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Six Months Later, MasterCard Softens a Controversial PCI Rule
(December 23, 2009) MasterCard Inc. is changing a controversial policy, and pushing back a deadline, that it announced only six months ago regarding enforcement of the Payment Card Industry data-security stand...ard. With the changes, which involve assessing computer systems for PCI compliance, Mast...

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Prepaid vs. Checking: Fairer Fight?
American Banker | Monday, December 21, 2009 By Maria AspanIf the checking account's loss has been the prepaid card's gain, new overdraft regulations could kick that trend into overdrive.The reloadable prepaid card business has had a ...banner year, helped by the economy — and the industry's clai...

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Britain bounces checks after 300 years
By Elizabeth Fullerton Elizabeth Fullerton – Wed Dec 16, 10:56 am ETLONDON (Reuters Life!) – After more than three centuries, the humble check is set to become a historic relic after British banks voted to phase it out in favor of m...ore modern payment methods.The board of the UK Payments Counc...

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Want Everyone To See Your Credit Card Transactions? Of Course You Do. Meet Blippy.
by MG Siegler on December 11, 2009 - TechCrunch.comAs the Internet matures, slowly but surely everything we do in the real world is going social. But there’s a limit to how much informatio...n we can explicitly share on all the various services. A new service, Blippy, launching today in private be...

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As Debit Cards Grow, Rewards Programs Follow
Few consumers associate rich rewards programs with debit cards because traditionally it's been credit cards that have offered more expansive benefits.But now that more consumers are shunning credit and turning to debit, the ba...nks are taking note. “Debit-card users are actually outnumbering cred...

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Obopay Turns Mobile Phones into Banks
In much of the developing world, bank branches are scare. Obopay aims to fix the problem by making increasingly ubiquitous cell phones into virtual bank offices By Jennifer L. Schenker - Business WeekComputer scientist Carol Realini ...was planning to take early retirement after Chordiant Software (...

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Visa, MasterCard, AMEX Grilled Over Web Scams
Andy Greenberg, 12.03.09 - Forbes.com In an investigation of shady online fees, the U.S. Senate is focusing on card companies.Sen. John D. Rockefeller, D. W.Va., wants to turn the spotlight on an often overlooked participant ...in some of the Web's shadiest schemes: credit card companies. In an open...

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BillMyParents and Offerpal Media Form a Strategic Partnership to Provide Innovative Payment Solutions for Tweens and Teens OnlineSAN DIEGO--(BUSINESS WIRE)--Socialwise, Inc. (OTCBB:SCLW - News) today announced that it has entered into a strategic partnership with Offerp...al Media (www.offerpal.com)...

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ARC – Accounts Receivable Truncated Check Entries
An ARC entry is a transaction for which the authorization is received in the mail or at a dropbox (can be received via US Mail, Fed Ex, UPS or any other traceable mail)  in the form of a check.  However, before it can ...be considered for conversion to an ARC entry, the Originator must ensure t...

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Banks' newest game: Debit card fees
Faced with new credit card restrictions, lenders are touting debit card loyalty programs. But many come with fees that may not be worth it for consumers. By David Ellis, CNNMoney.com staff writer - November 23, 2009 NEW YORK (CNNMo...ney.com) -- Could debit cards be the next cash cow for banks? ...

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Late payments on credit cards drop in 3rd quarter
By EILEEN AJ CONNELLY (AP) – 15 hours ago NEW YORK — For the first time in a decade, more people paid their credit card bills on time in the third quarter this year than in the second quarter. The delinquency rate on b...ank-issued cards like those bearing MasterCard and Visa logos fell to 1....

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Lower Card ‘Swipe’ Fees May Hurt Consumers, GAO Says
By Peter Eichenbaum Nov. 19 (Bloomberg) -- U.S. consumers may not save money and could wind up paying higher credit-card costs if lawmakers force payment networks including Visa Inc. and MasterCard Inc. to cut fees c...harged to merchants, a government watchdog said. “Merchants would benefit f...

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Merchants caught in middle of Heartland, VeriFone dispute
Battle over encryption technology could leave thousands with questionable support By Jaikumar Vijayan - November 17, 2009 - Computerworld Tens of thousands of customers of Heartland Payment Systems are finding... themselves caught in the middle of an escalating war between the payment processing...

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