Saturday , September 21, 2019

June, 2005

  • 15 June

    Star Plans to Extend Check Conversion to Bill Payments Later in ’05

    Star Systems Inc. will begin processing bill payments through its electronic check-conversion service, Star Chek Direct, by the end of the year, according to officials at the network. In the bill-payment scenario, consumers will be able to pay billers in certain low-risk industry categories, such as insurance and utilities, by …

  • 14 June

    Visa Enables Merchant Campaigns Customized to Single Cardholders

    Visa U.S.A. today announced that starting in October it will begin tracking cardholder transaction data at the full 16-digit account number level, allowing issuers and merchants for the first time to target unique promotions and other marketing campaigns at individuals. “Now we can enable [marketing to] a cardholder of one,” …

  • 13 June

    Seeking Portfolio Expansion, I.C.E. Signs First ISO in New Program

    International Card Establishment Inc., which began offering card-processing services a few weeks ago, has signed the first independent sales organization in its ISO program. Midland, Texas-based Foresite Merchant Solutions, formed recently, is I.C.E.'s first ISO client, the company says. Foresite is signing 200 merchant accounts per month, a rate it …

  • 10 June

    Eyeing a Big Opportunity, ReD Expands into Bill Payment with ARC

    Eyeing what it sees as a huge opportunity in processing bill payments, U.K.-based Retail Decisions PLC's U.S. processing unit this month will begin offering the fastest-growing form of electronic check now available: accounts-receivable conversion, or ARC. Retail Decisions USA Inc., which has built its business providing a card-based risk-management and …

  • 10 June

    Members Reject NACHA’s Return-Fee Proposal, But NACHA Still Backs Idea

    A proposal to impose an estimated $17 per-transaction fee on banks that enter automated clearing house transactions on behalf of payees for items returned as unauthorized has been rejected by the membership of NACHA, the Herndon, Va.-based rules-setting body for the ACH. According to a notice NACHA sent to its …

  • 9 June

    Efunds Moves into Stored-Value Processing with WildCard Acquisition

    Efunds Corp. signaled its intention to move aggressively into the burgeoning market for prepaid products today with an announcement that it is buying WildCard Systems Inc., a Sunrise, Fla.-based processor, for $228.8 million in cash. The deal, which is expected to close early next month, will add prepaid debit to …

  • 8 June

    CheckFree Will Pilot PIN Debit for Walk-in Bill Payments

    CheckFree Corp. will begin piloting PIN-based debit transactions in its extensive walk-in bill-payment network before the end of the year. The Atlanta-based processor is also investigating the possibility of adding a PIN-less debit feature to its online and telephone-based bill-payment network for so-called biller-direct transactions, though it has no definite …

  • 8 June

    Colorado Becomes Latest Market in Chase’s Contactless Rollout

    Continuing its national rollout of contactless card technology, J.P. Morgan Chase & Co.'s Chase Bank U.S.A. unit said it will begin issuing the chip-equipped cards early this month in Colorado. The announcement follows by 15 days the bank's introduction of its contactless card, which it calls “blink,” in Atlanta, the …

  • 6 June

    AmEx Begins National ExpressPay Rollout, Signs 7-Eleven for Acceptance

    American Express Co. today said it has commenced a nationwide rollout of its ExpressPay contactless card program and announced that 7-Eleven Inc. would accept the AmEx technology, which is being embedded in the New York-based T&E giant's Blue card. The Dallas-based convenience-store chain joins pharmacy chain CVS Corp. as national …

  • 3 June

    Valista Looks to Strong U.S. Growth in Wake of Partnership with IBM

    Looking toward a breakthrough year in payments processing for online and mobile digital content, Valista Ltd. has signed a marketing and technology deal with IBM Corp. that it says will help it recruit its first major North American client since America Online Inc. The unnamed telecom operator, currently a client …

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