Sunday , December 15, 2019

January, 2006

  • 13 January

    Accelitec Lays Technical Groundwork for PayPilot Expansion in ’06

    Accelitec Inc., a Seattle-based company that last year launched a contactless-payment system aimed at merchants rather than banks, says it is preparing for expansion this year by smoothing integration with existing merchant networks. The company's PayPilot product is in beta with an unidentified merchant, and officials say they expect to …

  • 12 January

    In an Ironic Twist, Free Terminals Could Hike Payment Software Sales

    The trend among independent sales organizations and other distributors to offer point-of-sale terminals to merchants at no nominal cost to them?the so-called free terminal trend–is building the case for POS software as an alternative to dedicated, standalone terminals, says the top executive at one company that specializes in PC-based transaction …

  • 12 January

    Online Merchants, Issuers Begin to Respond to SecureCode Incentives

    Deep discounts on interchange rates for Internet transactions authenticated through MasterCard International's SecureCode technology are taking effect just as the security system appears to be attracting more issuers and online merchants, according to a vendor of online authentication systems that supports both SecureCode and Visa USA's rival Verified by Visa …

  • 11 January

    Online Banking Falls Short in Identity Fraud Prevention, Study Shows

    The financial institutions whose online banking sites are doing the best job of protecting customers from identity fraud are Bank of America, Citibank, E*Trade Bank, Washington Mutual, and Wells Fargo Bank, according to a study released today. These banks scored in the top five of 28 institutions whose online banking …

  • 10 January

    SVPCO Closes First Year of Image Exchange with 52 Million Items

    SVPCO, which operates an image-exchange network controlled by some of the nation's largest banks, said today it saw its image volume climb 33% last month to a new monthly high of 11.7 million items, allowing the new system to close its first full year having trafficked nearly 52 million items. …

  • 9 January

    Accounting-Software Firm Sage Buys ISO Verus for $325 Million

    In another move by a financial-accounting software company into payment processing, Sage Group PLC is acquiring Verus Financial Management Inc., a privately held independent sales organization, for $325 million in cash. Based in the U.K., Sage markets software used by small businesses to manage finances. Nashville, Tenn.-based Verus provides card …

  • 6 January

    ATM King Cardtronics Sees Further Expansion Via Bank Deals in ’06

    After rapid growth that has propelled it to the top of the ranking of U.S. ATM owners, Houston-based Cardtronics Inc. looks toward another year of major expansion in 2006, company officials tell Digital Transactions. In a story appearing in the January-February 2006 issue of the magazine, the company says it …

  • 6 January

    Could Labry Move to Merchant Unit Presage a Breakup of First Data?

    With Ed Labry this week taking over First Data Corp.'s acquiring business, including First Data Merchant Services, some industry observers are figuring the Denver-based processing giant may be looking toward spinning off both the merchant division and the lucrative Western Union franchise as independent companies some time within the next …

  • 5 January

    BitPass Expands Micropayment Functions with Yaga Acquisition

    BitPass Inc. has acquired rival micropayments processor Yaga Inc. in a deal that hands the Menlo, Calif.-based BitPass technology to support subscription and payment-aggregation models. The acquisition agreement, terms of which were not released, calls for BitPass to take over Yaga's platform, intellectual property, and client contracts. Staff at San …

  • 4 January

    Visa Reports $257 Billion for ’05 Holiday Season, with a Dec. 23 Peak

    In its final holiday-spending report for the season, Visa USA said today retail spending on its cards hit $257 billion for November and December 2005, up 17.5% from the same period in 2004. Visa says e-commerce activity for the holiday-shopping season totaled $26.5 billion, peaking at $624 million on Dec. …

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