Issuing/Originating

Boosted in part by growing card-issuer demand for chip cards that support both contact and contactless payments, card manufacturer CPI Card Group Inc. on Thursday reported a 32% first-quarter increase in sales of U.S. credit and debit cards. Littleton, Colo.-based CPI didn’t specify how much dual-interface cards, which can handle …

Cardlytics Inc., a company that uses purchase data to help financial institutions manage their rewards programs with retail partners, reported its count of monthly active users reached 108.5 million in the first quarter, up 85% over the first quarter of 2018, as users from new clients JPMorgan Chase & Co. …

Green Dot Corp. saw its shares plummet Thursday morning after its chief executive late Wednesday surprised stock analysts with a plan to invest $60 million later this year in initiatives aimed at expanding the company’s reach into new markets for banking services. At mid-morning, the Pasadena, Calif.-based payments company was …

Bank of America Corp. is considering not renewing its merchant-acquiring joint venture with First Data Corp., known as Bank of America Merchant Services, when the contract ends in June 2020, The Wall Street Journal reported, citing unnamed sources. BAMS is the nation’s third-largest acquirer, having processed $840 billion in payment …

An automated clearing house network rule tightening security around Internet purchases, one of the ACH’s fastest-growing transaction categories, is set to take effect Jan. 1. The rule change, technically an amendment, affects so-called WEB debits, which cover a wide variety of ACH-funded Internet payments. It will require merchants as ACH …

NACHA said automated clearing house volume in the first quarter totaled 6 billion payments that included 3.5 billion debit transactions and 2.5 billion credit transactions. Internet-initiated payments increased 10.3% to 1.6 billion. Same-day ACH transactions totaled 52.7 million, up 24% from a year prior. NACHA also launched the NACHA Corporate …

Will it or won’t it? Those eagerly awaiting word about whether the Federal Reserve will directly operate a real-time gross settlement system will have to wait a bit longer. The Fed last October said it was considering whether to directly develop and operate a RTGS system as an outgrowth of …

Long-time NACHA president and chief executive Jan Estep will cede that role July 1 to chief operating officer Jane Larimer, the organization announced Monday. Estep will formally retire at the end of the year, NACHA said, following a confidential process she set in motion late in 2018 with NACHA’s board …

The board of directors of Mitek Systems Inc., the developer of remote deposit capture and identity-verification software, has concluded its “strategic review” of alternatives that could have led to the company being acquired, but now plans to remain independent. “Our board, following a thorough review of the results and in …

Boosted in part by transit systems and other merchants adopting contactless payments, the Apple Pay mobile-payments service had another quarter of record volume and is heading for a milestone this year, Apple Inc. chief executive Tim Cook said Tuesday. “Apple Pay transaction volume more than doubled year-over-year, and we are …