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.
Michael Carter/Silicon Prairie
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Michael Carter, Co-Founder and CMO of Silicon Prairie.
Commerce Cobrands
Commerce Bank has come together to offer Rewards credit card programs with more than ten organizations across the country. A regional bank with dual headquarters in St. Louis and Kansas City, Commerce continues to expand its co-brand credit card portfolio at a national level and establishing relationships in new markets.
Donald Boeding
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Donald Boeding, Merchant Services President of Vantiv.
Commerce Affinity Cards
Kansas City-based Commerce Bank is now offering a Visa Rewards credit card program in affiliation with Southern Illinois University (SIU) Alumni Association, North Dakota State University (NDSU) Alumni Association and Tennis Express.
Bitcoin ATM
A new Iowa-based company is deploying the first Bitcoin ATM in Iowa. Leverage Holdings offers technology solutions in the areas of crypto-currencies.
MLB & NFC
Ballpark food and beverage concessions at the 2014 World Series, which begins tonight, will be payment NFC-enabled. The Kansas City and San Francisco ballparks will be the first professional sports facilities to accept Apple Pay.
Cowboy Boot Breach
Frisco, TX-based Sheplers, a top multi-channel western-wear retailer specializing in cowboy boots has been hacked. The Company says the breach potentially impacts customers who used payment cards at Sheplers’ retail locations between June 11, and September 4. However, Sheplers does not believe the incident affected its online webstore.
Dream MasterCard
Chemical Bank® announced the launch of the Dream® MasterCard®. The Dream® MasterCard® is exclusive to Chemical Bank customers in Michigan and offers generous rewards with no overlimit fees, penalty rates or late fees.
Heartland Acquiring TouchNet
Heartland Payment Systems announced today that it has entered into an agreement to acquire TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions. TouchNet adds over 600 higher education clients serving over six million students – nearly one-third of the higher-education enrollment in the United States – to Heartland’s Campus Solutions business. Heartland Payment Systems, Inc., the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide.
TSYS Appoints NetSpend VP
Chuck Harris has been named senior executive vice president of TSYS and will continue to serve as president of NetSpend. Harris joined NetSpend as president in July, 2010, with responsibility for the partner, direct and corporate paycard lines of business, as well as the company’s products, technology and operations. Harris joined NetSpend from Intuit where he had served as general manager of the company’s payment solutions division. Prior to Intuit, he served as chief executive officer, president and chief operating officer of Electronic Clearing House (ECHO), an electronic payment solutions provider that was acquired by Intuit in 2007. Earlier in his career, Harris also served with Paymentech and its Merchant Link subsidiary.
RewardsNOW To Provide Loyalty and Merchant Funded Rewards Program
RewardsNOW loyalty programs for financial institutions announced Data Center (DCI) has partnered to provide loyalty and merchant funded rewards program services to its financial institution clients. DCI provides core processing software and related technologies for hundreds of community banks nationwide. RewardsNOW will provide DCI’s community bank clients with a fully comprehensive, enterprise-wide loyalty program consisting of a customized program website and access to RewardsNOW’s merchant funded rewards platform, including its local merchant funded shopping program, Shop Main Street; a merchant discount coupon program; and an integrated mobile application.