Wednesday , October 17, 2018

News

March, 2006

  • 27 March

    Phishing Blasts, Web Sites Soar at Double-Digit Rates in January

    The phishing trend, which took an ominous turn upward in the closing days of 2005, has grown even more menacing, with both the number of phishing-related e-mails and the number of Web sites hosting phishing attacks increasing by double-digit percentages in January, according to the latest report from the Anti-Phishing …

  • 27 March

    Report: Remote Deposit Capture Is More ‘Talk’ Than ‘Action’ for Now

    It's one of the major products to emerge from the Check Clearing for the 21st Century Act (Check 21) signed into law in 2003, but remote deposit capture still has yet to make major headway despite getting some major bank backers and its promise of reducing the amount of paper …

  • 24 March

    P2P Market Is Nice, But PayPal Mobile May Have to Reach Merchants

    PayPal Inc.'s new payment service for mobile phones, which the eBay Inc. processing unit is expected to launch commercially within a few weeks, will have to offer more than basic person-to-person payments to be a success, one expert observer says. “I think it will need to go beyond just P2P …

  • 24 March

    Discover Claims Retailer-Friendly Debit, But Details Remain Murky

    More than a month after officially unveiling its much-anticipated entry into the signature-debit card market, details of Discover Financial Services Inc.'s debit card strategy remain sketchy. Discover's sales pitch to financial institutions to issue its debit cards is built around its ability to offer issuers an interchange rate that is …

  • 22 March

    Pay By Touch Looks for ‘Network Effect’ from Chicago Concentration

    Electronic point-of-sale transactions secured by biometric scans may get a boost now that Pay By Touch Inc. has switched on processing service in 204 Jewel-Osco stores in the Chicago area as well as in the rest of Illionois, and in Indiana, Iowa, and Wisconsin. The San Francisco company's latest implementation …

  • 22 March

    Fujitsu Does Damage Control While Utility Software Gains Attention

    In the spin-the-bottle game of assessing blame for the massive debit card breach that has compromised an estimated 600,000 accounts, point-of-sale software developer Fujitsu Transaction Solutions Inc. late last week suddenly found itself the recipient of unwelcome publicity when its name came up in a Visa USA alert about card …

  • 21 March

    More Aussie Retailers Plan Surcharges for Credit Card Payments

    In news that should interest those in the U.S electronic transactions business who are contemplating the possible effects of regulation of card interchange pricing, a new study shows that an increasing number of merchants in Australia?which three years ago introduced regulation of the fees merchants pay acquirers on card payments–are …

  • 20 March

    NACHA’s New Web Product Could Unleash Strong Bank Competition

    NACHA's proposed new product for Internet transactions, which it is proposing to test later this year (Digital Transactions News, March 15), could unleash powerful competitive forces among banks if it becomes a commercial payment application, an expert observer notes. Banks that choose to allow their customers to pay online merchants …

  • 17 March

    First Data’s Bailis Ponders His Strategy for Debit Cards, Services

    Few people know First Data Corp. better than David P. Bailis. Starting in 1989, he worked on everything from health-care payments to e-commerce and held titles as diverse as general counsel and chief administrative officer. He retired in 2001 to dabble in his own financial-services consulting businesses. But he came …

  • 16 March

    Huge Hack Threatens to Cool off Torrid Growth of PIN Debit Payments

    Security experts warn that the recently exposed case of widespread debit card fraud could jeopardize the growth of PIN debit. Debit card transactions secured by PINs have been growing by 20% or more annually in recent years, more than twice as fast as credit cards. “I think it is a …