Digital Transactions Authoritative, insightful and timely information for payments professionals
The party's off. Google Inc., which had planned to sell its Google Checkout online payment system Thursday night at a party in Boston during a convention of eBay Inc. buyers and sellers (Digital Transactions News, June 12), has abruptly canceled the event after talks with eBay. Mountain View, Calif.-based Google …
Read More »How a Startup Processor Plans to Take on NACHA in Web Payments
A Bellevue, Wash.-based startup plans to have a Web-based payment system in operation some time in 2008 that will look strikingly similar to one that NACHA-The Electronic Payments Association has spent the past several years developing. Metafos Inc., which formed only 18 months ago, is talking to banks and online …
Read More »Targeting eBay Ban, Google Checkout Plans Party to Reach Sellers
Looking to stir up support for its Checkout online payment system among sellers on eBay Inc.'s online marketplace, Google Inc. will throw a party Thursday night in Boston during a three-day convention eBay is hosting for its buyers and sellers. The party, themed “Let Freedom Ring” and to be held …
Read More »Will MasterCard Win, Cap One Card Unleash Debit Brand Switching?
MasterCard Worldwide received a double dose of good debit news last week. First came the news that big credit card issuer Capital One Financial Corp. is rolling out a MasterCard-branded rewards debit card that doesn't require the cardholder to have a deposit relationship with Cap One (Digital Transactions News, June …
Read More »Already a Rocket, Remote Capture Is Set to Shift to Warp Speed
Remote deposit capture, already a hot product in electronic payments, is poised for explosive growth, according to a report released this week. More than 2,900 U.S. financial institutions had implemented remote capture, or were in the process of doing so, by the end of March, a number that will climb …
Read More »Cardtronics’ Latest ATM Deal Hands 7-Eleven a Hefty Payoff
The agreement by Cardtronics Inc., the nation's largest ATM operator, to buy 7-Eleven Inc.'s entire U.S. fleet of 5,500 ATMs and Vcom multi-function kiosks hands the convenience-store chain a hefty return on its ATM investment while expandng Houston-based Cardtronics' network of machines by about 20%. The approximately $135 million cash …
Read More »Could the Ceridian Deal Lead to a Comdata-Certegy Combo?
The move by Ceridian Corp., owner of fast-growing payment processor Comdata Corp., to go private in a deal involving Boston-based Thomas H. Lee Partners LLC and insurance-industry processor Fidelity National Financial Inc. represents the latest in a series of processor deals backed by private equity and could lead to yet …
Read More »Emida-Q Comm Merger Could Expand Prepaid Market for ISOs
Two processors specializing in prepaid wireless transactions announced a merger on Wednesday that will create the second-largest provider in the business and could create opportunities for independent sales organizations. In a deal for which terms were not announced, Emida Technologies Inc., Foothill Ranch, Calif., is combining with Orem, Utah-based Q …
Read More »The Winding Road That Led to the Pending Metavante Spin-off
The process that led to Metavante Corp.'s pending spin-off from Milwaukee-based bank-holding company Marshall & Ilsley Corp. started two years ago as the payment processor sought ways to continue making acquisitions, according to a registration statement M&I filed this week with the Securities and Exchange Commission. The filing?775 pages in …
Read More »MODASolutions Rechristens Its Service, Unveils Buyer Protection
MODASolutions Inc. which has been marketing an online-payment system called SECURE-eBill for more than two years, has renamed the service and introduced its first buyer-protection policy to cover instances of delayed or damaged goods, as well as non-delivery. The new policy comes as online retailers seek alternatives to bank-issued credit …
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