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Visa Inc. is paying more attention to a broad category of merchants it dubs Internet direct marketers, according to a Visa security executive who spoke on Thursday to independent sales organization executives. These marketers bear many similarities to the often-suspect sellers of the 1980s and '90s who peddled their wares …
Read More »RBS WorldPay Indictment Outlines Sophisticated Hacker Coordination
An indictment handed down on Tuesday against a gang of hackers in the RBS WorldPay Inc. case sheds more light on the sophistication and intricate coordination with which criminal groups worldwide are attacking payment processors, particularly those in the U.S. More than a year after cybercriminals broke into the computer …
Read More »With Four Suits Pending, the VeriFone-Heartland Feud Escalates
The bare-knuckled fight between leading U.S. point-of-sale terminal manufacturer VeriFone Holdings Inc. and the big merchant acquirer Heartland Payment Systems Inc. keeps on escalating, with four lawsuits in three courts now pending. Both companies continue to crank out press releases, letters from their chief executives, and other public-relations missives that …
Read More »Payvment Uses a PayPal API to Launch a Next-Gen Shopping Cart
In a move that could change the way consumers shop and pay on the Web, a startup called Payvment is marketing a free shopping cart that lets online shoppers accumulate merchandise from a variety of Web sites?including Facebook?and then pay for all of it with a single checkout. “We call …
Read More »Eye on Earnings: Heartland vs. VeriFone; MasterCard Is Cautious
Heartland Payment Systems Inc. is accusing VeriFone Holdings Inc. of “tampering” with Heartland customers after the San Jose, Calif.-based terminal company said it will terminate its support relationships with Heartland customers, effective Dec. 31. VeriFone says it will offer complete alternative support at no cost to affected merchants. Heartland merchants …
Read More »Cynergy Data Starts Life Anew After a Trip to Bankruptcy Court
Cynergy Data LLC, the big independent sales organization that filed for bankruptcy Sept. 1, got a second lease on life last week when the sale of its assets to The ComVest Group, a private-equity firm with holdings in other payment processors, closed. ComVest paid $81 million for Long Island City, …
Read More »Accel/Exchange Goes Live With Online PIN Debit
PIN-debit is now live on the Web with Monday's announcement that Accel/Exchange is the first electronic funds transfer network to roll out such a service. The network, a unit of Brookfield, Wis.-based Fiserv Inc., is making the PaySecure system from technology provider Acculynk Inc. available to its membership base this …
Read More »Ingenico Pitches a PDA for Computing And Card Acceptance
While a raft of players over the past several months have introduced software that equips smart phones to accept cards, Ingenico has introduced a wireless point-of-sale device that combines in one unit the ability to take card payments, print receipts, and act as a personal digital assistant (PDA). The French …
Read More »A Pair of Mobile Merchant Apps Debut with Tech Twists
Two new payment applications debuted this week to allow plumbers, pizza-delivery services, and other mobile merchants to accept card transactions on mobile phones. The new apps, from Charge Anywhere LLC and TSYS Acquiring Solutions, follow in line behind a steady flow of such products that have launched this year. But …
Read More »A Startup Does Medical Payments on an Online Bill-Pay Model
A new approach to facilitating electronic payments with health-care service providers is being developed by Redwood City, Calif.-based Health Team Inc. Founded earlier this year by executives with backgrounds in online banking and bill-payment services, Health Team developed the HealthRails.com network on concepts similar to online bill pay. Currently in …
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