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Study: the High Cost of Credit Card Convenience (Convenience Store News) - WASHINGTON -- A report by Chicago-based Diamond Management and Technology Consultants Inc. found that the cost of interchange fees assessed by credit card companies does not add up to the benefits it provides.. CardEx and Pemco Sign Agreements with Eight Credit Unions to Offer Prepaid Debit Cards (Business Wire via Yahoo! Finance) - IRVINE, Calif. & SEATTLE----Card Express, Inc. , a global leader in prepaid debit card processing and services, and Pemco Technologies, a leading provider of innovative payment solutions, announced today that eight of Pemco's credit union customers have signed agreements to offer CardEx's instant issue gift cards to their members.. Nixu audits Data Security Standard requirement in Middle East to prevent credit card fraud (AME Info) - Nixu, a leading Finnish provider of information security and network systems, has started the audits of a new Data Security Standard (DSS) requirement for the Payment Card Industry (PCI) in the Middle East.. Credit card fraud case causes losses (The Muskegon Chronicle) - Thousands of West Michigan residents have had their credit or debit cards potentially "compromised" -- and swiftly canceled -- in recent weeks because of a still-undescribed fraud involving theft of card numbers.. Big Credit Cards Need to Change Practices, Says New Report (Progressive Grocer) - NOVEMBER 14, 2006 -- WASHINGTON, D.C. - Backed by findings of a new report, the Merchants Payments Coalition (MPC) said "merchants get nothing" out of programs that constitute nearly half of the $30.7 billion in credit and debit card interchange fees that Visa and MasterCard collect annually in the United States.. ERP Software enables ACCPAC Plus data conversion. (ThomasNet) - Offering credit card processing options for POS transactions, Sage BusinessVision 50 Accounting v7.1 automates tasks such as generation of PO, credit note creation, invoice duplication, and physical inventory posting. With ability to suggest alternate item parts, software takes customer account payments from POS and provides direct deposit functionality for Canadian employees in payroll module.. American Express to buy Harbor Payments (Reuters via Yahoo! News) - American Express Co. is close to announcing that it will purchase corporate payments management company Harbor Payments, a move that will expand the credit card issuer's processing business, a source close to the deal said on Monday.. Mike Lawrence Joins First American Payment Systems, L.P. as Senior Vice President and Chief Information Officer (Business Wire via Yahoo! Finance) - FORT WORTH, Texas----First American Payment Systems, L.P. , one of the fastest growing merchant credit card processing acquirers in the U.S., announced today that Mr. Mike Lawrence has been named Senior Vice President and Chief Information Officer.. Metavante and Yodlee Bolster Bill Pay with Reciprocal Agreement (Business Wire via Yahoo! Finance) - MILWAUKEE----Metavante Corporation today announced a reciprocal agreement with Yodlee, Inc. that infuses Metavante electronic bill payment with Yodlee's proprietary credit and debit card payment functionality, and integrates Yodlee solutions with Metavante's electronic bill payment processing capabilities.. Retail loans surpass overall credit growth (The Hindu) - The RBI has, however, expressed concern about the stagnation of bank credit to the SME sector. Retail loans have surged by 40.9 per cent in fiscal 2005-06, which was higher than the overall credit growth of 31 per cent, according to the RBI's report on Trend and Progress of Banking in India..