Debit Cards

Universal Air Travel Plan's alternative-payments initiative added a fifth processor this week with the announcement that Acculynk Inc. will process PIN debit transactions online for airlines that choose to enable the option through UATP's switch. The news not only further's UATP's 3-year-old effort to add alternatives to credit cards for …

Visa Inc., which on Monday announced a pilot project to deliver transaction alerts to cardholders' mobile phones and e-mail inboxes, expects to launch the service some time next year as a commercial service for its members, Visa executives say. While the pilot, which involves eight banks in the U.S. and …

The PCI Security Standards Council on Monday unveiled a preview of its soon-to-be-released Version 1.2 of the Payment Card Industry data-security standard, an update the council's boss says adds no major rules. The update also will clarify existing requirements in Version 1.1, eliminate redundancies, and in general try to bring …

The Allpoint and Co-op surcharge-free ATM networks are bigger, but Minneapolis-based U.S. Bancorp's MoneyPass network has been on a quiet growth spurt in 2008. MoneyPass over the spring and summer has announced a number of new members and in October is set to boost its ATM count by another 3,000 …

Federal authorities on Tuesday announced 11 people from the U.S. and at least four other countries have been charged with numerous crimes stemming from computer intrusions at major retailers that resulted in the theft and sale of 40 million credit and debit card numbers. The vast scheme, with charges originating …

U.S. credit card transaction and dollar-volume growth once again played second fiddle to debit, according to the latest financial reports from MasterCard Inc. and Visa Inc. And U.S. debit and still-strong international growth kept the networks' operating earnings in the black during their quarters ended June 30, although a one-time …

Innovative Card Technologies Inc., a 15-year-old maker of high-tech bank cards, expects to have pilots under way with U.S. financial institutions by the end of September for its primary product, a credit-card-sized device that generates a one-time pass code for online transactions. Steven R. Delcarson, chief executive of the Los …

With an estimated 11 million point-of-sale terminals still in place in the U.S. processing card transactions on dial-up connections, processors and merchants are seeking ways to convert these devices to broadband without taking on the costs of replacing them. The latest is Transaction Network Services Inc., a Reston, Va.-based company …

Select-A-Branch, the multibranded surcharge-free ATM network, reported on Tuesday that it has completed installation of 10 machines in Massachusetts Bay Transportation Authority subway stations, but its growth train won't stop in Boston. “Look for us in some major airports,” Dan Stechow, chief operating officer of King of Prussia, Pa.-based Select-A-Branch …

Visa Inc.'s rule change regarding PIN-based debit card transactions, which antitrust authorities disclosed last week, raised hopes that PINless debit would soon be making headway in Internet payments, but on second glance that's not likely to be the case, analysts say. That's because the electronic funds transfer networks, not Visa, …