Friday , February 22, 2019

News

April, 2004

  • 22 April

    Authorize.net Sets Its Sights on Brick-and-Mortar Merchants

    Authorize.net Inc., which serves as a payments gateway for 91,000 mostly mid-size and small Web-based merchants, is making a major play for the brick-and-mortar point of sale. With the backing of its new owner, Burlington, Mass.-based Lightbridge Inc., Authorize.net is revving up its marketing and re-seller efforts to expand rapidly …

  • 21 April

    Exadigm Prepares to Sell an All-in-One IP/Wireless Device

    Exadigm Inc. thinks merchants and acquirers should be able to take for granted wireless and Internet connections for point-of-sale terminals in the same way everyone does for personal computers and cell phones. So it is gearing up a major marketing effort for a new terminal that runs on the Linux …

  • 21 April

    TransFirst’s Break from the M&A Game Will Be Brief

    Dallas-based processor TransFirst, which has completed two major acquisitions in the past month that have more than doubled the company's size, is taking a break from the M&A game, but not one that will last long. “It'll be two to three months before another acquisition,” Mark Travis, chief financial officer …

  • 19 April

    BioPay Says 1 Million Enrolled Proves the Case for Biometrics

    BioPay LLC today announced it has enrolled 1 million consumers in its biometric check-cashing and payment services since the services started in June 2000 and September 2003, respectively. The Herndon, Va.-based company also said it has processed almost 7.5 million transactions with a value of $3 billion in that time. …

  • 16 April

    A New ANSI Standard Could Extend Image Exchange Into New Uses

    A draft of a new American National Standards Institute (ANSI) standard for electronic exchange of checks and check data among banks and processors will be ready for ballot this summer, and could be ready for trial use this year, according to a member of the committee working on the standard. …

  • 14 April

    TPI Software Expands Its Market with Paymentech Certification

    TPI Software LLC, a privately held provider of e-commerce and point-of-sale systems based in Redmond, Wash., has won certification on Paymentech LP's NetConnect platform, a major network supporting online and telephone transactions, as well as transactions at the point of sale, using Internet connections. TPI, which claims to have developed …

  • 14 April

    With HBNet, Hypercom Will Price ‘Aggressively’ for Network Volume

    Hypercom Corp., a supplier of point-of-sale transaction devices, has entered the electronic-transaction networking business with the formation of a new subsidiary, HBNet Inc. The new unit has been set up to compete with the dominant player in transaction networking, Reston, Va.-based Transaction Network Services Inc., which completed an initial public …

  • 14 April

    TransFirst Starts a Division to Focus on ISO Alliances

    TransFirst, a Dallas-based processor, today announced it is forming a new division to focus on alliances with independent sales organizations. The new unit, called TransFirst Independent Sales Services, is headed by Nancy Newton, who holds the title of president of the division. Newton is a former Compass Bank and Paymentech …

  • 12 April

    Frustration Reaches New Heights Among Grocers over Payments Costs

    Frustration with electronic-transaction pricing may be reaching a boiling point in the supermarket industry, says one expert who keeps an eye on payments issues at the National Grocers Association, an Arlington, Va.-based trade group that includes independent supermarkets and wholesalers among its 12,000-plus members. Interchange and other costs for credit …

  • 9 April

    Star Sets Check Service Pricing, Gets Ready to Begin Processing

    Electronic funds transfer network Star Systems Inc., which last month announced a new product that makes use of its EFT network to verify and settle checks written at the point of sale in the same way Star processes debit cards, says it expects Star Chek Direct to begin processing transactions …