Thursday , April 19, 2018

E-Commerce

PayPal Says Its New Pricing Should Cut Costs for Most Sellers

PayPal Inc., the online payment processor owned by Internet auction powerhouse eBay Inc., is set to roll out new transaction fees Aug. 6 that it says will slash payment costs for most of its sellers. Merchants doing very large volumes will see the greatest benefit, while mid-tier sellers will see …

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How the New Anti-Phishing Group Sees Itself As Distinct

A new trade group formed to fight phishing fraud argues it will work on approaches to the problem that will distinguish it from the efforts of another organization that emerged last year to combat the online fraud. The Trusted Electronic Communications Forum, whose formation was announced this week, is aimed …

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Paymentech Scores Major Multi-Year Deal with InterActiveCorp

Paymentech L.P. today won the entire credit and debit card processing business of five operating units of IAC/Interactive Corp., parent company of a number of online businesses. The multi-year deal includes Ticketmaster, Hotels.com, Expedia, HSN, and Match.com. Dallas-based Paymentech, which processed 7 billion electronic transactions in 2003, will not say …

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Survey Shows Many Web Merchants Are Passing up Global Sales

Even though transactions from outside North America account for anywhere from 10% to 20% of sales for Web sites that accept international business, only 59% of large and mid-sized online merchants take orders from international customers. That's the main conclusion of a recent e-commerce payment survey sponsored by CyberSource Corp., …

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First Data Certifies Slim CD Software for High-Speed Transactions

Slim CD Inc., a transaction-software company in Coral Springs, Fla., announced today its product has been certified by First Data Corp., allowing banks and independent sales organizations supported by FDC to offer merchants high-speed card transactions on personal computers through Slim CD's software. The company says its product can process …

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Canada’s Paystone Looks for a Payoff in ‘Compelling’ Content

While the burgeoning digital song market has focused attention on the potential for micropayments in the U.S., a Canadian processor has signed about 1,000 online merchants, the most recent of which is Puretracks, Canada's first and largest purveyor of digital songs. Vancouver-based Paystone Technologies Corp., which was founded in 2001, …

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CyberSource: PIN-Less Online Debit Responds to Merchant Demands

CyberSource Corp. says it has introduced a so-called PIN-less debit card payment option for online transactions at the urging of merchants looking for ways to cut their transaction costs. The Mountain View, Calif.-based payments gateway for e-commerce merchants claims to be the only major vendor offering the service, which would …

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UniRush Launches Bill Payment for its Growing Card Base

UniRush Financial Services, a unit of UniRush LLC, New York, today announced an agreement with Milwaukee-based processor Metavante Corp. that allows holders of its prepaid Rush Visa card to use cash accounts linked to the card to make electronic bill payments. The service went live Friday, UniRush says, and is …

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Micropayments Potential Attracts Growing Optimism Among Experts

The stunning success of such ventures as Apple Computer Inc.'s iTunes music service, coupled with a huge, untapped potential in transactions, has many expert observers becoming more and more optimistic about the prospects for micropayment processing. That may bode well for recent startups such as BitPass Inc., Palo Alto, Calif., …

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Behind PassMark’s ‘Keep it Simple’ Plan to Fight Phishing Fraud

Woodside, Calif.-based PassMark Security LLC, which incorporated only in February to attack phishing and other online transaction fraud, says it has attracted interest in its solution from banking and retailer Web sites. The company is now in serious discussions with “eight to ten major sites,” says Bill Harris, chief executive, …

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