Cards International News for the Week of May 9th - 13th 2011

Leveraging trust in FIs to drive m-payments adoption

Fri, May, 13 2011

Consumers are looking for the trust of a financial brand and familiarity of a mobile brand if they are to adopt m-payments, according to a study by market research agency GfK NOP.Free

DOJ blocks VeriFone acquisition of Hypercom

Fri, May, 13 2011

The US' Department of Justice (DOJ) has filed a civil antitrust lawsuit intended to block the acquisition of e-payments solutions provider Hypercom by rival VeriFone worth $485m.Free

Cards & Payments Awards 2011 – Finalists announced

Thu, May, 12 2011

The shortlist for this year’s Cards & Payments Awards have been revealed. Marks & Spencer, Lycamoney and Facebook are among the companies vying for this year’s honours.Free

Google casts doubt on NFC m-payments

Thu, May, 12 2011

Google casts a long shadow over the future of m-payments using near-field communication (NFC) technology as its developers effectively write off card emulation as the way forward.Free

Visa announces digital wallet plans

Thu, May, 12 2011

Industry insiders question merchant enthusiasm for Visa Inc’s plans to launch a cross-channel digital wallet in the US and Canada during the autumn months of 2011.Free

FreeMonee launches new gift network

Thu, May, 12 2011

A new gift network has been launched that enables merchants to give their customers “cash gifts” straight onto their credit and debit cards.Free

7-Eleven launches money transfer service

Wed, May, 11 2011

Money transfer company Ria Financial Services and cash-payment network PayNearMe have teamed up to launch a money transfer and bill payment service across 5,000 US locations of convenience store chain 7-Eleven.Free

Carta integrates MasterCard's MOTAPS

Wed, May, 11 2011

Payments solutions provider Carta Worldwide has integrated a MasterCard platform for near-field communication (NFC) programmes, claimed to a processor first.Free

Visa boosts presence in Egypt

Wed, May, 11 2011

Visa is planning to expand its operations in Egypt in a bid to drive its growth across North and West Africa.Free

Card fraud more concerning than terrorism

Mon, May, 9 2011

Payment card fraud is the prime concern for consumers in UK, ahead of concerns over physical security – such as terrorism – says IT services firm Unisys’ security index.Free

SPA reports 18% increase in EMV shipments

Mon, May, 9 2011

Global shipments of EMV-enabled payments cards grew 18% to 798m in 2010, according to the Smart Payment Association (SPA).Free

ViVOtech Ready, Willing, Able to Buy Hypercom U.S. Assets

ePayment News Blog Related:

• ViVOtech Approaches VeriFone to Acquire Hypercom’s US Assets
• VeriFone and Hypercom Announce Agreement to Sell Hypercom’s U.S. Payment Systems Business
• Justice Department Files Antitrust Lawsuit to Stop VeriFone from Buying Hypercom and Entering into Anticompetitive Divestiture Agreement with Ingenico

May 13, 2011 10:00 AM Eastern Daylight Time 

NFC Pioneer’s Approach Seeks to Ensure U.S. Market for Point-of-Sale Terminals Remains Competitive

SANTA CLARA, Calif.--(BUSINESS WIRE)--ViVOtech, the near field communication (NFC) software and systems company, today said it has renewed its approach to VeriFone Systems, Inc. (NYSE: PAY) to acquire the U.S. assets of Hypercom Corporation (NYSE: HYC).

“We can move quickly and have the experience, the track record, the management team, and the unanimous support of our investors to pursue this acquisition and make it successful”

ViVOtech CEO, Michael (Mick) Mullagh, said he hoped ViVOtech’s approach would provide a path to resolve Justice Department concerns that drove the filing of a civil antitrust lawsuit yesterday in federal district court that puts VeriFone’s deal to acquire Hypercom on ice.

VeriFone announced plans to buy Hypercom in November in an all-stock deal valued at $485 million. ViVOtech announced on March 31 that it had approached VeriFone to acquire the U.S. assets of Hypercom. On April 2 VeriFone said it would sell Hypercom’s U.S. assets to France’s Ingenico SA for $54 million in cash. Federal regulators yesterday said that was not enough to resolve antitrust concerns.

“We totally understand the DOJ’s concerns, because the cozy deal would essentially create a collaborative duopoly in this competitive market inhibiting choice and innovation, just as the NFC mobile commerce market is on the cusp of becoming reality,” said Mullagh. “We believe our renewed approach to VeriFone if executed, will be good for consumers and merchants, and perhaps more importantly, is in the best interest and benefit of VeriFone and Hypercom shareholders.”

At issue is NFC mobile commerce technology that allows consumers to use their mobile phones to make payments, and take advantage of real-time in-store personal marketing offers, merchandising campaigns, and loyalty programs at the point of sale. ViVOtech’s acquisition of the Hypercom U.S. assets would allow it to accelerate the adoption of this revolutionary new technology and ensure that a vigorous and competitive market emerges.

“We still see the acquisition of Hypercom’s U.S. assets as a strategic and transformative opportunity for our company to enhance next-generation NFC platforms, and accelerate the adoption of in-store mobile payment, loyalty, marketing and merchandising solutions in the U.S.,” said Mullagh. “We are also the company that is in the best position to support and provide continuity to Hypercom’s customers and to become a strong, viable third competitor maintaining a highly competitive market.”

ViVOtech is well capitalized and has been strongly supported by a broad base of financial and strategic investors. The company has retained Morgan Keegan and Wilson Sonsini Goodrich & Rosati to assist in the acquisition of the Hypercom assets.

“We can move quickly and have the experience, the track record, the management team, and the unanimous support of our investors to pursue this acquisition and make it successful,” said Mullagh.

About ViVOtech

ViVOtech, the near field communication (NFC) software and systems company, enables rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. Merchant, payment, mobile, web and advertising companies use ViVOtech solutions to enhance customer experience and grow their business. ViVOtech’s NFC software and systems are the broadest, most tested and deployed worldwide. Founded in 2001, Silicon Valley-based ViVOtech provides the key building blocks of the NFC ecosystem: smart applications for enhancing the customer experience, wallet and trusted service manager, (TSM) software, and point-of-sale systems. ViVOtech’s investors include Alloy Ventures, Citigroup, Draper Fisher Jurveston, First Data Corporation, Motorola Ventures, Nokia Growth Partners, NCR, and Sprint. Join the NFC revolution at http://www.ViVOtech.com.

Contacts

For ViVOtech
Kristin Miller, +1 719-634-8292
kmiller@sspr.com

Related articles

• Everything You Need or Wanted to Know About NFC (epaymentnews.blogspot.com)
• ViVOtech Approaches VeriFone to Acquire Hypercom's U.S. Assets (stiel.org)
• NFC in 2011: ViVOtech, the "Brains" Behind NFC (readwriteweb.com)

Verifone and Hypercom Respond to Department of Justice Antitrust Complaiint

May 12, 2011 07:07 PM Eastern Daylight Time 

SAN JOSE, Calif. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE:PAY) and Hypercom Corporation (NYSE:HYC) today commented on the civil antitrust lawsuit filed today by the United States Department of Justice (“DOJ”) against VeriFone and Hypercom:

“the planned sale of Hypercom’s U.S. POS terminal business to Ingenico does not resolve the antitrust concerns raised by the VeriFone/Hypercom transaction because the assets are to be sold to another significant competitor in the market in a manner that does not create a new, independent, long-term competitor.”

On November 17, 2010, VeriFone and Hypercom announced that they had entered into a merger agreement. In an effort to resolve potential antitrust issues with the merger, Hypercom announced on April 4, 2011, that it had entered into an agreement to sell its U.S. point-of-sale terminal business to Ingenico S.A.

According to the DOJ’s press release, “the planned sale of Hypercom’s U.S. POS terminal business to Ingenico does not resolve the antitrust concerns raised by the VeriFone/Hypercom transaction because the assets are to be sold to another significant competitor in the market in a manner that does not create a new, independent, long-term competitor.”

VeriFone and Hypercom intend to work with the DOJ to better understand its concerns and assess various options for the planned divestiture of Hypercom’s U.S. business, including the possibility of a divestiture to an alternative buyer. The companies continue to believe in the compelling benefits that the merger will provide to customers, employees and stockholders. Assuming a successful resolution of this and other closing conditions, the companies believe that the merger can be completed in the second half of 2011.

Sullivan & Cromwell LLP is acting as legal counsel for VeriFone and DLA Piper US LLP is acting as legal counsel for Hypercom.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.

This press release includes certain forward-looking statements related to VeriFone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc. and Hypercom Corporation. These risks and uncertainties include whether the proposed transaction described in this press release can be completed in a timely manner or at all, and whether the anticipated benefits of the proposed transaction can be achieved. For a further list and description of risks and uncertainties, see our periodic filings with the Securities and Exchange Commission. VeriFone is under no obligation to, and expressly disclaim any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

About VeriFone Systems, Inc. (www.verifone.com)

VeriFone Systems, Inc. ("VeriFone") (NYSE:PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer- facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

About Hypercom (www.hypercom.com)

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.

Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

Contacts

For VeriFone Systems, Inc.
Investor Contact:
Doug Reed -- Vice President,
Treasurer and Investor Relations
408-232-7979
ir@verifone.com
or
Editorial Contact:
Pete Bartolik
VeriFone Media Relations
pete_bartolik@verifone.com
508-283-4112
or
For Hypercom Corporation
Investor Contacts:
Scott M. Tsujita
Hypercom Corporation
480-642-5161
stsujita@hypercom.com
or
Alan Miller/Jennifer Shotwell/Larry Miller
Innisfree M&A Incorporated
212-750-5833
or
Media Contacts:
Pete Schuddekopf
Hypercom Corporation
480-642-5383
pschuddekopf@hypercom.com
or
Steve Frankel/Tim Lynch/Jed Repko
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Justice Department Files Antitrust Lawsuit to Stop VeriFone from Buying Hypercom and Entering into Anticompetitive Divestiture Agreement with Ingenico

Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASE

Deal Would Substantially Reduce Competition in Sale of Point of Service Terminals Resulting in Higher Prices and Reduced Innovation, Quality, Product Variety, Service

WASHINGTON — The Department of Justice filed a civil antitrust lawsuit today to block the proposed acquisition by VeriFone Systems Inc. of Hypercom Corp.   The department said that the proposed deal would substantially lessen competition in the sale of point-of-sale (POS) terminals in the United States, resulting in higher prices and reduced innovation, quality, product variety, and service.  

The department said that although VeriFone and Hypercom proposed a fix to resolve the antitrust concerns with the merger, it did not adequately resolve the competitive concerns. The department filed its lawsuit in U.S. District Court in Washington, D.C.

POS terminals are used by retailers and other firms to accept electronic payments such as credit cards and debit cards.   VeriFone and Hypercom together control more than 60 percent of the U.S. market for the POS terminals used by the largest retailers.   They are two of only three substantial sellers of other types of POS terminals.  

“The combination of VeriFone and Hypercom would likely lead to retailers paying higher prices for POS terminals,” said Christine Varney, Assistant Attorney General in charge of the Department of Justice’s Antitrust Division.   “The proposed divestiture does not resolve the significant competitive concerns posed by the merger, and in some ways exacerbates them.”

On Nov. 17, 2010, VeriFone agreed to purchase Hypercom in a transaction valued at $485 million.   In an effort to resolve antitrust issues with the merger, Hypercom announced on April 4, 2011, that it had entered into an agreement to sell its U.S. business to Ingenico S.A., the largest provider of POS terminals worldwide and the only other significant competitor to VeriFone and Hypercom in the United States.  

According to the department’s complaint, the planned sale of Hypercom’s U.S. POS terminal business to Ingenico does not resolve the antitrust concerns raised by the VeriFone/Hypercom transaction because the assets are to be sold to another significant competitor in the market in a manner that does not create a new, independent, long-term competitor.   In addition, the structure of the agreements between Ingenico and VeriFone, the only two significant POS sellers in the United States post-merger, enhances VeriFone and Ingenico’s ability to coordinate pricing for all POS terminals.

VeriFone is a Delaware corporation headquartered in San Jose, Calif.   VeriFone earned more than $1 billion in worldwide revenues in its last fiscal year, ending in October 2010.

Hypercom is a Delaware corporation headquartered in Alpharetta, Ga.   Hypercom earned more than $450 million in worldwide revenues in 2010.

Ingenico is a French corporation with worldwide revenues in 2010 of more than $1.3 billion.

Related articles

• PRESS RELEASE: Justice Department Files Antitrust Lawsuit to Stop VeriFone from Buying Hypercom and Entering into Anticompetitive Divestiture Agreement with Ingenico (fredericacade.wordpress.com)

Global Payments to Present at Upcoming Investor Conferences

Image via CrunchBase

Conferences include: "J.P. Morgan 39th Annual Global Technology, Media & Telecom Conference," "Stephens Spring Investment Conference" and "Bank of America Merrill Lynch Services Conference"

ATLANTA, May 13, 2011 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), represented by Chairman & Chief Executive Officer, Paul R. Garcia, will present at the "J.P. Morgan 39^th Annual Global Technology, Media & Telecom Conference" on May 17, 2011.  Mr. Garcia is expected to present at 10:00 a.m. EDT.  The conference will be held in Boston, MA and can be accessed via Web cast at www.globalpaymentsinc.com.

(Logo:  http://photos.prnewswire.com/prnh/20010221/ATW031LOGO )

Executive Vice President and Chief Financial Officer, David E. Mangum, will present at the "Stephens Spring Investment Conference" on May 24, 2011 in New York, NY at 9:00 a.m. EDT.  Mr. Mangum will be hosting meetings at the "Bank of America Merrill Lynch Service Conference" in the afternoon on May 24, 2011 in New York, NY.  The formal presentations made by Mr. Garcia and Mr. Mangum can be accessed via Web cast at www.globalpaymentsinc.com.

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region.  Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management.  Visit www.globalpaymentsinc.com for more information about the company and its services.

Contact: Jane M. Elliott
770-829-8234
investor.relations@globalpay.com

SOURCE Global Payments Inc.

NRF Says Bernanke Remarks Show No Need to Delay Swipe Fee Reform

May 12, 2011 05:11 PM Eastern Daylight Time

WASHINGTON--(BUSINESS WIRE)--The National Retail Federation welcomed Federal Reserve Chairman Ben Bernanke’s remarks before the Senate Banking Committee today on regulations aimed at lowering the “swipe” fees banks charge retailers and consumers to process debit card transactions by more than $1 billion a month.

Bernanke was asked about swipe fee reform during a hearing this morning on implementation of last year’s Wall Street reform bill, which included a provision requiring that debit card swipe fees be “reasonable” and “proportional” to banks’ costs in processing the transactions.“Chairman Bernanke has made it clear not once but twice now that there is no need to delay swipe fee reform and the savings it will bring to American consumers this summer,” NRF Senior Vice President and General Counsel Mallory Duncan said. “The big banks claim they want a study, but the truth is that they want to kill reform. The Federal Reserve and the merchant community are committed to carrying out Congress’ intent to bring these fees under control. Big banks should not be allowed to take these savings away from retailers and their customers.”

“We have plenty of information,” Bernanke responded when asked about further study of the issue. “That is not a problem.”

At the same hearing, Federal Deposit Insurance Corporation Chairwoman Sheila Bair downplayed banks’ claims that small and medium-sized banks would be harmed even though institutions under $10 billion in assets are exempt and retailers have pledged to continue to accept cards from all banks.

“Initial analysis is that there shouldn’t be an impact on safety and soundness,” Bair said.

Regulations that would reduce swipe fees by about 70 percent are scheduled to take effect July 21, but the banking industry is pushing for passage of a bill sponsored by Senator Jon Tester, D-Mont., that would delay reform by two years and require a study. Tester introduced the bill even though Congress held seven hearings and ordered two Government Accountability Office reports before enacting last year’s law.

Today is the second time in six weeks that Bernanke has pushed back against calls for delay. On March 29, he said the Fed would not have final regulations in place by its original April 21 goal because of the large volume of comments received on both sides of the issue, but would make the rules final in time to be implemented in July as scheduled.

Regulations proposed by the Fed in December would lower debit card swipe fees from their current level of 1 to 2 percent of each transaction to a flat fee of no more than 12 cents per transaction for large banks that adhere to fee schedules set by the card companies. Banks that set their own rates would be free to charge any fee they believe the market would bear provide that they do so independently. The move would reduce the current $20 billion a year in debit swipe fees by an estimated $1.2 billion a month.

Merchants are making a wide variety of plans to pass the savings along to customers who use debit cards, ranging from discounted prices to benefits and increased services such as free delivery at an appliance store, but would be unable to do so if reform is delayed.

As the world's largest retail trade association and the voice of retail worldwide, NRF's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2010 sales of $2.4 trillion. www.nrf.com

www.nrf.com/swipefees

Watch NRF Video Explaining Swipe Fee Impact on Consumers

Contacts

National Retail Federation
J. Craig Shearman, 202-626-8134
shearmanc@nrf.com

Michaels Shares Additional Information on Tampered PIN Pads

Image via Wikipedia

Retailer offers additional details in PIN pad tampering investigation

Michaels Secures U.S. Stores

IRVING, Texas, May 12, 2011 /PRNewswire/ -- Michaels has removed the PIN pad tampering threat from its U.S. stores and believes it has identified the time frame that customer information was exposed. Based on the latest information available, exposed PIN pad transactions occurred from February 8 through May 6, the date Michaels disabled the tampered devices.

"We are confident Michaels is a safe place to shop," said Michaels CEO John Menzer. "We want to express how deeply we regret any issues experienced by our loyal customers who have been affected in any way, and thank all our customers for their support."

The Secret Service has commended Michaels' quick action in alerting consumers and disabling devices in its US stores. Though the investigation is ongoing, as of May 12, fewer than 100 customer PIN debit cards have been reported used in fraudulent transactions.  

While credit card information may also have been exposed during that time frame, law enforcement officials have not received any reports of related credit card fraud.

Michaels continues to work closely with payment card brands and issuers to identify the accounts that may have been compromised so issuers can employ enhanced fraud security measures immediately on potentially impacted accounts. In addition, the company is assisting federal and state law enforcement authorities to help find the persons responsible for the crimes.

Michaels continues to urge customers to take precautionary measures such as checking their accounts for unauthorized transactions. Consumers who believe their accounts were used without authorization should contact the card issuer directly.

For additional information and updates, including a list of stores where tampered PIN pads were found, visit the Michaels website atwww.Michaels.com. Customers may also call for 800-MICHAELS (642-4235) with questions.

About Michaels

Irving, Texas-based Michaels Stores, Inc. is North America's largest specialty retailer of arts, crafts, framing, floral, wall decor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The company currently owns and operates more than 1,045 Michaels stores in 49 states and Canada, and over 140 Aaron Brothers stores, and produces ten exclusive private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland™, Celebrate It®, Art Minds®, Artist's Loft®, Craft Smart® and Loops & Threads™. For more information visit www.Michaels.com  

Media Contact: Kristen Kauffman
(817) 329-3257 Michaels@spmcommunications.com

SOURCE Michaels

Related articles

• Michaels identifies tampering at PIN pads in some Washington stores (seattletimes.nwsource.com)
• Pin Pad Tampering Case Struck Queens' Arts And Crafts Store (newyork.cbslocal.com)

On the Eve of Implementation, Fed Chairman Bernanke and FDIC Chairman Bair Still "Concerned" that Debit Card Rule Exemption for Small Financial Institutions Won't Work

Image via Wikipedia

Exchanges with Senator Jon Tester Reiterate Administration's Concerns about Negative Impact of Durbin Interchange Rule

WASHINGTON, May 12, 2011 /PRNewswire/ -- In testimony before the Senate Banking Committee today, Federal Reserve ChairmanBen Bernanke acknowledged that there is "good reason to be concerned" that the so-called "exemption" for small financial institutions in the Fed debit card rule will not work in practice.

The full exchange, with Senator Jon Tester (D-Montana), went as follows:

Senator Tester [on the proposed interchange rule]: I'm talking about rural America here. I'm talking about community banks and credit unions and if they go away, it's another nail in our coffin. It's really important. I think it's really important. Is it going to work?

Chairman Bernanke: I can't say with certainty. There is good reason to be concerned about it.

Senator Tester: Very good reason to be concerned about it. And if it doesn't work, what's the impact on rural America?

Chairman Bernanke: Well, it's going to affect the revenues of the small issuers and it could result in some smaller banks being less profitable or even failing.

FDIC Chairman Sheila Bair, who also testified at the hearing, said it is "questionable" if the exemption for community banks and credit unions would work.

Senator Tester: Do you think it is possible to exempt community banks from debit interchange?

Chairman Bair: I think it is questionable. We had suggested that the Fed perhaps could use authority under Reg. E to require that the networks accept two-tier pricing, and our lawyers probably have a different perspective on that, and obviously that's the Fed's call as it is the Fed's rule.  So, if their view is that there is no reasonable authority to require that, I think it does become even more problematic. I do think that this is going to reduce revenues at a number of smaller banks and they will have to pass that on to customers in terms of higher fees, primarily for transaction accounts.  That's going to happen and again, is that the right result, is that the result Congress wanted?  You need to determine that but I think that's going to happen.

Both Chairmen Bernanke's and Bair's testimony reinforces comments made in previous hearings this year expressing concern about potential harm to community banks and credit unions.

"The nation's senior economic policymakers continue to express concerns that small financial institutions and their customers will be harmed by the Durbin amendment, on the eve of intended implementation," said Trish Wexler, spokeswoman for the Electronic Payments Coalition.  "Why the rush?  Slow this down and get it right before it's too late."

++++++++++++

About the Electronic Payments Coalition

The Electronic Payments Coalition (EPC) includes credit unions, banks, and payment card networks that move electronic payments quickly and securely between millions of merchants and millions of consumers across the globe. EPC's goal is to protect the value, innovation, convenience and competition in today's growing electronic payments system. EPC educates policymakers, consumers and the media on the system's role in economic growth, and the importance of protecting consumer choice and stability for the continued growth of global commerce.

SOURCE Electronic Payments Coalition

Related articles

• Bernanke Says Debit-Card 'Swipe' Rules May Cause Bank Failures (businessweek.com)