ATM & OD Fees
A new survey shows the average fee for using an out-of-network ATM rose four percent over the past year to a record $4.52 per transaction.The average overdraft fee also set a new record ($33.07) and is up nine percent since 2010.
CFPB & Encore & PRA
The Consumer Financial Protection Bureau nailed of the nation’s two largest debt buyers and collectors for using deceptive tactics to collect bad debts. The Bureau found that Encore Capital Group and Portfolio Recovery Associates (PRA) bought debts that were potentially inaccurate, lacking documentation, or unenforceable.
Bluepoint & Mitek
Bluepoint Solutions has inked a deal with Mitek. Bluepoint’s mobile remote deposit capture (RDC) solution, QwikDeposit ToGo, will now include Mitek MiSnap for automated mobile check capture.
Payment Kiosk Batteries
Paralan Kiosk now offers the add-on option to transactions customers via payment kiosks to integrate a tested and certified Battery Backup Power. The UPS allows existing transactions to complete when a power outage occurs and provides up to 30 minutes of automatic backup power depending on kiosk usage.
Cubic
CardWeb.com’s CardData database of Company Profiles today features Cubic.
Moneris + PowaTag
Moneris Solutions Corporation announced it will be entering into a relationship with Powa Technologies to be the preferred Canadian provider of PowaTag, a unique mobile solution that extends the world of online commerce to traditionally offline environments.
Powa + S-Cubism
Powa Technologies has gone to bed with S-Cubism Technologies to become the first Japanese-based POS software provider to complete integration with its PowaPOS tablet-based hardware. The full-featured solution will use its EC-Orange POS for iPad and Windows, and is available from Billing System Corporation, a leading payment gateway and reseller.
VeriShield Total Protect
Verifone’s end-to-end encryption and tokenization solution has been vetted against PCI Data Security Standard (DSS) requirements. VeriShield Total Protect protects merchants, payment providers and consumers alike.
Q1 Consumer Debt
Total U.S. consumer debt hit $9.99 trillion in the first quarter, down 1.1% from Q1/14. While credit card debt remains robust, the slight year-on-year (YOY) decline is driven by a contraction in first and second mortgage debt.
Debit Rewards
New research reveals that five years after the passage of the Durbin Amendment, debit rewards programs have rebounded such that 50-60% of financial institutions in the USA are offering debit rewards in one form or another.
RMV & Cubic
Rhein-Main-Verkehrsverbund (RMV), one of Europe’s largest transport associations, has sold five million tickets through its Cubic-developed mobile ticketing app.
Oyster Card Award
Cubic Transportation Systems and TfL (Transport for London) have been awarded Best Bank-Card Ticketing Scheme at the 2015 Transport Ticketing Awards on January 27.