Credit Cards

Making transactions more efficient has long been a driving force behind the conversion of paper-based to electronic systems, but now a new report shows how efficiencies derived from electronically processed payments contribute to a national economy. The report, entitled “The Benefits of Electronic Payments in the Canadian Economy,” was released …

Paymentech L.P. today won the entire credit and debit card processing business of five operating units of IAC/Interactive Corp., parent company of a number of online businesses. The multi-year deal includes Ticketmaster, Hotels.com, Expedia, HSN, and Match.com. Dallas-based Paymentech, which processed 7 billion electronic transactions in 2003, will not say …

Slim CD Inc., a transaction-software company in Coral Springs, Fla., announced today its product has been certified by First Data Corp., allowing banks and independent sales organizations supported by FDC to offer merchants high-speed card transactions on personal computers through Slim CD's software. The company says its product can process …

The first U.S. parking meters equipped to process online authorizations for credit cards have gone live in Seattle. Moorestown, N.J.-based Parkeon Inc. has shipped the first 80 of its so-called pay-and-display parking terminals, which run wireless credit card transactions, for street parking in Seattle. Parkeon's contract calls for it to …

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 …

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 …

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 …

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 …

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 …

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 …