Tuesday , November 12, 2019

News

October, 2003

  • 6 October

    NetBank Will Acquire ATM Deployer FTI

    NetBank Inc., which bills itself as the nation’s first commercially successful Internet bank, has agreed to acquire privately held Financial Technologies Inc., for cash and $1 million in restricted stock. Tommy Glenn, Jr., founder and president of FTI, says in a statement released today that the combination with NetBank will …

  • 3 October

    Check Truncation at the ATM

    Two companies have teamed up to create a system that allows banks to capture electronic images of checks as they are deposited into automated teller machines, a development they say will drive up ATM transactions as it encourages more bank customers to use ATMs for deposits. Infonox, Santa Clara, Calif., …

  • 1 October

    The Latest Try at Online Debit Counts on Merchants

    A technology firm is rolling out an Internet-based debit-card shopping program that relies on merchants to foot the cost of card readers. The program developed by Atlanta-based Kryptosima, a subsidiary of InstaPay Systems, will start with the Armed Forces Financial Network (AFFN) electronic funds transfer network and several large online …

September, 2003

  • 30 September

    Franchisees Turn to Store-Issued Smart Cards

    For years, retailers have sought ways to allow their customers to pay electronically while bypassing bank networks and fees. Now some fast-food franchisees are turning to proprietary smart cards–with or without interest from their corporate parents. Los Angeles-based TranStar Systems Inc. has either installed or has orders for systems in …

  • 29 September

    Recruiting Bill Payment for Internet Transactions

    A new online payment system has been rolled out by a Canadian company that relies on existing bank bill payment services to allow consumers to pay for Internet purchases. Developed by Ottawa, Ont.-based MODAPay, the service has been piloted by all of the top banks in Canada and now is …

  • 29 September

    Seeking Security in an Insecure World

    The recent hack attacks and assorted computer worms and viruses have transaction executives thinking a lot these days about software security, a subject some experts say is likely to remain vexed. Software, after all, is simply the product of human code-writing. “There’s no such thing as secure software,” declares John …

  • 25 September

    Visa and MasterCard: Doing What Competitors Do?

    Does the motion filed last week by MasterCard in federal court against Visa signal a new era of real competition between the two card companies? The answer seems to be yes, but the question is whether it’s healthy competition. The motion seeks to stop Visa from enacting a “settlement fee” …

  • 25 September

    Banks May Like What Big Blue and Discover Could Offer

    Expect some unique credit card offerings in the next six to nine months now that a three-judge panel of the Second U.S. Circuit Court of Appeals has upheld an October 2001 U.S. District Court ruling allowing banks to issue American Express and Discover cards. American Express has already issued a …

  • 24 September

    First Data Sets Vote on Concord Acquisition

    First Data Corp. has announced that a shareholder vote on its proposed merger with Concord EFS Inc. will take place Oct. 28 in Englewood, Colo., where the giant transaction-processing company is based. First Data announced its proposed all-stock acquisition of Concord EFS, a major electronic-funds-transfer processor and operator of the …

  • 22 September

    New Regional ISO Group

    A new regional association for independent sales organizations will be unveiled later this month. Following on the heels of similar groups serving ISOs in the Northeast, Southeast, and Midwest regions, the new group will be called the Western United States Acquiring Association and will cover U.S. territory west of Colorado. …

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