Digital Transactions Authoritative, insightful and timely information for payments professionals
Brother International Corp., Bridgewater, N.J., a maker of office equipment such as computer printers and fax machines, has announced it is marketing a wireless device for use by mobile merchants and salespeople looking to be able to process credit card transactions in the field. The device, a Samsung SPH-i700 Pocket …
Read More »TransCore Looks to Expand Its RFID Pilot in Dallas
A payment system based on toll-road transponders in Dallas will expand later this year beyond the five McDonald's restaurants that have been part of the radio-frequency identification (RFID) pilot since its inception two years ago. Hummelstown, Pa.-based TransCore, which installs RFID-based toll-road systems around the world, says it will add …
Read More »Deal-Maker iPayment Reports Strong First-Quarter Results
Nashville-based card payments processor iPayment Inc. reported financial results today that included a more than doubling in charge volume processed as well as hefty increases in revenue and net income. The company, which closed at the end of 2003 on a $55 million cash acquisition from First Data Corp. that …
Read More »Frustration Reaches New Heights Among Grocers over Payments Costs
Frustration with electronic-transaction pricing may be reaching a boiling point in the supermarket industry, says one expert who keeps an eye on payments issues at the National Grocers Association, an Arlington, Va.-based trade group that includes independent supermarkets and wholesalers among its 12,000-plus members. Interchange and other costs for credit …
Read More »McDonald’s Expands Its Test of Self-Serve Kiosks
Having spread rapidly in the past year at airports, self-service transaction technology is starting to make inroads in the lodging and fast-food industries. McDonald's Corp., Oak Brook, Ill., has tested kiosks at a handful of its corporate-owned stores in Raleigh, N.C., and in Denver, and within the past few weeks …
Read More »PayPal Pays $150,000, Clarifies Terms to Settle New York Case
PayPal agreed today to pay the state of New York $150,000 and clarify its user agreement as part of a settlement of a case brought against the San Jose, Calif.-based online payments processor by the New York state attorney general's office. In the settlement, PayPal, a unit of online auction …
Read More »Visa Names Rodrigues to Succeed Williamson as CEO
Christopher J. Rodrigues, group chief executive of U.K.-based banking firm Bradford & Bingley, is the new president and chief executive of Visa International, the bank card network announced today. Rodrigues, 54, will take over June 1 from William Boardman, chairman of Visas International's board, who is serving as interim chief …
Read More »Visa USA’s Top Marketer Quits to Go to Schwab
On the same day that Visa International gained a new chief executive, Visa USA lost its top marketing officer. Rebecca Saeger, executive vice president for brand management, is leaving to take a senior marketing post at Charles Schwab & Co. Inc. in San Francisco, according to an internal announcement distributed …
Read More »Lightbridge Pays $82 Million to Buy Authorize.net
Lightbridge Inc., a Burlington, Mass.-based provider of software and transaction services to wireless telecommunications carriers, today announced it is buying Authorize.net for $82 million in cash in a deal expected to close by June 30. Eight-year-old Authorize.net is an American Fork, Utah-based subsidiary of InfoSpace Inc., Bellevue, Wash. It provides …
Read More »Information Architects Enters the Biometric Transaction Market
Information Architects Corp., a Fort Lauderdale, Fla.-based provider of Web-based employee-screening technology, has announced it is entering the market for electronic point-of-sale transactions secured by cardholders' fingerprints. The company says it has acquired a U.S. patent (6,270,011 B1) that covers a fingerprint-scanning methodology for credit cards via scanners deployed at …
Read More »