Interchange rates on ATM transactions are falling and may not have hit bottom yet, so independent distributors of ATMs need to look for additional sources of revenue. That is the conclusion of a recently released white paper entitled, “The Future of Interchange in the United States,” sponsored by the …

  The retailer-backed Merchant Customer Exchange (MCX) mobile-payments system on Wednesday took another step toward its launch with the announcement that Netherlands-based Gemalto N.V. would provide the technology for its mobile wallet. Gemalto, which employs 224 workers at its U.S. headquarters in Austin, Texas, is best known for producing SIM …

  New competition from national and regional players is helping to moderate prepaid card pricing for consumers, according to a survey released on Monday by Bankrate.com. Indeed, the majority of the 24 cards studied by the North Palm Beach, Fla.-based information service now carry no fees at all for such …

  In one of the stranger twists arising from the controversial settlement to credit card interchange litigation, the federal judge overseeing the massive case on Thursday gave lawyers for two feuding merchant groups a week to propose changes to a Web site that urges merchants to opt out of the …

  Consumers making purchases with the Chicago Transit Authority’s coming Ventra combination transit and general-purpose MasterCard prepaid card are expected to incur maximum user fees of $8.45 in a given month, provided the cardholder triggers all the expected fees in that time period, according to processor First Data Corp. The …

  Digital currency Bitcoin is making strides in its campaign to be viewed as a legitimate alternative to traditional payment methods. A major Bitcoin processor—Atlanta-based BitPay Inc.—yesterday announced it had processed more than $5.2 million in Bitcoin transactions for its e-commerce merchants during March. And earlier in the week, the …

It is the bane of the business press that it is prone to hyperbole. This or that development or trend, worthy of being reported but hardly the Second Coming, is heralded as such in tones of institutional sincerity. Such is the temptation with the news, which broke late in February, …

As they began their work, some Federal Reserve Board governors expressed uneasiness with the task Congress assigned them in 2010 through the Dodd-Frank Act: implement the debit card regulations called for in the sweeping law’s Durbin Amendment. In March, however, the Fed expressed enough satisfaction with its handiwork to declare …

Karen Epper Hoffman It’s been 18 months since the Durbin Amendment’s debit card interchange cap took effect. Who is benefitting the most from the first government intervention into card-acceptance pricing? A year-and-a-half after the Durbin Amendment’s debit card interchange cap took effect, the radical legislation that created the cap remains …

Lauri Giesen Declining interchange revenues are squeezing non-bank ATM owners and managers, but new revenue sources and technology could ease the pain. It’s a challenging time for many deployers of ATMs in off-premise locations. With higher costs caused by changing government and network regulations and declining interchange revenue, many independent …