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Debitman Card Inc., which has been seeking issuers for its PIN debit processing network, announced two this week. Binghamton Giant Markets Inc. and HAC Inc., both regional supermarket chains, have agreed to issue cards on Debitman's network. HAC, which runs 67 stores in Oklahoma and Kansas, has begun issuing Debitman …
Read More »SMS-Based Promotions Fuel Grocer’s Interest in Cell-Phone Payments
Four months after introducing a marketing system that communicates with customers' mobile phones, Broadway Marketplace has had such positive sales results its top executive says the Cambridge, Mass.-based supermarket will add an electronic payment function within the next two months. The store, which last September began using a service called …
Read More »Settlement with NCR Positions DataTreasury to Move into ACH and Cards
With its settlement today with NCR Corp., DataTreasury Corp. will be able to tap technology that will allow it to move beyond check processing and into technology supporting automated clearing house and card transactions, the company's lead counsel says. The small Melville, N.Y. technology company, which had sued NCR early …
Read More »A Startup Readies a Payments Network Based on Driver’s Licenses
A startup company led by the former head of a processor of automated clearing house transactions is readying a network that will allow consumers to use their driver's licenses to pay for goods at the point of sale. Boulder, Colo.-based Combined Payments Network LLC plans to formally unveil its product, …
Read More »Accelitec Lays Technical Groundwork for PayPilot Expansion in ’06
Accelitec Inc., a Seattle-based company that last year launched a contactless-payment system aimed at merchants rather than banks, says it is preparing for expansion this year by smoothing integration with existing merchant networks. The company's PayPilot product is in beta with an unidentified merchant, and officials say they expect to …
Read More »Feuding Rivals Pay By Touch, BioPay Merge to Spur Biometrics
Two bitter rivals in the biometric-payments arena have merged to helped spur adoption of the technology among merchants. Tim Robinson, chief executive of BioPay LLC, which will shortly become part of its largest competitor, Pay By Touch Solutions, as the result of a deal announced today, says the longstanding rivalry …
Read More »BioPay Looks for Big Year for Biometric Payments in 2006
This may be the year contactless payment gained a foothold among banks and merchants, but another technology?biometrically secured point-of-sale payments?is starting to gain momentum, as well. BioPay LLC, a provider of the technology for both POS transactions and payroll check-cashing, says it expects in 2006 to double, and possibly triple, …
Read More »Absence of Fee Break Could Hinder RFID’s Penetration of Cash
The U.S. cash-payment market is enormous, but banks' hopes of penetrating it with so-called contactless technology could falter if high acceptance costs spur merchants to look at alternative electronic payment methods. That's one among a number of findings in a new study released this week on the market for transactions …
Read More »E-Commerce Fraud Losses Rise As Big Sellers Get Hammered
Total losses from e-commerce fraud will hit $2.8 billion in 2005, up from $2.6 billion last year, with large and mid-sized merchants getting hit the hardest after several years of success in controlling the problem, according to a study released today. Although the overall rate of fraud loss will dip …
Read More »BioPay Chief Sees Flaws in Rival’s CardSystems Strategy
Biometric-payments processor Pay By Touch Solutions' plans to use CardSystems Solutions Inc.'s processing platform and reseller relationships to help market its point-of-sale authentication system to merchants may hit a few snags, in the view of a leading competitor. BioPay LLC, a Herndon, Va.-based processor that like Pay By Touch authenticates …
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