In the latest of a series of moves to open its network to outside card issuers and transaction processors, Discover Financial Services LLC on Wednesday said Discover Network will begin processing transactions for JCB International Credit Card Co. Ltd. some time next year. In 2008, Discover cardholders will be able …

When online auction giant eBay Inc. barred Google Checkout from its marketplace, the move led to widespread industry speculation that eBay, which owns rival online payment processor PayPal, was discriminating against the weeks-old Google Inc. payment product. But a PayPal executive tells Digital Transactions News eBay's action had nothing to …

Convinced that banks are ready to upgrade ATM capability to sell more products and services, San Jose, Calif.-based Infonox Inc. says it is piloting marketing-savvy machines with unnamed clients and plans to have at least one commercial deployment in progress within six months. “There's a dramatic shift in the banking …

Newly private iPayment Inc. this week reported a 12% increase in operating profits despite single-digit growth in charge volume. Nonetheless, the big Nashville, Tenn.-based independent sales organization posted a net loss of $5.81 million on expenses related to its May 10 management-led buyout, compared with net income of $7.73 million …

Pursuing a 2-year-old push to sell acceptance to online merchants, PayPal Inc. reached a milestone in that effort with this week's high-profile signing of bookseller Barnes & Noble Inc.'s Web site. The nation's largest bookstore chain's e-commerce operation should help the San Jose, Calif.-based online transaction processor further reduce its …

Responding to the rapid build-up in popularity of gift cards, a federal banking regulator has issued guidelines telling banks what information they should disclose?and how they should disclose it?to both the buyers and ultimate users of the prepaid plastic. The new rules, which bear on matters such as expiration dates, …

Seeking to address industry uncertainty about its guidelines on online-banking security, the Federal Financial Institutions Examination Council this week released a set of clarifications it says addresses “a representation” of questions it has received from banks, technology companies, and banking examiners. This latest document from the FFIEC, an agency that …

More and more consumers now expect their last-minute bill payments to be credited to their accounts with near instantaneous effect. And, increasingly, billers and processors are meeting that expectation?or at least laying plans to. “The trend is toward real-time [bill payment],” says Dave Fortney, senior vice president for electronic presentment …

Discover Network's recent certification of ViVOtech card readers indicates Discover is moving ahead with a contactless card program, but the No. 4 general-purpose card network is staying mum about the details. Discover says it has certified several readers from Santa Clara, Calif.-based ViVOtech Inc., a specialist in contactless payment hardware, …

Against a backdrop of an increasing number of online transactions requiring manual checking by Internet merchants to control fraud, transaction-gateway provider CyberSource Corp. this week introduced a service that lets merchants pinpoint customers' locations and write business rules to control whether, in light of this information, orders should be fulfilled. …