The Fed’s announcement on Thursday of a new rule prohibiting overdraft fees on debit card and ATM transactions without consumer opt-in is an economic earthquake for retail banks. The Center for Responsible Lending has estimated that banks make $23.7 billion in...
I was particularly interested in the merchant funded rewards session put on by Jonathan Silver of Affinity Solutions and John MacMillan from Comerica Bank. Having listened to several discussions point to debit card rewards as important to consumers, this session...
Glenbrook Partners' Jacqueline Chilton is attending the ATM, Debit and Prepaid Forum 2009 in Las Vegas this week. Sessions focus on self service and cash management, the debit portfolio and prepaid products. Additionally, non-traditional, alternative payments have...
The second Keynote speaker for the ATM, Debit & Prepaid Forum 2009 was Robert O. Carr, Chairman and CEO, Heartland Payment Systems. Proud of their reputation for full disclosure with merchants, they had to put it to the test with their Jan 20, 2009...
Kicking off the ATM, Debit & Prepaid Forum 2009 was the keynote address from Tim Murphy, Group Executive Core Products, Global Debit & Prepaid, MasterCard Worldwide. He predicts that great companies will emerge from the economic downturn’s storm by showing...
This is one of a series of posts with highlights of the ATM, Debit & Prepaid Forum 2009 preconference workshops. You can find an index of posts from the conference here. Successfully Navigating the Debit Payment Evolution provided food for thought for debit...
Glenbrook Partners' Jacqueline Chilton will be attending the ATM, Debit and Prepaid Forum 2009, October 18-20 in Las Vegas next week. Sessions will focus on self service and cash management, the debit portfolio and prepaid products. Additionally, non-traditional,...
I jumped at the opportunity to interview Jason Hogg, CEO of Revolution Money, parent company of Revolution Card. My colleagues and I at Glenbrook Partners are frequently tapped as a source of information about the very latest goings on in the world of “alternative...
In a frankly depressing but undoubtedly realistic column this morning titled "National Addiction to Easy Credit Remains Consumers' Downfall", Michelle Singletary, the Washington Post's personal finance columnist, writes that the credit card reforms being put into...
Last week, Visa reported its second fiscal quarter financial results - and included a mention that Visa's US debit card purchase volume in the fourth calendar quarter of 2008 slightly exceeded that of its US credit card purchase volume ($206 billion vs. $203...
