Wednesday , November 14, 2018

News

January, 2005

  • 20 January

    Why ClearCommerce Opted to Join Forces with eFunds

    ClearCommerce Corp.'s hopes to better its chances of winning business by becoming part of a publicly held company played a major role in its decision to merge with eFunds Corp., according to a senior executive at ClearCommerce. The Austin, Texas-based provider of transaction gateway and anti-fraud services to Internet merchants …

  • 20 January

    PayPal Racks up Big Fourth-Quarter Gains in Traffic and Accounts

    PayPal Inc. saw the volume of transactions it handled in the fourth quarter last year soar 46%, to 99.6 million, over the same period in 2003, while dollar volume climbed fully 51% to $5.6 billion, according to data released this week by the online transaction processor's parent company, eBay Inc. …

  • 19 January

    Why Piggly Wiggly Decided to Roll Out Biometric Payments

    Piggly Wiggly Carolina Co.'s decision to roll out a biometric payment system to all 85 stores in its chain was driven by both transaction-cost savings and customer interest, a senior executive for the Charleston, S.C.-based grocer says. In related news, Pay By Touch, the San Francisco-based company whose system Piggly …

  • 18 January

    ReD Beefs up Technology to Combat Growing Swarms of Fraudsters

    E-commerce gateway Retail Decisions Inc. has announced enhancements to its anti-fraud technology that will, among other things, cut the number of transactions online retailers must refer for manual review by up to 30%. The Hazlet, N.J.-based operating unit of U.K.-based Retail Decisions PLC has integrated neural-networking technology called Prism and …

  • 14 January

    Eye on ISOs: First American/NDFC, iPayment, Wireless News

    Two key results of First American Payment Systems L.P.'s acquisition of National Data Funding Corp.?consummated late last year and announced last week?are that First American gains an inhouse facility for wireless, Internet Protocol-based transaction processing while R. Scott Hatfield, one of NDFC's long-time owners, can now devote himself full-time to …

  • 14 January

    Walgreen’s Decides to Keep Taking AmEx Cards After Cutting New Deal

    Pharmacy giant Walgreen's Co., which a month ago announced it would stop accepting American Express cards effective today, has reversed itself, announcing it will continue taking AmEx cards after reaching a new multi-year deal with the card company. Terms of the new arrangement were not released. “We were able to …

  • 13 January

    Study: ARC Will Account for 21% of Consumer Bill Payments by 2007

    The automated clearing house system will account for more than one-fifth of all consumer bill payments by 2007, thanks to dramatic growth in the conversion of checks sent to billers' lockboxes into electronic ACH transactions, according to a new study from consulting firm TowerGroup, Needham, Mass. This conversion, known as …

  • 12 January

    PayPal Says It Will Stop Blocking of Payments Backed by Credit Cards

    PayPal Inc. has announced it will no longer allow sellers that have bank accounts registered with the San Jose, Calif.-based processor to block payments funded by credit cards, effective next month. Sellers' ability to refuse such payments has been part of the company's “Payment Receiving Preferences” policy for so-called premier …

  • 12 January

    Discover Seals Its Pulse Acquisition Following Pulse Members’ OK

    Discover Financial Services Inc. and Pulse EFT Association announced today that Discover's $311-million acquisition of the Houston-based electronic funds transfer network, announced in November, has closed. The deal's completion follows approval of the merger by Pulse's member banks, and, according to Discover, more than doubles the company's U.S. card base …

  • 12 January

    eFunds Buys ClearCommerce, Picks up CNP Anti-Fraud Expertise

    eFunds Corp. today announced it is buying ClearCommerce Corp., an e-commerce transaction gateway specializing in online fraud detection and prevention, for $19.4 million in cash. The deal is expected to close by March 31. By acquiring Austin, Texas-based ClearCommerce, eFunds picks up anti-fraud products and expertise for the card-not-present market, …