Friday , March 29, 2024

Digital Transactions News staff

PayPal’s Strategy Bears Fruit As off-eBay Ratio Steadily Rises

PayPal Inc.'s efforts to lessen its dependence on transaction traffic supplied by the online auctions run by parent eBay Inc. are paying off. Some 44% of the $12.2 billion the San Jose, Calif.-based e-commerce processor handled in the third quarter came from off-eBay merchants, according to statistics filed by eBay …

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MasterCard Opens a PCI Schoolhouse Featuring ‘Tailor-Made’ Sessions

No. 2 payment network MasterCard Worldwide this week unveiled a global education effort about the Payment Card Industry data-security standard, or PCI. The campaign, which includes free Web-based seminars and live training, comes at a time when restive merchants and others are challenging the card networks about data security, with …

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With Verizon on Board, the Two Biggest Carriers Will Preload Firethorn

Mobile-banking and payments application developer Firethorn Holdings LLC scored a coup this week when Verizon Wireless, the nation's No. 2 mobile-phone carrier, announced it had picked Firethorn as a strategic partner for mobile banking and would preload Firethorn's system onto newly issued phones. The agreement means the nation's two largest …

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Startup Certifies Diebold As First ATM Maker for Prepaid Card System

Better ATM Services Inc. today took another step toward realizing its goal of turning ATMs into machines that can dispense something other than cash. The Mesa, Ariz.-based startup certified machines made by Diebold Inc. as capable of dispensing its prepaid cards, which Better ATM Services is testing at five restaurants …

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Report: Debit Card Outlook Bright, But Banks Failing on Activation

Debit cards remain the fastest-growing payment devices and they seem likely to endure a possible economic slowdown better than credit cards, according to a new report from TowerGroup Inc. Nevertheless, financial institutions have a propensity to pump out many more debit cards than consumers want. According to the report, “Crediting …

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NACHA Close to Recruitment for Test of New Check-ACH Plan

A new plan at NACHA to merge elements of the automated clearing house network with elements of check imaging could allow banks to clear checks more cost-efficiently but may also turn out to be a solution to a problem that's solving itself, experts say. Some 20 financial institutions, ranging from …

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Startup TrialPay Lets Online Merchants Make Sales out of No Sales

A Silicon Valley startup that allows online buyers to receive products free if they buy something from other vendors has signed up 1,400 merchants and expects to have 10,000 on its roster within a year. “We enable multimerchant commerce,” says Alex Rampell, founder and chief executive of TrialPay Inc., which …

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Yodlee Pairs Up with Western Union in Expedited Bill-Pay Play

The already competitive world of electronic bill payments heated up this week with the announcement that wire-transfer leader The Western Union Co. and payment-technology provider Yodlee Inc. together will provide online bill-payment services, including expedited bill payments. Their pitch: direct access to more than 4,000 utilities, financial institutions, mortgage companies, …

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Discover Boosts Issuing Prospects Among Banks with TSYS Deal

In a move that could give it a big boost in signing up banks to issue cards on its network, Discover Financial Services Inc. on Tuesday announced a deal with TSYS Inc. under which TSYS clients will be able to issue Discover credit and prepaid cards and use TSYS for …

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Eyeing the Point of Sale, Bill Me Later Readies Test for Core Service

Bill Me Later Inc. will work with two to three merchants starting next month to test an extension of its online, credit-based payments service to the physical point of sale. If the test yields good results, the Timonium, Md.-based processor will likely launch a commercial service by the middle of …

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