Digital Transactions Authoritative, insightful and timely information for payments professionals
Bill-payment processor Online Resources Corp. on Thursday reported sharply higher third quarter numbers for transactions, clients, and users as the Chantilly, Va.-based company for the first time included results from rival processor Princeton eCom Corp. Online Resources, which acquired Princeton eCom for $180 million this summer, also said its integration …
Read More »First Data Hopes New Box Will Help It Plug Into Smaller Merchants
Beyond a recent press release, First Data Corp. hasn't made a huge public splash about its new payment terminal, the FD-100. Yet the terminal is not just a box that processes payment card transactions. It's an element of First Data's multipronged strategy to get more business from small and mid-sized …
Read More »Visa: Too Early to Tell How Restructuring Will Impact Interchange
The reorganization of the Visa bank card association will allow the resulting company to invest in new payments technologies and cultivate promising new acceptance markets, but the ultimate impact on the way the business sets interchange pricing is unknown, says a spokesperson for Visa International, the umbrella organization that has …
Read More »Content Sales Surge for Qpass As Games, Video Push up Tickets
Qpass Inc., whose software handles mobile-commerce transactions for wireless networks, processed almost $500 million in digital-content sales, up 50% over the like period in 2005, according to Amdocs Inc., Qpass's parent company. Transaction volume grew at an average quarterly rate of 12% in the period, Amdocs said. The St. Louis-based …
Read More »Market Forces, Including Interchange Cases, Spur Visa to Plan for IPO
Facing many of the same pressures that led its rival MasterCard Inc. to go public earlier this year, Visa announced on Wednesday it plans to scuttle the membership-association structure that has characterized it throughout its 36-year history in favor of a sweeping reorganization that will lead to ownership by the …
Read More »As Image Exchange Traffic Climbs, More Banks Clear Image Files
Image-exchange volumes continue to climb at a steady pace, and so does the volume of checks settled through image networks as images rather than as paper substitute checks, new data show. SVPCO's Image Payments Network, which links 15 large financial institutions and is the country's largest image-exchange system, reported Monday …
Read More »No Single Strategy Will Unlock the Pint-Size Payments Market
Consumers spend up to $1.5 trillion a year using on small purchases using cash, depending on who's estimating, but converting so-called micropayments into electronics will be one of the payment card industry's tougher challenges. Experts contacted by this newsletter's sister publication Digital Transactions magazine for an upcoming story on micropayments …
Read More »For Now, NFC Payment Hindered by Skeptical Carriers, Expert Says
Consumers who participated in a recently ended test in Atlanta of contactless payment on mobile phones may have warmed to the technology (Digital Transactions News, Sept. 8), but banks, transaction processors, independent sales organizations, and other players looking to cash in could now face a formidable hurdle: the wireless phone …
Read More »Eye on ATMs: Pass Code Hacker Fallout, Chase Network Expansion
A security expert says publicity about a hacker who was able to trick a cash dispenser into giving out four times as much cash as it debited may do some good in preventing this type of fraud. “I think awareness will go up because of this, and that's half the …
Read More »Tab for E-Commerce Glitches Could Be $60 Billion by 2010
Problems with transactions could cost e-commerce merchants and other Internet businesses some $60 billion in sales through 2010, according to a consumer survey released Monday. Altogether, 88% of consumers reported problems with transactions at shopping, banking, travel, and insurance sites. About one-third of consumers who run into checkout or payment …
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