Debit Cards

Prepaid card program manager Green Dot Corp. launched its GoBank mobile-banking application Tuesday. The app gives struggling Green Dot a powerful weapon to fight competitors for underbanked consumers or those simply dissatisfied with mainstream banks, including American Express Co., issuer of the new, low-fee Bluebird prepaid card account for customers …

Have the Durbin Amendment’s interchange restrictions cut into debit card revenue at the nation’s smaller financial institutions? In the wake of a spin war touched off on Monday by a merchant-controlled lobbying group, the answer appears to be: It depends on whom you ask. Monday morning, the Washington, D.C.-based Merchants …

The Federal Trade Commission disclosed on Wednesday that it is investigating whether payment card network rules and practices violate the debit card transaction-routing provisions of the Durbin Amendment in 2010’s Dodd-Frank Act. It’s uncertain, however, whether the investigation goes beyond what Visa Inc. said the FTC requested of it in …

In the wake of its path-breaking partnership with PayPal Inc., Discover Financial Services is ready to do more deals with other companies that will add transaction volume or build its acceptance footprint, chief executive David Nelms indicated on Thursday. Nelms also told stock analysts that growth in the Discover-owned Pulse …

A knotty problem involving the EMV chip card standard, debit card transaction routing, and the Durbin Amendment may take a crucial step toward resolution next month when the country’s two largest card networks are expected to indicate whether they will support a potential solution proposed by a debit-network group, according …

While some big banks pull back on debit card promotion, smaller institutions are finding ways to boost usage among customers who have cards but seldom use them. And some are finding out that, perhaps because of the time of the year, charitable appeals may work better than personal rewards. Co-Op …

For ATM owners struggling to attract consumer traffic, half a loaf of surcharge revenue may be better than none at all. A new program called Dollar$top from processor Fidelity National Information Services Inc.’s (FIS’s) NYCE electronic funds transfer network will put the concept of a limited fee to the test …

Fewer than two months after a competitor announced a similar deal, wireless payments provider Apriva Inc. this week reported that it would continue offering pre-Durbin Amendment discounted acceptance pricing on Visa cards to vending-machine operators. Debit card interchange in late 2011 became a major concern for vending-machine operators and other …

Already under investigation by the U.S. Department of Justice for its competitive response to the Durbin Amendment debit card regulations in 2010’s Dodd-Frank Act, Visa Inc. is now getting scrutiny from the Federal Trade Commission about a gateway service that routes transactions to PIN-debit networks. Visa disclosed on Friday in …

Visa Inc. on Wednesday reported brisk growth in its credit business and a stabilizing debit market while touting progress for its new digital wallet, V.me. Overall, the results released for Visa’s fourth quarter show the world’s biggest payments network is wising up about how to cope with a new, more …