Digital Transactions Authoritative, insightful and timely information for payments professionals
If consumer confusion is holding back mobile payments, a startup called XipWire Inc. figures it has an answer. The five-person Philadelphia company earlier this month launched a text-based service that lets handset users pay merchants as well as other individuals. But while other more established payments companies have already started …
Read More »UBC Backs ECR Giveaway with Merchant Leads And Appointments
With merchant acquirers on the lookout for new ways to manage and motivate sales agents in a difficult economy, processor United Bank Card has launched a program for independent sales organizations that furnishes qualified merchant leads and also sets up appointments with those merchants. The new program specifically supports an …
Read More »Payment Volume, Platform Response Swell for an Upbeat PayPal
PayPal Inc. this week reported a vigorous response from developers to its new open platform and posted strong results in the fourth quarter. More than 12,000 software developers have signed up so far to use new application programming interfaces (APIs) PayPal introduced in November as part of an effort to …
Read More »Apriva Launches a Pair of Merchant Apps for Smart Phones
The choices available for merchants eyeing mobile commerce expanded this week when wireless-payment technology provider Apriva Inc. unveiled two applications that turn smart phones into mobile-payment terminals. Scottsdale, Ariz.-based Apriva is differentiating itself in the booming m-commerce marketplace by claiming space as a full-service software and services provider for merchants …
Read More »Recession Helps Fuel Merchant Interest in Online PIN Debit
Merchant e-Solutions Inc., which on Tuesday announced it is actively marketing online PIN debit to both existing and prospective e-commerce merchants, credits the deep recession of the past year or so with helping to drive merchant interest in the service. “The recession has made [online PIN debit] more important,” says …
Read More »Amazon’s PayPhrase Cuts Cart Abandonment for eFashionSolutions
It's too early to make a final judgment, but a Web-site design and hosting company serving 25 online fashion retailers says acceptance of Amazon.com Inc.'s new PayPhrase is doing one of the key things online retailers want a payment service to do?reduce shopping-cart abandonment. Secaucus, N.J.-based eFashionSolutions LLC is one …
Read More »MasterCard’s SunTrust Coup Includes Credit As Well As Debit Cards
MasterCard Inc. struck the latest blow in its ongoing fight with Visa Inc. for issuer loyalty with Thursday's announcement that SunTrust Banks Inc. would switch its entire 5-million-card debit portfolio from Visa to the MasterCard brand. While one analyst called it a minor win, SunTrust's conversion underscores the growing importance …
Read More »LML Scores First ACH Patent Settlement, Says More Could Follow
LML Payment Systems Inc., which is pressing two patent-infringement lawsuits that could have broad implications for banks and processors that handle e-checks on the automated clearing house network, says more settlements could follow the one it reached last week with RBS Citizens Bank N.A. Patrick H. Gaines, LML's chief executive, …
Read More »Seeing Opportunity, Moneta Will Add Credit Offers to Its Online Wallet
Alternative-payments processor Moneta Inc. announced this week it will start offering so-called transactional credit to its users at the end of the first quarter. The credit feature, which the Atlanta-based company is adding to an online wallet that currently relies on automated clearing house debits from users' checking accounts, could …
Read More »VeriFone Battles Heartland Publicly While the Two Talk in Private
Payment card terminal maker VeriFone Holdings Inc. on Monday issued a press release trumpeting its victory in a courtroom skirmish with merchant acquirer Heartland Payment Systems Inc. What VeriFone didn't mention, however, was that it is in settlement talks with Heartland that could end their multifront legal war. That war, …
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