Tuesday , October 23, 2018

News

March, 2006

  • 14 March

    Back-Office Conversion To Get a Vote Soon, May Start in September

    A new form of automated clearing house payment that merchants could use to convert checks into electronic funds transfers could become a reality by September. A proposal from NACHA for so-called back-office conversion, which would allow businesses to collect consumer checks from points of sale and convert them later on …

  • 13 March

    Losses Could Top $1 Billion from Debit Card Hack, Hurting PIN Debit

    The widening damage from the unfolding debit card hacking incident is challenging the conventional wisdom that PIN-based debit cards are inherently more secure than credit cards, which rely on signatures?though it still doesn't make a case for chip cards. That's according to one expert whose latest estimates are that this …

  • 10 March

    Google Could Be Weeks Away from Launching a PayPal-Like Service

    Google Inc., whose recent moves to create an online-payments service for use on some of its own platforms have stirred considerable speculation about its ambitions in electronic transactions, will launch a service soon that will compete with existing e-commerce payment marks like PayPal, says a source familiar with the matter. …

  • 9 March

    A New Tactic Aims at Thwarting Efforts to Shut Down Phishing Sites

    A new tactic has been discovered that lets fraudsters keep their online crimes going even as authorities are identifying and shutting down phishing sites. RSA Security Inc., whose RSA Cyota Anti-Fraud Command Center discovered the new tactic, says it is called a smart redirection attack and is intended to make …

  • 8 March

    Nokia Pilots Indicate User Willingness to Pay for Mobile TV Channels

    In three out of four European consumer tests of mobile television, more than half of the users said they'd be willing to pay for TV content on their handhelds, according to pilot results released today by Nokia, whose phones were involved in all four pilots. The sums these participants said …

  • 8 March

    As Banks Reissue Debit Cards, Experts Warn of More Compromises

    More banks are reissuing debit cards as suspect transactions pop up throughout the United States and other countries, according to media reports this week. Investigators believe many of the transactions could be related to a security breach at a merchant facility in California that happened late last year, but the …

  • 7 March

    SVPCO Hits 1 Million Mark in Average Daily Items for Image Exchange

    In an indication of the rapid growth of image exchange, the nation's largest network reports its average daily volume soared 47.3% in February, to just over 1 million items, over the average in January. This represents the first time The Clearing House Payments Co. LLC's SVPCO unit has reached the …

  • 6 March

    Chase Rolls out a Prepaid Visa for Low-Income Tax-Refund Recipients

    In a new twist on stored-value plastic, JPMorgan Chase & Co. is issuing Visa-branded debit cards to low-income recipients of tax refunds. Working with Volunteer Income Tax Assistance offices in 16 cities, Chase expects the cards to help recipients who qualify for refunds under the Earned Income Tax Credit (EITC) …

  • 3 March

    Single-App Terminals Help Drive Financial Results for VeriFone

    Sales of high-tech products such as wireless and Internet Protocol payment terminals helped VeriFone Holdings Inc. post a 21% revenue gain in its first fiscal 2006 quarter, but merchants with limited needs also helped out. In an analysts' conference call late Thursday afternoon, chairman and chief executive Douglas G. Bergeron …

  • 2 March

    U.S. Encode Readies a CD/Mag-Stripe Card for Online, POS Use

    A small San Diego company is working on a new type of transaction card that combines the characteristics of a compact disk and a mag-stripe card, allowing consumers to perform both credit and debit transactions online as well as at physical points of sale. U.S. Encode Corp., incorporated in 2002, …