Monday , March 25, 2019

News

March, 2005

  • 11 March

    Startup Travel Portal Gives PayPal a New off-eBay Channel

    Internet transaction processor PayPal Inc. will handle settlement of payments between travel agents and hotels, car-rental agencies, and other non-airline travel suppliers as part of a single-source, electronic booking portal offered by a San Francisco-based startup company. The deal helps PayPal further its strategy of moving more payments outside the …

  • 10 March

    TransFirst Begins Push for New Virtual Terminal/Gateway

    Dallas-based processor TransFirst today began marketing a Web-based payments-processing engine that was developed by a company it acquired a year ago and is currently being used by 3,500 merchants. Called Transaction Central, the new product acts as a virtual terminal for physical merchants and a payments gateway for Net retailers, …

  • 10 March

    Hackers and Phishers Add to Their Arsenal, New Report Says

    Not only is the sheer volume of phishing attacks rising, but the sophistication by which fraudsters are fooling unwitting Internet users is increasing, as well, according to a recent report from the Anti-Phishing Working Group. The organization of law-enforcement agencies, security-software companies, and payment networks says it observed several new …

  • 9 March

    Report: Online Gift Card Bazaars Will Grow with the Plastic’s Popularity

    Although it's a minuscule portion of the total value of retailer-issued gift cards sold in the U.S., the nascent aftermarket for these cards is set for a boom, according to recent research by TowerGroup Inc., Needham, Mass. About 4,500 cards are currently available for auction on a number of recently …

  • 7 March

    Rapidly Consolidating, ISOs Tighten Their Grip on U.S. ATM Deployments

    Although their rate of deployment has slowed somewhat, independent sales organizations continue to install ATMs at a rapid rate and now control nearly half of the 394,500 machines in service in the U.S., according to a new study from Tremont Capital Group Inc. Moreover, the Boston-based investment advisory firm's report …

  • 4 March

    How PIN-less Debit Conversions Prompted a New Visa Rule

    When Visa U.S.A. last month set out a new, stricter transaction-routing policy aimed at making sure all Visa payments flow through VisaNet, its backbone network, the rule's underlying purpose?to curb so-called on-us networking of transactions initiated with Visa cards?made headlines. But another, and less noted, part of the new policy …

  • 3 March

    Convenience Pay, Other Niches Help Pump Bill Pay Traffic for Processors

    Recent jumps in transaction activity and new business from both banks and billers have boosted optimism among online bill-payment processors and brightened their outlook for 2005 and beyond. Princeton eCom Corp., a 21-year-old processor in Princeton, N.J., ended 2004 having closed some 40 deals, including 34 with billers and six …

  • 3 March

    Hybrid Plans Are Helping to Fuel Dramatic Growth in Prepaid Wireless

    Mobile virtual network operators are finding success in re-selling carriers' prepaid wireless service in part through their efforts to penetrate the youth and elderly markets, which are far less saturated than other age groups, according to a leading researcher. Adding to the MVNOs' ability to pick up new subscribers in …

  • 2 March

    Software Vendors Lay the Groundwork for Image Exchanges

    VECTORsgi said today that recent sales of its software have positioned its systems to control potentially 40% of the volume of check-image exchange. The announcement indicates that, although full-scale transmission among banks of digital check images may still be years away, banks are jockeying to be ready for image exchange, …

  • 1 March

    Behind Visa’s About-Face on Contactless Payments in the U.S.

    Visa USA's decision to enter the contactless payment market represents a major change in strategy at the card association, which up to now had experimented with radio-frequency-based payment overseas but had not seen the U.S. as ripe for the technology. Now, with its announcement last week that it had created …