debit cards

Veritec, Inc., a developer of mobile banking debit card solutions and a pioneer and developer of proprietary two-dimensional matrix technology, today announced that its subsidiary, Veritec Financial Systems, Inc. (“VTFS”), entered into agreement with Cities in Touch (“CIT”) of Hot Springs, Arkansas to integrate VTFS’ mobile banking software platform with CIT’s ATM and debit card issuing kiosk systems.

 The fast growing payment processor RBS WorldPay announced that it is now processing debit cards of National Payment Card Association (NPCA).

"RBS WorldPay is committed to offering our clients a wide range of card acceptance solutions," said Ian Drysdale, senior vice president of Market Development for RBS WorldPay. "Leading merchants are requesting alternative forms of payment that can reduce costs and increase sales. By processing cards from National Payment Card Association, we are further delivering on that promise."

One World Ventures, Inc., a holding investment company, announces that one of the principal markets for 1World Card ATM/ Debit Card products and services will be customers that need a payment solution for payroll or sales compensation. 1World Card is now branching out to provide its services to reach the global financial market.

GamCare, the leading national authority on the provision of advice, practical help, support and counseling in addressing the social impact of gambling, have today supported the use of prepaid debit cards as a practical means by which online gamblers can monitor their online gambling budget. To reinforce this message, Eclipse Prepaid MasterCard today announced the launch of a specialist landing page for customers wanting to deposit money into their gaming accounts.

Veritec, Inc., a pioneer and developer of proprietary two-dimensional matrix technology and developer of mobile banking debit card solutions, today released its MTC™ Mobile Toggle Card Program on the company’s mobile banking software platform. Veritec’s mobile banking software platform is a debit, pre-paid and gift card solution that is licensed by Veritec Financial Systems, Inc.

According to the Caledonia Courier, new computer chips embedded in credit and debit cards are causing a bit of confusion at the checkout counter. Banks and retailers across Canada are starting to use the new cards, with account information stored on an embedded chip as well as a magnetic stripe on the back. The chips increase security, especially with credit cards that now use a four-digit personal identification (PIN) number instead of a signature to verify the purchaser’s identity.

Paymark reports that New Zealanders are continuing to purchase with EFTPOS rather than rely on credit cards. Debit card use was up 7.8 % per annum for the month of May while credit card use remained flat at just 0.4 % rise. Paymark CEO, Simon Tong, commented that it was positive to see people were still choosing to spend money they already had in the bank, a trend that emerged earlier in the year, rather than racking up credit card debt during tougher economic times.

JPMorgan Chase & Co. decided to shift more business to Visa Inc., thereby MasterCard Inc., the world’s second- largest electronic payments network, will lose more than half of a $59 billion portfolio of U.S. debit-card users. This information was received from two people familiar with the matter but they declined to be identified because the switch hasn’t been officially announced.

PULSE has launched PULSE Select, a surcharge-free ATM network alliance with the MoneyPass Network. Owing to the PULSE Select/MoneyPass Surcharge-free ATM Network more than 16,000 surcharge-free ATMs are available now to the financial institution participants in the US.