Digital Transactions Authoritative, insightful and timely information for payments professionals
Google Inc.'s decision to extend Checkout's offer of free processing to the end of 2007, which it announced Wednesday, could help the 6-month-old online payments service attract more merchants at a time when it's not only up against heavy-duty competition, but also facing skepticism from some online sellers. The new …
Read More »Heartland Seeks Banks for ‘Holistic’ Card for Small-Ticket Market
Heartland Payment Systems Inc. is working on a technology platform that would support multiple accounting and transaction functions on a single card, the processor's chairman and chief executive revealed in a presentation last week. Speaking to an audience of merchants, processors, and bankers interested in converting small-value cash payments to …
Read More »DataTreasury Vows USPTO Rejection Won’t Affect Pending Cases
A small technology company that has made a name for itself with its aggressive and successful litigation defending a pair of patents covering check imaging was dealt a setback late last week when the United States Patent and Trademark Office rejected all of the claims set out in those patents. …
Read More »Remote Capture May Get a Boost From Intuit’s Digital Insight Deal
Software maker Intuit Inc.'s pending acquisition of online-banking services provider Digital Insight Corp. is mostly a story about Intuit expanding its services and finding new markets for its popular QuickBooks, TurboTax, and Quicken financial-software programs. But, according to one analyst, remote deposit capture?and a processor that offers the service?could get …
Read More »Discover Moves Closer to Contactless, But Stays Mum on Plans
Morgan Stanley's Discover Financial Services LLC payment network on Tuesday announced its certification of a contactless card reader from On Track Innovations Ltd., Discover's second such announcement in three months. But Riverwoods, Ill.-based Discover still hasn't revealed its larger contactless plans. “There's nothing we can talk about right now,” a …
Read More »Sites Fare Well on Cyber Monday After Mixed Performance Friday
E-commerce sites held up well under an onslaught of shoppers on what has become known as Cyber Monday, widely considered one of the heaviest traffic days of the year for Internet retailers, says Keynote Systems Inc. Keynote, which measures Web site performance, said Monday the more than 30 sites it …
Read More »Report: Get Ready for a Sizzling Market for BOC Transactions
A new electronic check-conversion application set to go live in March at retail and other check-accepting businesses could become one of the fastest-growing products ever introduced for the automated clearing house (ACH) network, generating 425 million transactions in 2007, predicts a new study from Boston-based market researcher Celent LLC. The …
Read More »AmEx, Metavante Undergird Cigna System for Medical Payments
Seeking to take some of the complexity out of medical payments and at the same time increase transaction volume, American Express Co. and processor Metavante Corp. have teamed up with insurance giant Cigna Corp. for a planned 2007 rollout of a system they claim will let patients know how much …
Read More »Gift Cards, Web Shopping Will Be Big Winners in Holiday Season
A trio of studies released on Monday indicate the 2006 holiday-shopping season should be merry and bright for gift cards and Internet transactions. Gift cards will be the second most popular item on gift-givers' lists this year, edged out only by apparel, according to survey results from both American Express …
Read More »MasterCard And VeriFone Put PayPass in Philadelphia Taxis
MasterCard Worldwide and point-of-sale terminal maker VeriFone Holdings Inc. on Wednesday announced that the 1,600 taxicabs in Philadelphia now accept or will accept MasterCard's PayPass contactless card by year's end. The cabs will use technology from VeriFone Transportation Systems, a joint venture of VeriFone and Queens, N.Y.-based taxi-equipment manufacturer TaxiTronic …
Read More »