Friday , March 29, 2024

Digital Transactions News staff

TrueMe ID Is a Precursor to Online Payments, Pay By Touch Says

Pay By Touch Inc., which on Monday introduced a new, personal-computer-based authentication service based on fingerprint identification, plans to couple the new service with online payments and loyalty programs some time in the first half of 2007. The new product, called TrueMe, relies on the San Francisco company's technology, along …

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As Image Exchange Traffic Climbs, More Banks Clear Image Files

Image-exchange volumes continue to climb at a steady pace, and so does the volume of checks settled through image networks as images rather than as paper substitute checks, new data show. SVPCO's Image Payments Network, which links 15 large financial institutions and is the country's largest image-exchange system, reported Monday …

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No Single Strategy Will Unlock the Pint-Size Payments Market

Consumers spend up to $1.5 trillion a year using on small purchases using cash, depending on who's estimating, but converting so-called micropayments into electronics will be one of the payment card industry's tougher challenges. Experts contacted by this newsletter's sister publication Digital Transactions magazine for an upcoming story on micropayments …

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Ex-Global Payments Exec Cohen Seeks New Growth Channels at Moneris

The new president of Moneris Solutions Inc., the U.S. arm of Canada's leading merchant-acquiring operation, says he will diversify the company's distribution channels and at the same time seek profitable niches in a highly competitive industry. Buffalo Grove, Ill.-based Moneris currently derives most of its U.S. transactions from merchants booked …

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For Now, NFC Payment Hindered by Skeptical Carriers, Expert Says

Consumers who participated in a recently ended test in Atlanta of contactless payment on mobile phones may have warmed to the technology (Digital Transactions News, Sept. 8), but banks, transaction processors, independent sales organizations, and other players looking to cash in could now face a formidable hurdle: the wireless phone …

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MasterCard Unveils Network-Level, Real-Time PIN-Fraud Scoring

With PIN debit fraud losses rising along with consumer usage of PIN debit cards, MasterCard Worldwide announced on Wednesday a system it says will score PIN transactions in real time to assess their risk of fraud. Purchase, N.Y.-based MasterCard says when the service goes live in the first quarter of …

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Impact of Online-Gaming Law Seen As Mixed for Processors, Banks

Three days after Congress passed a law restricting payments for Internet wagers, what seems clear is that the implications for banks and transaction processors are mixed. Observers say the new law will likely prevent most U.S. banks or third-party companies that still process online gambling payments from continuing to do …

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It’s One Step Ahead, One Back for Visa at Dollar General, University

It may be as rare as an ivory-billed woodpecker, but the merchant that accepts Visa without also accepting MasterCard or vice versa is not extinct in the United States. Within the past week, discount retailer Dollar General Corp. announced it would accept Visa credit and check (signature-debit) cards but not …

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New Registry of Security Marks Aims at Thwarting Check-Image Fraud

Responding in part to unique security issues created by electronic image exchange in the U.S., the nation's largest settler of clearinghouse check volume this week introduced a registry for what it calls image-survivable security features to protect check images from fraud. The registry, operated by the Dallas-based National Clearing House …

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