EMERGING MARKETS TO FUEL GLOBAL MOBILE-PAYMENT GROWTH.
May 1, 2009... Adoption in emerging markets largely will fuel the growth of mobile payments, which could reach US$250 billion in sales volume by 2012, according to consulting firm Arthur D. Little Inc. In 2012, emerging markets will account for 65% of...

BRIEFS.
May 1, 2009... Independent sales organization CoCard Marketing Group LLC is offering to merchants online payment-gateway services from eProcessing Network LLC. Wireless point-of-sale services company Apriva has certified the Psion Teklogix Inc. Ikon...

CORRECTION.(Correction notice)
May 1, 2009... An item in last week's issue contained an error. Total System Services Inc., known as TSYS, owns 45% of China UnionPay subsidiary China UnionPay Data Services Co. Ltd., China's largest bankcard processor. TSYS does not have an ownership...

WESTERN UNION TESTING OVERNIGHT PREPAID CARD DELIVERY.
May 1, 2009... Western Union Co. is conducting a test during which U.S. consumers can deliver overnight to locations in the United States a Visa-branded prepaid card recipients may use to access transferred funds. The service, which Western Union is testing...

CONSUMER CONFIDENCE INDEX JUMPS FOR SECOND MONTH IN A ROW.
May 1, 2009... Yesterday, Discover Financial Services reported that small-business confidence in the economy is growing. Consumer confidence also is up, the Conference Board, a research organization, announced today. The April Consumer Confidence Index stands...

AMEX REPORTS 56% DROP IN Q1 NET INCOME.(Financial report)
May 1, 2009... American Express Co. late yesterday reported net income of $437 million for the first quarter ended March 31, down 55.9% from $991 million during the same period last year. AmEx's U.S. Card Services business reported a net loss of $25 million...

CREDIT UNION DONATES CARD READERS TO L.A. POLICE.
May 1, 2009... The Los Angeles Police Federal Credit Union has donated card readers to the Los Angeles Police Department to assist in fighting card-related crime. The credit union donated 25 Magtek Inc. Mini Swipe readers to the department for use in each of...

SILVER LINING TO HEARTLAND BREACH IS MERCHANT EDUCATION.(Heartland Payment Systems Inc.)(RBS Worldpay)(Brief article)
May 1, 2009... Merchants and processors have become "more aware" of data security in the months since Heartland Payment Systems Inc. and RBS Worldpay revealed that hackers had compromised their networks, says Bob Russo, general manager of the Wakefield,...

MOODY'S, FITCH REPORT RECORD HIGH CHARGE-OFFS, DELINQUENCIES.
May 1, 2009... Moody's Investors Service yesterday reported that its prime credit card charge-off rate index through the end of March rose 50 basis points from the previous month, to a record high 9.3% of outstanding receivables. The delinquency rate index...

AIRLINE FILES SUIT AGAINST U.S. BANCORP OVER REWARDS SWITCH.
May 1, 2009... A marketing battle over 1 million frequent-flier cardholders has landed in court, reports American Banker, a CardLine sister publication. Late last week, Northwest Airlines Inc., which is owned by Delta Air Lines Inc., sued U.S. Bancorp to...

SERVICE ENABLES REMOTE TERMINAL UPDATES.(POS Portal Inc.)(Brief article)
May 1, 2009... POS Portal Inc., a Sacramento, Calif.-based point-of-sale terminal distributor, is offering a new service that enables independent sales organizations to update a merchant's terminal remotely. When signing new merchants, ISOs typically would...

BRIEFS.(Total System Services Inc.)(Banco Carrefour S.A.)(Pax Technology Ltd.)(Brief article)
May 1, 2009... Chase Paymentech LLC has approved YesPay for service with Paymentech's U.S. merchants, the United Kingdom-based online payment gateway says. Two point-of-sale terminals made by China-based Pax Technology Ltd. for sale in the United States...

CARD LOSSES CAUSE ISSUERS TO AVOID LONG FORECASTS.
May 1, 2009... Credit card losses suddenly escalated in the first quarter as unemployment and other economic conditions worsened, spooking issuers to the point where most shied away from forecasting losses beyond the near term, reports American Banker, a...

TSYS REVISES GUIDANCE, SELLS DEBT-MANAGEMENT UNIT.
May 1, 2009... The economic slowdown has prompted Total System Services Inc., known as TSYS, to reduce its guidance for 2009 and to sell its TSYS Debt Management subsidiary so it can focus on bolstering its payments business, according to the Columbus,...

TSYS POSTS $46.5 MILLION DROP IN Q1 NET INCOME.(Total System Services Inc.)(Financial report)(Brief article)
May 1, 2009... The turbulent economy's effect on card transaction volumes contributed to a 17.8% reduction in first-quarter net income at Total System Services Inc., to $46.5 million from $56.6 million during the same period last year, TSYS reported late...

HOME DEPOT EXEC: MERCHANTS ON 'WARPATH' AGAINST INTERCHANGE FEES.
May 1, 2009... Merchants are "on the warpath" to push for legislation that would cut or cap credit and debit card interchange rates this year, Mario de Armas, director of international and interchange financial services at The Home Depot Inc., told attendees...

ENCORE CAPITAL REPORTS RISE IN Q1 COLLECTIONS, NET INCOME.(Encore Capital Group)(Financial report)(Brief article)
May 1, 2009... Encore Capital Group, a San Diego-based debt buyer, today reported gross collections of $115.2 million for the first quarter ended March 31, a 10.3% increase from $104.4 million during the same period last year. Encore Capital invested $55.9...

WRIGHT EXPRESS Q1 PROFIT DECLINES 24.8%.(Financial report)
May 1, 2009... Wright Express Corp., a payment-processing company for commercial and government vehicle fleets, today reported net income of $10.9 million for first quarter ended March 31, down 24.8% compared with $14.5 million a year ago. Total revenue was...

FRENCH PLAN NFC LAUNCH IN 'DEMONSTRATION CITY'.
May 1, 2009... All three major mobile operators in France, along with the city of Nice, have firmed up plans to launch a Near Field Communication "demonstration" project during which subscribers may tap their mobile phones to make payments, ride public...

BRIEFS.
May 1, 2009... Illinois State University Credit Union of Normal, Ill., is moving the processing of its $2 million credit card portfolio to Dallas-based TNB Card Services Inc. Bangor (Maine) Savings Bank has renewed its exclusive processing agreement with...

VISA'S U.S. DEBIT VOLUME SURPASSES CREDIT VOLUME.
May 1, 2009... Visa Inc. yesterday announced with its second fiscal quarterly results that U.S. debit-payment volume exceeded credit card payments for the first time in the company's history, as the economy continues to drive more consumers to use debit cards...

CHASE LAUNCHES DEBIT CARD IDENTITY-PROTECTION SERVICE.
May 1, 2009... JPMorgan Chase & Co., one of the nation's largest debit card issuers, is offering an extra layer of protection to its Visa check card customers through a new service called Chase Identity Protection. Chase charges customers $11.99 per month for...

PORTFOLIO RECOVERY Q1 NET INCOME DROPS 15%.(Portfolio Recovery Associates Inc.)(Financial report)(Brief article)
May 1, 2009... Portfolio Recovery Associates Inc., a debt purchaser that mostly buys and collects delinquent credit card portfolios, this week reported net income of $10.1 million for the first quarter ended March 31, a 15.1% decrease from $11.9 million...

ALLIANCE DATA INSULATED FROM CREDIT CARD REGULATIONS.
May 1, 2009... Loyalty and private-label card issuer Alliance Data Corp., which reported its first-quarter earnings last week, says its card programs likely will not be affected by upcoming credit card legislation that seeks to restrict how issuers charge...

FIRST DATA EYES SHIPPERS.
May 1, 2009... Hoping to spur global shippers to embrace electronic payments, First Data Corp. today launched PayCargo for the shipping industry. The Web-based freight-payment service uses automated clearinghouse systems, and PayCargo extend a private line of...

ISOS FIND INVENTIVE WAYS TO TALK ABOUT SECURITY WITH MERCHANTS.(Brief article)
May 1, 2009... Getting merchants to protect their payment systems not only defends transactions from would-be thieves, but it can reduce headaches and financial losses for ISOs and sales agents. At Electronic Commerce International Inc., a Las Vegas-based...

METAVANTE Q1 EARNINGS, SALES IMPROVE.(Metavante Technologies Inc.)(Financial report)(Brief article)
May 1, 2009... After a rough start to the year in January, business at Metavante Technologies Inc. strengthened later in the quarter, as higher transaction-processing activity offset lower software-license revenue and the company cut costs, executives said...

ATM ISO REPORTS $5 MILLION FIRST-QUARTER LOSS.(Financial report)
May 1, 2009... Cardtronics Inc., the world's largest ATM independent sales organization based on machines owned and managed, today reported a net loss $5.03 million for first quarter ended March 31. The Houston-based company reported a $4.6 million net loss...

BRIEFS.
May 1, 2009... MasterCard Worldwide today announced that Fifth Third Bancorp has extended its multi-year contract and will continue to issue MasterCard-branded credit and debit cards. Atlanta-based payment processor Global Payments Inc. has completed its...

CORRECTION.(Correction notice)
May 1, 2009... Today's headlines regarding Total System Services Inc.'s first-quarter earnings and announcements incorrectly conveyed the information in the items. TSYS has signed a letter of intent to sell its TSYS Debt Management unit with an unknown...

ALLIANCE DATA Q1 PRIVATE-LABEL REVENUE UP 4%.(Financial report)
May 1, 2009... Alliance Data Systems Corp. this week reported a 4.1% first-quarter revenue increase in its Private Label Services segment, to $98.4 million from $94.5 million during the same time period in 2008. The segment includes network processing and...

CANADA INCREASED MAIL OFFERS, U.S. HITTING BOTTOM.
May 1, 2009... Though direct-mail volume for credit card offers decreased in the United States in 2008, Canada's volume increased, according to data from Chicago-based Mintel Comperemedia. In Canada, credit card mail volume increased 3.3%, to 340 million from...

NOKIA TO SELL ITS FIRST SIM-BASED NFC PHONE.
May 1, 2009... Mobile-phone maker Nokia has announced it will put one of the first Near Field Communication-enabled phones on sale later this year that supports contactless applications on SIM cards. The phone, which Finland-based Nokia says will be available...

BRIEFS.(National Foundation for Credit Counseling)(Mercator Advisory Group)(Brief article)
May 1, 2009... The National Foundation for Credit Counseling has launched a redesigned Web site that features educational tools, such as budget worksheets and credit card calculators, and provides access to lists of local foundation-certified credit...

ANALYST: GOVERNMENT INTERVENTION INTO CARD INDUSTRY 'A DISASTER'.(Law overview)
May 1, 2009... Government intervention into the credit card industry is likely to be "a disaster," contends Robert Hammer, chief executive of R.K. Hammer Investment Bankers, a Thousand Oaks, Calif.-based credit card advisory firm that brokers card-portfolio...

MASTERCARD REPORTS 14% DROP IN Q1 U.S. CREDIT CARD SALES.(Financial report)
May 8, 2009... Rising unemployment, lower gasoline prices and a slowdown in cross-border travel adversely affected MasterCard Worldwide U.S. purchase volume during the first quarter, Robert W. Selander, president and CEO, told analysts this morning during a...

ECONOMIC FACTORS 'TRENDING IN THE RIGHT DIRECTION'.
May 8, 2009... The seasonally adjusted Credit Manager's Index for April increased to 44.3 from 43 in March, marking the third consecutive increase for the index, according to a report released last week by the National Association of Credit Management. The...

CHICAGO AREA COMMUTER TRAIN SERVICE TO ACCEPT CARDS.
May 8, 2009... Metra, a rail system that serves some 324,300 passengers in the greater Chicago area each weekday, by February plans to start accepting credit cards. Phil Pagano, Metra executive director, announced the plan at the agency's board meeting on...

EXADIGM TARGETS NEW MARKETS.
May 8, 2009... Point-of-sale terminal maker ExaDigm Inc. has released the SV100 integrated payment system for use with such equipment as electronic cash registers and vending machines. The SV100 can send transaction data to processors via a broadband Internet...

ADVANTA SAYS MASTER TRUST IS SAFE.
May 8, 2009... Advanta Corp. said Thursday it swung to a net loss in the first quarter as credit card charge-offs spiraled upward, but the company reiterated that it can prevent an early amortization of its master trust, reports American Banker, a CardLine...

ASTA FUNDING REPORTS $5.2 MILLION NET LOSS.(Asta Funding Inc.)(Financial report)
May 8, 2009... Asta Funding Inc., an asset-management company that buys unpaid credit card loans and tries to collect them, last week reported a net loss of $5.2 million for the fiscal second quarter ended March 31. The Englewood Cliffs, N.J.-based company...

BRIEFS.(Bling Nation appoints Cindy Smith)(EProcessing Network LLC)(Comdata Corp. )(Scott Phillips)(Brief article)
May 8, 2009... Bling Nation, a payments-network provider for community banks, has hired Cindy Smith as vice president of marketing. Smith previously was vice president of card services for San Francisco-based Patelco Credit Union. Online payment-gateway...

ATM MAKER TO PAY SEC $25 MILLION FINE.
May 8, 2009... Diebold Inc. yesterday agreed to pay a $25 million fine in hopes of resolving three years of legal issues with the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the Northern District of Ohio. The ATM manufacturer...

DIEBOLD REPORTS 76% PLUNGE IN Q1 NET INCOME.(Diebold Inc.)(Financial report)(Brief article)
May 8, 2009... Diebold Inc. today reported net income of $3.7 million for the first quarter ended March 31, down 76.1% from $15.5 million for the same period last year. Revenues reached $663.1 million, down 4.2% compared with $691.9 million. Thomas Swidarski,...

LARGE U.S. ISSUER ORDERS OBERTHUR CONTACTLESS STICKERS.
May 8, 2009... Oberthur Technologies has started shipping stickers consumers can attach to mobile phones and other devices to make contactless payments, Martin Ferenczi, Americas region managing director for the Card Systems Division of the France-based...

HOUSE PASSES CREDIT CARD REFORM BILL.
May 8, 2009... The U.S. House of Representatives yesterday voted 357 to 70 to approve a sweeping credit card reform bill, the Credit Cardholders' Bill of Rights. The Senate is expected to vote on the bill this month. The bill, sponsored by Rep. Carolyn...

REGULAR UPDATES NEEDED TO STAY PCI-COMPLIANT.(Heartland Payment Systems Inc.)(RBS WorldPay )(Brief article)
May 8, 2009... In the aftermath of the Princeton, N.J.-based Heartland Payment Systems Inc. and Atlanta-based RBS WorldPay consumer-data breaches, more industry players are beginning to understand that companies should update their data security more...

FISERV ON THE LOOKOUT FOR FOREIGN DEALS.
May 8, 2009... Fiserv Inc. may look outside the United States for its next big acquisition, reports American Banker, a CardLine sister publication. International markets offer the best chance for growth, Jeffery W. Yabuki, the Brookfield, Wis.-based...

TIGHTER BUDGETS BRING MORE INTEREST IN DEBIT CARDS.
May 8, 2009... Facing shrinking budgets, more European consumers are turning to debit cards to manage their spending, suggest survey data from MasterCard Europe. The findings are based on surveys of 3,000 consumers from six European countries conducted in...

BRIEFS.
May 8, 2009... Texas National Bank will refer its merchant customers for payment card processing services to First American Payment Systems L.P., an independent sales organization, under a first-time referral agreement the two companies recently signed. ...

EMV REMAINS A FOREIGN CONCEPT IN THE U.S. ...(europay-master card visa)(SourceMedia Inc.)(Conference notes)
May 8, 2009... U.S. travelers to other countries could kick-start a movement in the United States to embrace the global EMV standard that protects chip cards from fraud, according to speakers Tuesday at SourceMedia's CTST conference in New Orleans. U.S....

... BUT CONTACTLESS AND NFC COULD PROVIDE EMV A BOOST.
May 8, 2009... Another possible source of momentum for EMV in the U.S. is the spread of contactless cards globally. Barclays PLC and its credit card- issuing arm, Barclaycard, are trying to put millions of contactless cards into the wallets and purses of...

PRIVATE-LABEL PREPAID GROWTH TO REMAIN FLAT: REPORT.
May 8, 2009... Private-label prepaid card volume decreased to $38 billion last year from $40 billion in 2007, and it will remain flat for the next few years thanks to the recession and competition from open-loop prepaid cards, suggests a new report released...

CONSUMER CONFIDENCE CONTINUED TO GROW IN APRIL.
May 8, 2009... The percentage of consumers who said they believe the economy is improving continued its upward trajectory last month following a record low in February, according to new survey data Discover Financial Services released today. The Riverwoods,...

OBOPAY DEBUTS TEXT-RELOADABLE 'FAMILY' PREPAID CARD.
May 8, 2009... Obopay Inc. today announced the Obopay Family Account, which enables users to transfer funds instantly by text message to other accountholders, who can use the funds anywhere MasterCard debit cards are accepted. Anyone age 13 and older can use...

VISA CEO: "THESE ARE TROUBLESOME TIMES".
May 8, 2009... New Federal Reserve credit card industry rules going into effect next year and pending legislation that would force additional changes will not mark the end of the credit or the debit card business in the U.S., Joseph W. Saunders, Visa Inc....

GEMALTO: BANKING CARD UNIT SHOWS SIGNS OF GROWING AGAIN.
May 8, 2009... Olivier Piou, CEO of France-based smart card vendor Gemalto NV, predicts revenue in the vendor's banking card unit will grow during the second quarter despite a lackluster first quarter, but he declined to offer specific forecasts. Speaking to...

BRIEFS.
May 8, 2009... Verifi Inc., a provider of transaction risk-management services for card-not-present merchants, has appointed Jennifer Schulz CEO. Schulz previously was Verifi's chief operating officer. FICO (formerly Fair Isaac Corp.) has released the...

INCREASED REGULATIONS CONCERN PAYMENT EXECS.
May 8, 2009... Government poses the "greatest threat" to the payment industry globally as the economic crisis leads to calls for more regulation, Eric Grover, CEO of Menlo Park, Calif.-based consultancy Intrepid Ventures, said this week during a roundtable...

BREACH, ECONOMY CONTRIBUTE TO $2.5 MILLION HEARTLAND Q1 LOSS.(Heartland Payment Systems Inc.)(Financial report)(Brief article)
May 8, 2009... The turbulent economy and the financial fallout from a data breach contributed to a first quarter net loss of $2.5 million for Heartland Payment Systems Inc., which posted net income of $8.9 million during the same period a year ago. "The...

PENNSYLVANIA SUES RESIDENT FOR DECEPTIVE CARD PRACTICES.
May 8, 2009... Pennsylvania is suing an Erie, Pa., man for charging consumers application fees for subprime credit cards they never received. State Attorney General Tom Corbett filed a consumer-protection lawsuit Tuesday in the Court of Common Pleas of Erie...

ALLIANCE EXTENDS PULSE SURCHARGE-FREE ATM NETWORK.
May 8, 2009... In a move designed to provide a national reach for its newly launched Pulse Select surcharge-free ATM network, the Pulse electronic funds transfer network says it has formed an alliance with MoneyPass, which operates one of the country's...

DODD: ANXIOUS TO PUT CARD BILL TO VOTE.
May 8, 2009... The office of Senate majority leader Harry Reid said today the Senate on Monday plans to take up the card-reform bill supported by Senate Banking Committee Chairman Chris Dodd. The Connecticut Democrat told reporters Wednesday he was anxious to...

CITI NOTIFIES CUSTOMERS OF NEXT PHASE OF TRANSIT TEST.
May 8, 2009... Citigroup Inc. is winding down the first phase of a contactless-payment test with the New York Metropolitan Transportation Authority, reports American Banker, a CardLine sister publication. In the New York City Transit Subway Trial, which began...

WESTERN UNION EXPANDS GLOBAL PAYMENTS WITH ACQUISITION.(Western Union Corp.)(Custom House Ltd.)(Brief article)
May 8, 2009... Western Union Co. is seeking to expand in the business-payment market by acquiring a Canadian foreign-exchange specialist. The deal announced today for Custom House Ltd. of Victoria, British Columbia, could open a significant new market for the...

WORK BEGINS ON MERCHANT DATA STANDARD.
May 8, 2009... More than 40 payments-industry professionals are expected to attend a workshop next week to discuss a new standard to protect sensitive cardholder data, says Sid Sidner, a member of the Accredited Standards Committee X9, which oversees...

DATA-SECURITY APPROACH NOT 'BUSINESS AS USUAL'.(Heartland Payment Systems Inc.)(RBS WorldPay )(Brief article)
May 8, 2009... The payments industry is approaching data security with fresh eyes in the aftermath of two large-scale processor breaches at RBS WorldPay and Heartland Payment Systems Inc. Though the payments industry routinely keeps data secure, many key...

WESTERN UNION JOINS ECOMMLINK PREPAID RELOAD NETWORK.
May 8, 2009... Western Union Co. has joined eCommLink Inc.'s cash reload network for prepaid cards. Green Dot Corp. also is part of eCommLink's reload network, eCommLink announced this week. Western Union has more than 250,000 locations worldwide, according...

CARDTRONICS EXPECTS DROP IN MEXICO ATM VOLUME.
May 8, 2009... The swine flu epidemic likely will reduce ATM-transaction activity in Mexico, but the effect will be minimal on the company's bottom line, Mike Clinard, president of global services at ATM independent sales organization Cardtronics Inc., told...

BRIEFS.
May 8, 2009... Heartland Payment Systems Inc. claims it has completed successfully its Payment Card Industry Data Security Standard assessment and is compliant once again with the standard. Visa Inc. will relist Heartland among its list of validated service...

AMEX, CAP ONE MAY FARE BETTER THAN SOME PEERS.
May 8, 2009... American Express Co. and Capital One Financial Corp. may fare relatively better this year than some other credit card issuers, thanks to their lower dependence on spread interest income, Fitch Ratings Inc. said in a report issued today. "Unlike...

HYPERCOM SAYS MARKET SHARE STEADY ...
May 15, 2009... Point-of-sale terminal maker Hypercom Corp. says its market share appears to be holding steady. "I don't believe we have lost any market share," Philippe Tartavull, Hypercom president and CEO, told analysts during a conference call yesterday....

PROXY BATTLE, TARGET CARD-PORTFOLIO SALE LOOM ...
May 15, 2009... Target Corp.'s days in the credit card business appear to be numbered, reports American Banker, a CardLine sister publication. William Ackman, the activist shareholder campaigning to get himself and four others elected to the Target board at...

... THOUGH RETAILER CONTENDS IT WILL STAY IN CARD BUSINESS.
May 15, 2009... Target Corp.'s deal with JPMorgan Chase & Co. was not a compromise with activist shareholder Bill Ackman, and it is not a sign that the retailer soon will quit the credit card business, Douglas A. Scovanner, Target executive vice president and...

MORE AMERICANS SAID TO BE USING DEBIT MORE THAN CREDIT.
May 15, 2009... Americans are using debit cards more than credit cards in this tough economy, suggest data from a recent Mintel Comperemedia survey. Of 1,500 adults Mintel surveyed online in March, 83% of respondents said they changed their spending habits...

TSYS TABS ISOS TO RESELL KIOSKS BACKED BY ITS SOFTWARE.
May 15, 2009... TSYS Acquiring Solutions, a unit of Total System Services Inc., is touting kiosks running on its KioskPass software as a product for independent sales organizations to sell. "We don't have the distribution channel to get this to the...

RESELLER TO ACCEPT PIN-DEBIT CARDS ONLINE.
May 15, 2009... 2Checkout.com, an authorized reseller for online retailers, has begun accepting PIN-debit cards online using Acculynk Inc.'s PaySecure technology. In March, ShoppersChoice.com, a luxury-cooking retailer, became the first online retailer to use...

WINCOR NIXDORF BUYS MAJORITY STAKE IN CANADIAN COMPANY.(Brief article)
May 15, 2009... Hoping to expand its business in Canada, this morning announced it has acquired a controlling interest in a Toronto-based company that specializes in providing point-of-sale hardware to retailers. Connections Canada Inc. also sells broadband...