Tuesday , January 22, 2019

Competitive Strategies

Why Ticketing Kiosks Are Checking into Hotels

The next step in transaction automation in the travel industry may well be the introduction of self-service ticketing machines, which are getting increasing usage at airports, into related markets like hotels, allowing travelers to integrate several transactions into one. Already, self-service kiosks at hotels allow travelers not only to check …

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A Check Hauler Gets Set to Embrace the Future

Fast Forward Solutions LLC, a subsidiary of Columbus, Ohio-based air-freight hauler AirNet Systems Inc., is gearing up AirNet's seven regional hubs to handle Fast Forward's new business: transporting image-replacement documents for banks converting from paper checks to check imaging. Within six weeks, says Jeff Harris, the former banker and AirNet …

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Chase-Bank One Merger Creates a Transactions Powerhouse

The merger of banking powerhouses J.P Morgan Chase & Co. and Bank One Corp., announced late yesterday, would create the nation's second largest credit card issuer as measured by credit outstanding, the banks' chief executives said this morning in a meeting with analysts. The combined bank would boast 95 million …

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FDC Shareholders Don’t Have to Okay Revised Concord Terms

First Data Corp. will not need to seek the approval of its shareholders for the revised terms announced Monday under which it will acquire Concord EFS Inc. First Data announced today it has been informed by the New York Stock Exchange that the NYSE will not require the Denver-based processor …

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Visa’s New Debit Rates May Be Only List Prices””

Visa USA Inc.'s newly announced interchange pricing for its signature-based, or offline, debit cards are only the starting point for what will be many rounds of negotiations with larger regional and national retailers, say industry observers. Meanwhile, despite the new rate announcement from Visa, MasterCard International Inc. says it is …

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Peppercoin’s Big Ambitions in Small Payments

Peppercoin Inc., the Waltham, Mass.-based micropayments startup that only this week emerged from its test phase with a commercially available service, may have a small footprint in the transactions business so far, but its ambitions are big. First, it plans to snag more merchant signings like the one it announced …

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BitPass Gets Set for Prime Time

In an eventful week in the micropayments market, Palo Alto, Calif.-based startup BitPass Inc. emerged from its beta test and opened its service to all Internet merchants interested in using the BitPass system for payments. The company now has more than 300 content sellers enrolled, up from about 200 in …

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The ATM at the Checkout Counter

Cash back at the point of sale on debit card transactions secured by personal identification numbers is becoming an increasingly popular option as more merchants offer the service and consumers begin using online debit cards more often. Online debit transaction volume is growing at a compounded annual rate of 28%, …

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